Blog
Zero Percent Federal Income Tax on QSBC Sales: Too Good to Be True?
If you're constantly looking for the best way to shield your investment gains from federal income taxes, you were likely heartened by the Tax Cuts and Jobs Act's (TCJA) double-digit corporate tax rate reduction. But even better than a 21 percent corporate tax rate is a zero percent tax rate on gains from...
Could More Tax Changes Come Before the 2018 Midterms?
Lawmakers in the U.S. House's Ways and Means Committee recently put forward some tax proposals designed to permanently codify some of the temporary changes enacted by 2017's Tax Cuts and Jobs Act (TCJA). Proponents of these changes claim that they'll boost wages for the middle class and add around one and a half...
It's the Summer Season, Now What?
The months (and weeks) leading up to April 15 can be crunch time for most tax professionals, whether you're an in-house corporate accountant or you handle individual returns for personal clients. While rest and relaxation should be on the post-April 15 menu for every accountant, it's also important to use...
2019 Summer Season
The months (and weeks) leading up to April 15 can be crunch time for most tax professionals, whether you're an in-house corporate accountant or you handle individual returns for personal clients. While rest and relaxation should be on the post-April 15 menu for every accountant, it's also important to use the...
The Tax Cuts and Jobs Act Impacts Itemizers
The Tax Cuts and Jobs Act Impacts Itemizers Individual tax filers who were accustomed to itemizing their deductions may be in for a surprise when they file their 2018 federal income taxes. Although the Tax Cuts and Jobs Act of 2017 (TCJA) is projected to reduce many families' overall tax liability, it is also likely...