Five Last Minute Tax Reduction Strategies

1)Your year-end tax planning doesn’t have to be hard. I have outlined below five strategies that will increase your tax deductions or reduce your taxable income so that Uncle Sam gets less of your 2018 cash. Prepaying your 2019 expenses

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2018 Last Minute Year-End Tax Strategies for Marriage, Kids & Family

Here are five year-end tax-deduction strategies that apply if you are getting married or divorced, have children who did or could work in your business, and/or have situations where you give money to relatives and friends. Put Your Children on

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Last Minute Year-End Tax Strategies for your Stock Portfolio

The beauty of tax planning your year-end stock portfolio is that it might cost you pennies in commissions but allow you to pocket real money. Here’s the basic strategy: Avoid the high taxes (up to 40.8 percent) on short-term capital

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Last Minute 2018 Year-End Tax Planning

Your year-end tax planning doesn’t have to be hard. I have outlined below five strategies that will increase your tax deductions or reduce your taxable income so that Uncle Sam gets less of your 2018 cash. Prepaying your 2018 expenses

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Business Vehicle Purchase under New Tax Law 2018

Thinking about a Business Vehicle purchase?  Two Questions: Do you need a replacement business car, SUV, van, or pickup truck? Do you need tax deductions this year? Here are some ideas for you to consider: Buy a New or Used

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Can I take the new 20% deduction for qualified business income?

Lots of business owners have been contacting us of late, as we’ve developed a bit of a reputation around the Springfield MO area for helping business owners save a bundle on their taxes. And many of the business owners have

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IRS Allows Client and Prospect Business Meal Deduction

Ted’s Tax Saving Tips Vol 201811 IRS Says TCJA Allows Client and Prospect Business Meal Deduction In Notice 2018-76, the IRS states that client and prospect business meals continue as tax deductions under the Tax Cuts and Jobs Act. This

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Big Changes to Alimony Happen January 1, 2019

It is urgent that those getting divorced consider the changes in Alimony tax treatment of any agreements executed after December 31, 2018.  The Tax Cuts and Jobs Act (TCJA) dramatically change the deductibility of alimony to ZERO! For all divorce

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A failure to plan is a plan for failure!

There is still time to reduce the amount of taxes you pay, but you have to take the time to plan.  We have FREE resources to help you along the way. The “New” Tax Code: 9 Simple, easily overlooked tax

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You May Be Able to Write-Off ALL of Your 2018 Assets

The Tax Cuts and Jobs Act (TCJA) allows 100% bonus depreciation for qualified new and used equipment purchased and put into use in 2018.  This means you may be able to write off all of your assets placed in service

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