The Key Steps to Take BEFORE You Start a New Business
Very few people think that starting a new business is easy. But at the same time, there are few first-time entrepreneurs who realize just how involved things are from the…
The 20% Pass-Through Tax Deduction for Business Owners
The Tax Cuts and Jobs Act (HR 1, “TCJA”) established a brand new tax deduction for owners of pass-through businesses. Pass-through owners who qualify can deduct up to 20% of…
The Auto Deduction in 2018 – Mileage or Actual?
First and foremost, remember the auto deduction isn’t travel, but expenses for your car, truck or SUV. Also, remember this includes ALL your vehicles as long as they have some sort of business…
Why small business owners should have a qualified retirement plan
The benefits of establishing and maintaining a tax-qualified retirement plan have always been substantial. While not all qualified plans are designed in the same manner, they all share the following…
IRS releases updated withholding calculator and 2018 Form W-4
The IRS has completed updating its online withholding calculator that individual taxpayers can use to determine how many withholding allowances they should claim for 2018. The IRS also issued a new 2018 Form…