Tax Day, April 17, has come and went. How did you do? With the signing of the Tax Cuts and Jobs Act, due diligence should be a forethought versus an afterthought. Below are best practices most taxpayers should consider: Implement processes to preserve your important documents. There is a...
What does your income tax return say about your finances? Many taxpayers may respond, “great question.” Then we may hear crickets (silence) sort of speak. Let this not be your response. With the enactment of the Tax Cuts and Jobs Act, we have a new...
The education of young people is a debated topic within our society. The Tax Cuts and Jobs Act authorized 529 plans (e.g., prepaid tuition) to pay for tuition for K-12 like private and religious schools. Parents will use this opportunity to send their kids to...
Have you heard the phrase “it would take an act of Congress” to get something changed? Well, Congress acted in December 2017 and passed the Tax Cuts and Jobs Act. Most taxpayers such as individuals and businesses are affected by this legislation. Below are three tax law changes that...
Happy Fall! Fall is a gorgeous season filled with color. Fall is a feel-good season. Similarly, success feels good. But, success means different things to different people and this is okay. Success is a sought-after goal. Success can be a feeling and a performance. Success...
Have you ever felt like it’s a lot of things to do but not enough time to do them? Time does not make a commitment to us; but, we can use some time to work toward the completion of our goals. This a direct, heavy...