Blog

How experts use tax returns to find hidden assets

How experts use tax returns to find hidden assets

January 29, 2019
Business owners engaged in fraudulent activities often try to manipulate their companies’ financial statements. Fortunately for fraud experts, business owners’ tax returns aren’t as easy to misrepresent.
Read More
Higher mileage rate may mean larger tax deductions for business miles in 2019

Higher mileage rate may mean larger tax deductions for business miles in 2019

January 29, 2019
This year, the optional standard mileage rate used to calculate the deductible costs of operating an automobile for business increased by 3.5 cents, to the highest level since 2008.
Read More
What will your marginal income tax rate be?

What will your marginal income tax rate be?

January 29, 2019
While the Tax Cuts and Jobs Act (TCJA) generally reduced individual tax rates for 2018 through 2025, some taxpayers could see their taxes go up due to reductions or eliminations of certain tax breaks — and, in some cases, due to their filing status.
Read More
A refresher on major tax law changes for small-business owners

A refresher on major tax law changes for small-business owners

January 3, 2019
With the biggest tax law changes in decades — under the Tax Cuts and Jobs Act (TCJA) — generally going into effect beginning in 2018, most businesses and their owners will be significantly impacted. So, refreshing yourself on the major changes is a good idea.
Read More
Bogus vendors may be costing your company a bundle

Bogus vendors may be costing your company a bundle

January 3, 2019
Are you harboring fictitious vendors in your accounting system? These are vendors invented by an employee — usually someone with the authority to approve invoices — to embezzle from the company. If you sense something isn’t right in your vendor records, don’t let it slide.
Read More
A review of significant TCJA provisions impacting individual taxpayers

A review of significant TCJA provisions impacting individual taxpayers

January 3, 2019
Now that 2019 has begun, there isn’t too much you can do to reduce your 2018 income tax liability. But it’s smart to begin preparing for filing your 2018 return. Because the Tax Cuts and Jobs Act (TCJA), which was signed into law at the end of 2017, likely will have a major impact on your 2018 taxes, it’s a good time to review the most significant provisions impacting individual taxpayers.
Read More
You may be able to save more for retirement in 2019

You may be able to save more for retirement in 2019

January 3, 2019
Retirement plan contribution limits are indexed for inflation, and many have gone up for 2019, giving you opportunities to increase your retirement savings.
Read More
Business owners: An exit strategy should be part of your tax planning

Business owners: An exit strategy should be part of your tax planning

January 3, 2019
Tax planning is a juggling act for business owners. You have to keep your eye on your company’s income and expenses and applicable tax breaks (especially if you own a pass-through entity). But you also must look out for your own financial future.
Read More
3 ways to protect yourself from fraud when shopping online

3 ways to protect yourself from fraud when shopping online

December 14, 2018
Online shopping enables consumers to buy almost anything from the convenience of their own homes. But comfortable surroundings can lull online shoppers into a false sense of security.
Read More
Year-end tax and financial to-do list for individuals

Year-end tax and financial to-do list for individuals

December 14, 2018
With the dawn of 2019 on the near horizon, here's a quick list of tax and financial to-dos you should address before 2018 ends.
Read More
6 last-minute tax moves for your business

6 last-minute tax moves for your business

December 14, 2018
Tax planning is a year-round activity, but there are still some year-end strategies you can use to lower your 2018 tax bill. Here are six last-minute tax moves business owners should consider.
Read More
Does prepaying property taxes make sense anymore?

Does prepaying property taxes make sense anymore?

December 14, 2018
Before you prepay property taxes, review your situation carefully to be sure it will provide a tax benefit. And keep in mind that, just because prepayment will increase your 2018 itemized deductions, it doesn’t necessarily mean that’s the best strategy.
Read More