Tag: Tax Strategies

The free use of a company car is one of the best perks an employee may receive as part of a compensation package. But the benefit to the employee isn't completely "free" under current tax Read More

If your small business is unincorporated, you may be fed up with paying the federal self-employment (SE) tax. This tax is how the federal government collects Social Security and Medicare taxes from self-employed individuals. However, Read More

Do you know the highest individual tax rate under the new laws?  What are the highest tax rates in the history of the United States? While these were some interesting tax facts, those who attended Read More

Are you withholding enough money from your regular paychecks? The Tax Cuts and Jobs Act (TCJA) has made several significant changes to the tax rules for individuals for 2018 through 2025. As a result, many Read More

The Tax Cuts and Jobs Act (TCJA) expands the first-year depreciation deductions for vehicles used more than 50% for business purposes. Here's what small business owners need to know to take advantage of expanded tax Read More

Do you own residential or commercial rental real estate? The Tax Cuts and Jobs Act (TCJA) brings several important changes that owners of rental properties should understand. In general, rental property owners will enjoy lower Read More

The Roth IRA remains an attractive retirement planning vehicle for many individuals after the changes made by the Tax Cuts and Jobs Act (TCJA). Here's what you need to know about a Roth IRA and Roth Read More

Do you Itemize? The new Tax Cuts and Jobs Act (TCJA) significantly changes some parts of the tax code that relate to personal tax returns. As a result, millions of Americans who have itemized deductions in Read More

If you own an unincorporated small business, you may be getting fed up with high self-employment (SE) tax bills. One way to lower your SE tax liability is to convert your business to an S Read More

Are you an employee, a partner, a partner who doesn't know it — or a combination of these classifications? The answer can have serious tax implications. If you participate in a business that's operated as Read More