After a challenging stretch, small businesses are beginning to show signs of recovery. Earnings have climbed 75% since January, a sign that things are moving in the right direction. Still, revenues haven’t yet caught up to the stronger numbers we saw in the past...
TCJA
Trump’s Second Term: Potential Tax Changes That Could Impact Your Finances
Tax policy is poised to take center stage in the coming year as the expiration of the 2017 Tax Cuts and Jobs Act (TCJA) approaches in 2025. Enacted as the most comprehensive tax reform in 30 years, the TCJA introduced sweeping changes impacting both individual and...
Year-End Tax Planning in the TCJA Era
The sweeping piece of legislation known as the Tax Cuts and Jobs Act (TCJA) provided a steep learning curve last year, and while it still remains complicated, having some experience under our belts has us better prepared to tackle taxes in the TCJA era. Below is a...
How to Put Your Tax Refund Toward Retirement
If you’re receiving a tax refund this year, cut the temptation for a spending spree and use that money in a way to help grow your nest egg for future years. It might not seem as glamorous as, say, splurging on an exotic getaway, but focusing on long-term strategies will prove more fulfilling in the […]
Last Minute Tips for Tax Season Mania
Tax season is officially upon us, and the April 15 deadline is swiftly approaching. If you’re a tax procrastinator, it’s time to buck up and get down to business / get to work. Rest assured you won’t be alone. One in seven Americans wait to file taxes until the week leading up to the deadline. […]
Figuring Out the New 199A Deduction
If section 199A is entirely new to you, don’t worry! The Internal Revenue Service (IRS) released a new document earlier this month that breaks down some of the new specifics around the rules created for section 199A. In short, this complex section refers to a part of the tax code that mentions a newly created […]
Insights on Homeownership After the TCJA
In recent years, people have flocked towards homeownership instead of continuing to rent. With home values and rents on the rise, homeownership has become more appealing! In the past, one of the many perks of homeownership has been the tax savings that homeowners typically receive. However, under the Tax Cuts and Jobs Act of 2017 […]
