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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.
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.
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.
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.
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.
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.
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.
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.
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?
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.
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.
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.
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.
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.
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.
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.
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