On June 13, the Federal Reserve announced a hike in interest rates by a quarter-point, from 1.75 to 2 percent. This marks the second increase in 2018, and two more increases were suggested for later this year, with the central bank projecting an increase in the federal funds rate to 2.4 percent by the end […]
Brian Brammer
Top 10 Tax Deductions for Self-Employed Individuals
If you’re a freelancer, independent contractor, sole proprietor, or small business owner, you might be wondering how the implementation of the Tax Cuts and Jobs Act will affect you come tax season. With this in mind, below is a list of the top 10 tax deductions effective for this year. Qualified Business Income (QBI) Deduction […]
How Small Businesses Can Learn a Successful Mentality from Notable Entrepreneurs
Success Mentality: What Small Businesses Can Learn from Some of the World’s Most Notable Entrepreneurs If you’re looking for success and longevity in your business, whether you have just the spark of an idea or you’re already in the thick of things, where better to look for inspiration and advice than some of the most […]
How the New Tax Laws Affect Small Businesses
As a small business, you may always feel anxious around tax time, wondering if you paid your estimated taxes correctly, unsure if you will owe or receive a refund this year. With the passage of the Tax Cuts and Jobs Act, this tax season may seem even more uncertain as to how your bottom line […]
How Section 179 Can Save Your Small Business Big Money
If you own a small business, you understand the value of being smart with your finances, particularly when it comes to searching for qualifying tax breaks. If you’re not familiar with Section 179 of the tax code, then you could be missing out on some major benefits for your business. Section 179 essentially allows businesses […]
Will the Tax Cuts and Jobs Act Affect Your Business?
There has been much discussion around how the new tax laws will affect individual taxpayers and families of all income levels, but what about small businesses, startups and corporations? Individual taxpayers will see a decrease in their income tax rate, a doubling of the standard deduction, a reduction of itemized deductions and changes to elder […]
IRS Releases Updated Withholding Tables for 2018
As anticipated, the IRS has released the first of several steps to update withholding accuracy in light of the passage of the new tax legislation last month. On January 11, the IRS announced the release of updated withholding tables for employers to follow in Notice 1036. The new withholding tables have been designed to reflect […]
