Many owners of private companies have been leery of operating as a regular C corporation because it exposes them to double-taxation of business income. First, a corporate income tax applies to the company’s profits. Second, any dividends that pass to […]

Many owners of private companies have been leery of operating as a regular C corporation because it exposes them to double-taxation of business income. First, a corporate income tax applies to the company’s profits. Second, any dividends that pass to […]

Patient investors have generally prospered over the long term. Nevertheless, there are many reasons for selling stocks. Knowing the basics can help improve your tax position. Selling shares held in a taxable account will trigger taxable capital gains or losses, […]

The Tax Cuts and Jobs Act (TCJA) of 2017 generally disallowed all deductions for business entertainment, amusement, and recreation. However, the TCJA did not specifically turn thumbs up or down on the deductibility of business meal expenses. Under the old […]

The start of each year might be considered “Double IRA” season. Until mid-April (the 15th, in 2019), you can still make contributions to an IRA for 2018, if you have funds you’d like to save for retirement. Most workers and […]

Rewarding employees at the end of the year can brighten up their holidays and set the stage for your company to enjoy a good start to 2019. Some forethought and careful communications can avoid problems. A key first step is […]

Most people realize the importance of a will to help direct the transfer of assets after death, but during your lifetime, you also may also want to have a power of attorney (POA) for convenience and asset protection. Before we […]

Under the Tax Cuts and Jobs Act of 2017 (TCJA), equipment expensing permitted by Section 179 of the tax code was expanded. In 2018, your business can take a first-year deduction of up to $1 million worth of equipment purchases. […]

The Tax Cuts and Jobs Act of 2017 was passed at the end of last year, and generally took effect in 2018. One feature of this legislation is an almost doubling of the standard deduction for most tax payers. Because […]

Since rising rates tend to depress bond prices, the threat of rising interest rates may worry fixed income investors. Investors with this concern may want to consider constructing a bond ladder to hedge against this risk.