Are you considering creating a trust for your estate? It’s a smart move for various legal reasons – from avoiding the probate process to ensuring your assets are distributed according to your wishes. However, there’s one thing you shouldn’t overlook: taxes.
Every small business person should plan to become conversant with the contents of the Coronavirus Aid, Relief, and Economic Security Act (CARES Act). The Act is perhaps the largest in…
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Many small business people regularly engage with their CPA firm to prepare a tax projection for the upcoming year, which requires familiarity with various tax and financial planning measures. The…
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Provisions of Section 274 of the IRS Code, which presents the rules for deductible Business Meals went under the wrecking ball in the process of drafting of the Tax Cuts…
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Tax Relief for (Big) Capital Gains Just when it looked like Congress needed something to do while the government was shut down, they found the time to put some closure…
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Who Can Benefit from Section 199A 20% Deduction? Most Americans realize that Congress passed a Tax Cuts and Jobs Act (so-called Tax Reform) effective for 2018. It is also well…
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