Does prepaying property taxes make sense anymore?
Does prepaying property taxes make sense anymore? Prepaying property taxes related to the current year but due the following year has long been one of the most popular and effective year-end tax-planning strategies. But does it still make sense in 2018? The answer, for some people, is yes — accelerating this expense will increase their […]
December 19, 2018
6 last-minute tax moves for your business
6 last-minute tax moves for your business Tax planning is a year-round activity, but there are still some year-end strategies you can use to lower your 2018 tax bill. Here are six last-minute tax moves business owners should consider: Postpone invoices. If your business uses the cash method of accounting, and it would benefit from […]
December 17, 2018
Estimates vs. actuals: Was your 2018 budget reasonable?
Estimates vs. actuals: Was your 2018 budget reasonable? As the year winds down, business owners can be thankful for the gift of perspective (among other things, we hope). Assuming you created a budget for the calendar year, you should now be able to accurately assess that budget by comparing its estimates to actual results. Your […]
December 13, 2018
Check deductibility before making year-end charitable gifts
Check deductibility before making year-end charitable gifts As the holidays approach and the year draws to a close, many taxpayers make charitable gifts — both in the spirit of the season and as a year-end tax planning strategy. But with the tax law changes that go into effect in 2018 and the many rules that […]
December 12, 2018
When holiday gifts and parties are deductible or taxable
When holiday gifts and parties are deductible or taxable The holiday season is a great time for businesses to show their appreciation for employees and customers by giving them gifts or hosting holiday parties. Before you begin shopping or sending out invitations, though, it’s a good idea to find out whether the expense is tax […]