Blog
Overview of Provisions of the TCJA Affecting Businesses
The recently enacted Tax Cuts and Jobs Act has overhauled of many parts of the Internal Revenue Code. Here are some of the most important provisions in the new law that affect businesses.
What type of IRA is best for you?
So you're ready to open an individual retirement account, but you're not quite sure what's going to work for your situation. Don't worry. Here's a quick overview to help you decide.
Planning on donating this year? Consider this.
Charitable giving is a whole new ballgame for taxpayers now that most itemized deductions have been reduced or eliminated and the standard deduction has nearly doubled.
May 2018 Market Insight
While the kids are getting out of school, we thought we would take you back to the classroom and review some key terms that you may be hearing regarding what’s happening in the market.
Tax Filing Reminders
Now is the ideal time to schedule a tax-planning session. Your tax return outcome is still fresh, and it's early enough in the year to make corrective action to take advantage of the numerous new tax law changes taking place in 2018. Here's a brief overview of some of the new tax issues that you need to plan for now.
3 Big Questions People Ask After Tax Day
Tax Day has passed, but that doesn’t mean all of your tax issues have been resolved. Here are answers to three popular questions taxpayers ask post-tax season.
Consider These Top TCJA Changes Right Now
December may feel like a long way off, but it’ll show up quicker than you think. Luckily, you still have time to figure out just how much the Tax Cuts and Jobs Act (TCJA) affects your situation.
April 2018 Market Insight
With April now behind us, the S&P 500 is just about even from the beginning of the year, but what a ride it has been! January gave us the “Melt Up” of over 7%, February brought a correction, and March was a whipsaw of trade concerns and inflation fears. It seems April was more of the same.
How to handle a gap in health care coverage
Health care coverage gaps happen. Whether because of job loss or an extended sabbatical between gigs, you may find yourself without health care for a period. Here are some tax consequences you should know about, as well as tips to fix a coverage gap.
Update on the Tax Cuts and Jobs Act (TCJA)
The Tax Cuts and Jobs Act (TCJA) was passed by Congress in a hurry late last year, and the IRS and tax preparers have been working to digest some of the more thorny issues created by the tax overhaul. Here are the latest answers to some of the most common questions.
Employee Spotlight: Tammy Higgins & Jerod Daniel
Support staff often play an unrecognized yet vital role in a business’s success. In many ways, they are the mortar that holds all the bricks together. At Whitcomb & Hess, we understand their value and would like to introduce to you to two of our Investment Team members who contribute greatly to our organization.
The Constant Tension: Risk vs. Return
When I was studying to obtain the CERTIFIED FINANCIAL PLANNER™ certification, one of the first definitions I had to memorize was the meaning of risk--the possibility of loss. Risk is everywhere in our world, and as your advisors it is our job to help you identify these risks and find the most effective means to reduce or eliminate them.
Market Update
The stock market has had an up and down start to 2018. Volatility has made a comeback, after being mostly absent last year.
The Richland County Foundation congratulates Tim Hilterman on CAP® designation
Tim Hilterman, Investment Advisor for Whitcomb & Hess, Inc., has earned the Chartered Advisor in Philanthropy® (CAP®) Designation. This designation provides Tim with the knowledge and tools needed to help individuals and families articulate and advance their highest aspirations for themselves, their families, and their community.
Whitcomb & Hess selected for April 2018 Ohio Business Profile
Whitcomb & Hess is honored to have been selected for April 2018 Ohio Secretary of State’s Ohio Business Profile. We would like to thank the Ashland Chamber of Commerce for the nomination
Charitable Giving Strategies in 2018
You love giving. You don’t love paying taxes. Our new federal tax laws may hold some good news for you.
Check your 2018 tax withholding — It may need adjusting
A lot of people like to receive a refund from the IRS, thinking of it as a form of forced saving. On the other hand, if you underpay your taxes by more than $1,000 and don't meet certain exceptions, you could be hit with a penalty.
March 2018 Market Insight
It’s a good time to unplug… not from your investment strategy: from the media!
Stay prepared to sell your business
If you enjoy running your own business, selling it may be the furthest thing from your mind. But the reality is that eventually an opportunity to sell will come, whether due to your own life changes or a perfect buyer walking in the door. Planning, often years in advance of the sale date, is necessary to get the most value for the love, sweat and tears you’ve invested. Here are some tips to stay prepared.
When an extension makes sense
While most people should file a tax return by April 17, you have the option of delaying your filing date until Oct. 15 with a tax extension.
Great uses for your tax refund
Most Americans get a refund every year, with the average check weighing in at $2,895 last year. Even though it’s really money that they earned, many people are tempted to treat it like a windfall and splurge. If you can resist that temptation, here are some of the best ways to put your refund to good use.
Why you may want to rethink your estate plan in 2018
The Tax Cuts and Jobs Act signed into law at the end of 2017 sets the estate tax exemption at $11.2 million per individual for 2018.
Tax breaks for 2017 tax return revived
In early February, Congress passed a federal budget bill that revived several expired tax breaks for the 2017 tax year.
Answers to commonly asked tax questions
With all of the headlines about the changes to tax law, you probably have lots of questions. Here are answers to some of the most common questions taxpayers have this year.
Tax checklist for business startups
Starting your own business can be equal parts thrilling and intimidating. Complying with regulations and tax requirements definitely falls into the latter category. But, with some professional help, it doesn’t have to be that way. You can get started with this checklist of things you’ll need to consider.
Alert: Expired home and education tax breaks revived
Congress passed a federal budget bill in early February that revived dozens of expired tax breaks for the 2017 tax year. They include a deduction for education expenses as well as several tax breaks for homeowners.
IRS updates 2018 withholding tables
The IRS recently released updated income tax withholding tables. These updates are a result from changes in the Tax Cuts and Jobs Act (TCJA) passed in late 2017. Employers will have until Feb. 15 to update their payroll systems. Employees will start seeing the changes to their paychecks shortly thereafter.
Prep for an IRS audit using your 2017 tax return info
An IRS audit is kind of like a flat tire. It's inconvenient and frustrating, and if you're lucky you may never have to experience one. But if you do, you'll be sorry if you aren't prepared.
January 2018 Market Insight
Can All-Time Market Highs Continue with All-Time Low Volatility?
2018 Archive
2017 Archive
.png)
