New Tax Incentives through Qualified Opportunity Funds
Recent tax reform has provided business owners with many new and unique opportunities. One of the more unique sections of the new code relates to Qualified Opportunity Funds (QOF). A QOF is an investment vehicle which provides the opportunity to … Read more…
IRS Issues Inflation Adjustments for 2019
The IRS has issued the new limits and inflation adjustments for 2019 tax provisions in Revenue Procedure 2018-57. Below is a link to the entire notice: https://www.irs.gov/newsroom/irs-provides-tax-inflation-adjustments-for-tax-year-2019 Dozens of tax provisions are adjusted every year, and the following are the top … Read more…
2018 Last-Minute Business Tax Strategies
Although there are only a few weeks left to go before the year ends, it is not too late to implement some planning moves that can improve a business’s tax situation for 2018 and beyond. Plan to maximize the Qualified … Read more…
Year-End Tax Planning Considerations for Individuals
Although the year is almost over, it’s not too late to improve one’s tax situation for 2018 and beyond. This blog reviews some actions that one can take before Dec. 31 to possibly improve their tax situation. Capture Losses in … Read more…
2018 Tax Reform Impact on Meals & Entertainment
[This post was updated on 11/5/18] The Tax Cut and Jobs Act of 2017 (TCJA) puts stricter limits on what businesses can deduct for meals and entertainment expenses for amounts incurred or paid after December 31, 2017. As part of … Read more…
