by Sarah Boehle Pool | Sep 5, 2018 | Latest News
The TCJA prohibits undoing 2018 Roth IRA conversions, but 2017 conversions are still eligible Converting a traditional IRA to a Roth IRA can provide tax-free growth and tax-free withdrawals in retirement. But what if you convert your traditional IRA — subject to...
by Sarah Boehle Pool | Sep 3, 2018 | Latest News
Choosing the right accounting method for tax purposes The Tax Cuts and Jobs Act (TCJA) liberalized the eligibility rules for using the cash method of accounting, making this method — which is simpler than the accrual method — available to more businesses. Now the IRS...
by Sarah Boehle Pool | Aug 30, 2018 | Latest News
Contemplating compensation increases and pay for performance As a business grows, one of many challenges it faces is identifying a competitive yet manageable compensation structure. After all, offer too little and you likely won’t have much success in hiring. Offer...
by Sarah Boehle Pool | Aug 29, 2018 | Latest News
Do you still need to worry about the AMT? There was talk of repealing the individual alternative minimum tax (AMT) as part of last year’s tax reform legislation. A repeal wasn’t included in the final version of the Tax Cuts and Jobs Act (TCJA), but the TCJA will...
by Sarah Boehle Pool | Aug 27, 2018 | Latest News
An FLP can save tax in a family business succession One of the biggest concerns for family business owners is succession planning — transferring ownership and control of the company to the next generation. Often, the best time tax-wise to start transferring ownership...
