tax planning
Many companies opt to use company-owned vehicles. Whether it be a large cement mixing truck for use on a construction site, a company van sent out with service professionals on…
Savvy investors know that taxes can have a big impact on their returns. And while tax considerations should generally take a back seat to sound investment strategies, as you review…
For most businesses, year-end tax planning involves a delicate balancing act, and the more flexibility that is built into the plan, the better. That’s because the tax code is in…
As the end of the year approaches, it’s a good time to review your financial situation and consider strategies for lowering your tax bill. Following are a couple year-end tax…
The 3.8% net investment income tax (NIIT) can negatively affect your estate plan. This is especially true if your assets include an investment portfolio, because the NIIT can increase the…
For investors, 2020 has been marked by volatility and uncertainty. As we approach the end of the year, it’s a good idea to review your portfolio and consider strategies for…
There’s a common misconception that, when you retire, your tax bills shrink, your tax returns become simpler and tax planning is a thing of the past. That may be true…
Companies that qualify as “small businesses” enjoy several tax benefits, including simplified tax reporting and the ability to defer taxes under certain circumstances. Your construction company’s eligibility for these advantages…
By now you have most likely heard from your tax advisor or via news outlets about the Tax Cuts and Jobs Act (TCJA). The biggest tax overhaul since 1986, these…
By temporarily doubling the gift and estate tax exemption, the Tax Cuts and Jobs Act (TCJA) opened a window of opportunity for affluent families to transfer assets tax-free. To take…