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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....

Now Is the Time to Review Your Tax Outlook With the TCJA in Mind

The Tax Cuts and Jobs Act has brought about many changes to exemptions and deductions that were once so advantageous to individual taxpayers. These modifications mean that individuals with more complex tax...

June/July Dates to Remember

June 15 Individuals. If you are not paying your 2018 income tax through withholding (or will not pay enough tax during the year that way), pay the second installment of your 2018 estimated tax. Corporations....

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...

Bond Funds are not Without Risk – Holdings Diversity is Key

Typically, bond funds with low yields have relatively low risk. That doesn’t mean that these funds are without risk, though. With interest rates expected to rise this year, all types of bond values could drop,...

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...

May/June Dates to Remember

May 10 Employers. For Social Security, Medicare, and withheld income tax, file Form 941 for the first quarter of 2018. This due date applies only if you deposited the tax for the quarter in full and on time. May 15...

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