The Tax Cuts and Jobs Act made some significant changes for businesses, including lower corporate tax rates, provisions for pass-through entities, expanded Section 179 expensing and bonus depreciations, and provisions for foreign income. We explain in this week’s Business Tip.
In Today’s Marietta Daily Journal, Bil Lako, CFP®, explains the changes to the Kiddie Tax that discourages parents from shifting income-producing assets to a child. Read the Article
Indices closed considerably lower on Thursday. Industrials, financials and technology brands led decliners. The Dow and S&P 500 entered correction territory as concerns of rising interest rates and volatility impacted markets.
With the late passage of the Tax Cuts and Jobs Act, the IRS is scrambling to update withholding tables for employers. Keep an eye on your net pay. If the change is too radical you could end up owing tax. We explain in this week’s Tax Tip.
Indices landed in green territory on Tuesday. Brands such as Home Depot and DowDuPont led advancers on the Dow while companies such as Travelers and Exxon Mobil traded lower. Stocks rebounded on a variety of economic news.
529 Plan account owners can now transfer funds without federal tax consequences from a 529 plan to an ABLE account, a tax-advantaged account for disability-related expenses for individuals who become blind or disabled before age 26. We explain in this week’s Financial Tip.
Indices closed well into red territory on Monday. Exxon Mobil led the Dow’s 4.6% downswing on a drop in oil prices.
Indices closed trading considerably lower on Friday. The Dow dropped 666 points. Energy and technology stocks led the downswing. Brands such as Apple, Alphabet and Intel sold off despite the release of respectable employment data for January.
In today’s Marietta Daily Journal, Bil Lako, CFP® explains how businesses can upgrade their equipment and take a much larger tax write-off in 2018. Read the Article