Tag: Tax Planning
Preparing for Potential Tax Changes
The upcoming 2024 election will have a major impact on tax policy, specifically provisions created by the Tax Cuts and Jobs Act (TCJA). If...
Tax Planning with Build Back Better Act
As negotiations within the U.S. Congress continue over the most recent bill proposed by President Biden, known as the Build Back Better Act (BBBA),...
Business Tax Planning Considerations
The small business taxpayer exception rules have been around for many years. Despite the everchanging landscape of tax code this is one area that...
New rates for tax minimization planning
Early in the year is the best time to begin planning to minimize your income tax liability. The IRS and the Social Security Administration...
Year-end tax planning strategies for businesses
Businesses should consider making expenditures that qualify for the business property expensing option. For 2017, the expensing limit is $510,000 and the investment ceiling...