Provisions in The Tax Cuts and Jobs Act of 2017

Final Business/Corporate/Partnership Provisions in Tax Cuts and Jobs Act of 2017 Below is a chart from our friends at WesternCPE that briefly summarizes the major provisions affecting our business clients, including corporations, partnerships, and sole proprietorships. Business Provision Tax Cuts and Jobs Act of 2017 Effective date Unless otherwise indicated, business changes are permanent, generally, […]

Why Is Tax Planning Important For Your Future?

Whether you are single or married, a parent or grandparent, you always need to look ahead to the future. Part of doing that means planning out your financial future and trying to save as much money as possible. That means paying as little as possible to Uncle Sam each year. So why is tax planning […]

IRS Reminds Parents and Students of College Tax Credits

IRS Reminds Parents and Students of College Tax Credits (IR-2014-90) The IRS issued a reminder to parents and students of the various college tax credits and education-related tax benefits for the tax years 2014 and beyond. The American Opportunity Tax Credit generally offers the greatest tax savings of the credits and deductions that are available for eligible students. The […]

2013 Year End Tax Planning Advice

Year-end tax planning could be especially productive this year because timely action could nail down a host of tax breaks that won’t be around next year unless Congress acts to extend them, which, at the present time, looks doubtful. These include, for individuals: the option to deduct state and local sales and use taxes instead […]

2013 Year End Tax Planning for Businesses

With the end of the 2013 year rapidly approaching us, we wanted to spend a few minutes and discuss year end tax planning moves that businesses can make. Businesses should consider making expenditures that qualify for the business property expensing option. For tax years beginning in 2013, the expensing limit is $500,000 and the investment […]

2013 Year End Tax Planning for Individuals

With the end of the 2013 year rapidly approaching us, we wanted to spend a few minutes and discuss year end tax planning moves that individuals can make. Increase the amount you set aside for next year in your employer’s health flexible spending account (FSA) if you set aside too little for this year. If […]

Year-End Tax Planning: Higher Income Filers Must Navigate New Landscape

As you evaluate your tax situation at the end of the year it is critical to know about the important changes and updates.  Particularly for individuals who are high income earners, who now have a changed landscape to navigate through.  This video will help explain the changes that you need to know about. At Boyer […]