by Sarah Boehle Pool | Mar 13, 2019 | Latest News
Some of your deductions may be smaller (or nonexistent) when you file your 2018 tax return While the Tax Cuts and Jobs Act (TCJA) reduces most income tax rates and expands some tax breaks, it limits or eliminates several itemized deductions that have been valuable to...
by Sarah Boehle Pool | Mar 11, 2019 | Latest News
The home office deduction: Actual expenses vs. the simplified method If you run your business from your home or perform certain functions at home that are related to your business, you might be able to claim a home office deduction against your business income on your...
by Sarah Boehle Pool | Mar 7, 2019 | Latest News
Best practices when filing a business interruption claim Many companies, especially those that operate in areas prone to natural disasters, should consider business interruption insurance. Unlike a commercial property policy, which may cover certain repairs of damaged...
by Sarah Boehle Pool | Mar 6, 2019 | Latest News
3 big TCJA changes affecting 2018 individual tax returns and beyond When you file your 2018 income tax return, you’ll likely find that some big tax law changes affect you — besides the much-discussed tax rate cuts and reduced itemized deductions. For 2018 through...
by Sarah Boehle Pool | Mar 4, 2019 | Latest News
When are LLC members subject to self-employment tax? Limited liability company (LLC) members commonly claim that their distributive shares of LLC income — after deducting compensation for services in the form of guaranteed payments — aren’t subject to self-employment...
