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Tax Cuts and Jobs Act – Foreign-Derived Intangible Income

In our most recent blog about The Tax Cuts and Jobs Act ("the Act") with an international focus, we had to talk about mandatory repatriation which is one of the few provisions effective for the 2017 tax year....

Avoiding the Warm Weather Slow Down in Business

During the summer, it may be true that “the living is easy,” as the old song goes. The midyear season, though, is often not so easy at small businesses because many employees are taking vacations. Total work...

Planning to Reduce Market Impact on Retirement Plans

We have seen an increase in market volatility in early 2018. A steep pullback in stocks could be good news for working people who are building retirement funds, but those approaching or recently beginning retirement...

Home Equity Loans May Still be Deductible

The Tax Cuts and Jobs Act of 2017 affected the tax deduction for interest paid on home equity debt as of 2018. Under prior law, you could deduct interest on up to $100,000 of home equity debt, no matter how you...

Many Business Expenses are No Longer Deductible

The good news is that the TCJA of 2017 lowered corporate tax rates from a graduated schedule that reached 35% to a 21% flat rate. The bad news? Many business expenses are no longer tax deductible. That list includes...

Is Your Employer’s Retirement Plan Getting Less Attractive?

The TCJA generally lowered federal income tax rates, with some exceptions. Among the ways in which lower rates impact tax planning, they make unmatched contributions to traditional employer retirement plans...

New Tax Benefit for Pass-Through Entities

Many small businesses are pass-through entities, including S corporations, partnerships, sole proprietorships, LLCs, and LLPs. The label indicates that all business earnings are passed through to the owners’...

TCJA Trims Some Itemized Deductions

A key component of the TCJA is the expansion of the standard deduction. The numbers for 2018 are $24,000 (married couples filing jointly), $18,000 (heads of household), and $12,000 (all others). These...

Do You Know Your True Tax Rate?

It has been widely reported that the TCJA lowers federal income tax rates for many people. The highest tax rate, for example, has fallen from 39.6% to 37%. Many people who are in lower brackets also stand to...

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