Families with college students may save tax on their 2017 returns with one of these breaks

Families with college students may save tax on their 2017 returns with one of these breaks Whether you had a child in college (or graduate school) last year or were a student yourself, you may be eligible for some valuable tax breaks on your 2017 return. One such break that had expired December 31, 2016, […]

February 28, 2018


Tax credit for hiring from certain “target groups” can provide substantial tax savings

Tax credit for hiring from certain “target groups” can provide substantial tax savings Many businesses hired in 2017, and more are planning to hire in 2018. If you’re among them and your hires include members of a “target group,” you may be eligible for the Work Opportunity tax credit (WOTC). If you made qualifying hires […]

February 26, 2018


Use benchmarking to swim with the big fish

Use benchmarking to swim with the big fish You may keep a wary eye on your competitors, but sometimes it helps to look just a little bit deeper. Even if you’re a big fish in your pond, someone a little bigger may be swimming up just beneath you. Being successful means not just being aware […]

February 22, 2018


TCJA temporarily lowers medical expense deduction threshold

TCJA temporarily lowers medical expense deduction threshold With rising health care costs, claiming whatever tax breaks related to health care that you can is more important than ever. But there’s a threshold for deducting medical expenses that may be hard to meet. Fortunately, the Tax Cuts and Jobs Act (TCJA) has temporarily reduced the threshold. […]

February 21, 2018


Small business owners: A SEP may give you one last 2017 tax and retirement saving opportunity

Small business owners: A SEP may give you one last 2017 tax and retirement saving opportunity Are you a high-income small-business owner who doesn’t currently have a tax-advantaged retirement plan set up for yourself? A Simplified Employee Pension (SEP) may be just what you need, and now may be a great time to establish one. […]

February 19, 2018