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


Turning employee ideas into profitable results

Turning employee ideas into profitable results Many businesses train employees how to do their jobs and only their jobs. But amazing things can happen when you also teach staff members to actively involve themselves in a profitability process — that is, an ongoing, idea-generating system aimed at adding value to your company’s bottom line. Let’s […]

February 15, 2018


State and local sales tax deduction remains, but subject to a new limit

State and local sales tax deduction remains, but subject to a new limit Individual taxpayers who itemize their deductions can deduct either state and local income taxes or state and local sales taxes. The ability to deduct state and local taxes — including income or sales taxes, as well as property taxes — had been […]

February 14, 2018


Claiming bonus depreciation on your 2017 tax return may be particularly beneficial

Claiming bonus depreciation on your 2017 tax return may be particularly beneficial With bonus depreciation, a business can recover the costs of depreciable property more quickly by claiming additional first-year depreciation for qualified assets. The Tax Cuts and Jobs Act (TCJA), signed into law in December, enhances bonus depreciation. Typically, taking this break is beneficial. […]

February 12, 2018


Business interruption insurance can help some companies

Business interruption insurance can help some companies Natural disasters and other calamities can affect any company at any time. Depending on the type of business and its financial stability, a few weeks or months of lost income can leave it struggling to turn a profit indefinitely — or force ownership to sell or close. One […]

February 8, 2018