A tried-and-true year end tax strategy is to make charitable donations. As long as you itemize and your gift qualifies, you can claim a charitable deduction. But did you know that you can enjoy an additional tax benefit if you donate long-term appreciated stock instead of cash? 2 benefits from 1 gift Appreciated publicly traded […]
Business Tax Tips: Are entertainment expenses no longer allowed for businesses? Is it time to reexamine your officers’ payroll? If you are in business you are asking these questions and more. I have attached our Small Business Owners Tax Tips to answer some of these questions. Small Business Owners Tax Tips Individual Tax Tips: With […]
For certain employers, particularly small businesses, introducing a retirement plan for employees may seem like a daunting task. The company owner may feel that providing a full-blown 401(k) plan is his or her only choice, but that’s far from true. There are other options to consider that are relatively easier to administer and usually less […]
Some of your medical expenses may be tax deductible, but only if you itemize deductions and have enough expenses to exceed the applicable floor for deductibility. With proper planning, you may be able to time controllable medical expenses to your tax advantage. The Tax Cuts and Jobs Act (TCJA) could make bunching such expenses into […]
You’ve spent years building your company and now are ready to move on to something else, whether launching a new business, taking advantage of another career opportunity or retiring. Whatever your plans, you want to get the return from your business that you’ve earned from all of the time and money you’ve put into it. […]
Because of the Tax Cuts and Jobs Act Tax Reform Missouri had updated their withholding tables in March, 2018. The Missouri DOR has continued to monitor updates and identified that they needed to make a subsequent adjustment to the withholding tables. The Missouri DOR is asking all employees to review their MO W-4 to ensure […]