The tax reform law didn’t outlaw business losses. It just limits your losses. Excess losses are treated as a net operating loss (NOL) and carried forward to the next year’s return. We explain in this week’s Tax Tip.
As it is prime tax season, Chief Investment Officer Troy Harmon, CFA, CVA is joined by Principal Jennifer J. Thomas, CFP®, and Managing Associate K.C. Smith, CFP®, to discuss some of the many devious scams that thieves are using, capitalizing on the common fear of the IRS. They also provide some tips to how to really know when it is the IRS contacting you.
Small businesses have several options for deducting the purchase of equipment on their taxes. Which one do you choose? Depends on how big of a deduction is needed, and when. We explain in this week’s Business Tip.
Those who track mileage for work will be glad to know the IRS adjusted the 2018 standard mileage rate for inflation. Read more in this week’s Tax Tip.
With the Tax Cuts and Jobs Act, the deduction limit for Section 179 doubles to $1,000,000 for property placed into service after Dec. 31, 2017. For businesses, this is a robust benefit that is likely to stimulate additional growth, as it provides an immediate tax benefit for businesses that purchase anywhere from $1 to $2,500,000 worth of…
Hosts Bil Lako, CFP®, and Troy Harmon, CFA, CVA, are joined by our Chief Economic Adviser, Roger Tutterow, Ph.D., and delve into a discussion on how the Tax Cuts and Jobs Act changes for businesses and corporations may affect the economy. They discuss how companies may take advantage of corporate tax rates, the repeal of corporate AMT, the reduced tax rate for repatriated profits, and accelerated depreciation.
In today’s Marietta Daily Journal, Bil Lako, CFP®, explains the changes the Tax Cuts and Jobs Act made to Alternative Minimum Tax. Read the Article
Business owners: Read nine key ways to create an effective budget that can spur and guide the growth of your company in this week’s Business Tip.
With the Tax Cuts and Jobs Act, Congress has yanked the rug out from under those with equity debt on their homes. (It’s no longer deductible!) We explain in this week’s Tax Tip.
If you are subject to AMT, you may see your AMT calculations more closely resemble your standard tax liability calculations because of the changes to how your standard tax liability is calculated and the higher exemptions for AMT. Read the Article on Sean Hannity’s website This article is for demonstrative and academic purposes and is…
