Blog
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.
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.
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.
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?
New 2018 capital expense rules
There are many provisions in the tax reform bill passed in late 2017 designed to benefit small business owners. There are also a variety of new tax tools affecting how small businesses account for deducting the cost of capital purchases under the new tax law.
Tips for when your employees are family members
Working with family can be a pleasure. It can also be a pain, especially if you have to terminate a family member's employment. Here are tips to help you ease the strain of mixing your family and employee relationships.
Taxes and virtual currencies: What you need to know
Virtual currencies are all the rage lately. Here are some tax consequences you must know if you decide to dip your toe into that world.
2017 Year End Market Update
2017 is now in the books. It’s always fun to look at predictions made one year ago and see how they measured up to reality.
Where Will Your Money Go?
Do you know who will inherit your money when you die? Many people think they know the answer to this question. But are you sure your paperwork lines up with your wishes?
New Year, New Numbers
Happy New Year! We would like to highlight some figures that will be helpful in your financial and retirement planning for this coming year.
Bitcoin—Finance’s Wild New Craze
It’s almost impossible nowadays to open a newspaper or spend any significant time online without stumbling onto an article or blog about the latest trend in finance—Bitcoin.
Tim Hilterman Earns CAP®
Tim Hilterman has earned the Chartered Advisor in Philanthropy® (CAP®) Designation.
2018 tax reform changes: At a glance
Congress has passed tax reform that will take effect in 2018, ushering in some of the most significant tax changes in three decades. Here are some major items in the new bill that impact individual taxpayers.
The best way to avoid an audit: Preparation
Getting audited by the IRS is no fun. Some taxpayers are selected for random audits every year, but the chances of that happening to you are very small. You are much more likely to fall under the IRS’s gaze if you make one of several common mistakes.
Standard mileage rate increase for 2018
It's time to revise the standard mileage rate you use to calculate deductible vehicle expenses during 2018 for business, medical and moving mileage. Take a look at what changed.
The best way to avoid an audit: Preparation
Getting audited by the IRS is no fun. Some taxpayers are selected for random audits every year, but the chances of that happening to you are very small. You are much more likely to fall under the IRS’s gaze if you make one of several common mistakes.
Mileage rates for 2018
The IRS recently announced mileage rates to be used for travel in 2018. The standard business mileage rate increased by 1 cent to 54.5 cents per mile. The medical and moving mileage rates also increased by 1 cent, to 18 cents per mile. Charitable mileage rates remained unchanged at 14 cents per mile.
Looking ahead: Tax reform in 2018
Congress has passed tax reform that will take effect in 2018, ushering in some of the most significant tax changes in three decades. Here are some major items in the new bill that impact individual taxpayers.
2017 TAX REFORM: Checkpoint Special Study on Individual Tax Changes in the "Tax Cuts and Jobs Act"
The recently enacted Tax Cuts and Jobs Act is a sweeping tax package that will take effect in 2018. Here is a detailed article provided by our tax service of the significant changes impacting individuals and businesses.
Tax Cuts and Jobs Act Summary
The recently enacted Tax Cuts and Jobs Act (TCJA) is a sweeping tax package. Here's a look at some of the more important elements of the new law that have an impact on individuals.
Save on your 2017 tax bill with these last-minute moves
You still have time to put yourself in the best tax position possible before the clock strikes midnight on New Year's Eve. Follow these five tips and you won't be sorry when tax season rolls around.
Business owners: Ready for 1099 reporting?
There are more than a dozen variations of the information return known as Form 1099. Most are specific to certain industries. But nearly every company, large or small, has to issue Form 1099-MISC.
November 2017 Market Insight
We hope the Thanksgiving holiday was a wonderful time for you and your loved ones. There’s usually plenty of food, football, and shopping. While Americans love to snatch up deals on Black Friday and Cyber Monday, did you know there’s another shopping event that is larger than these two days combined?
Get ready to save more in 2018
You can save more for retirement next year using tax-advantaged accounts, thanks to a boost in the maximum 401(k) contribution rate by the IRS. The maximum rate increases by $500 to $18,500, which is the first increase in three years.
IRS and SSA release 2018 tax numbers
The IRS and the Social Security Administration published some inflation-adjusted numbers for retirement contributions and gifts for 2018. You can use this information as you begin your tax and financial planning for the coming year.
2019 Archive
2018 Archive
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