Your tax-time financial review

Now is the perfect time to review your financial affairs. You have to gather information to prepare your tax return at this time. Why not take one more step and do something positive for the well-being of your wallet?

The following suggestions will help you with your financial review.
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Overview of Tax Cuts and Jobs Act (TCJA)

The recently enacted Tax Cuts and Jobs Act (TCJA) is a sweeping tax package. Here’s a look at some of the more important elements of the new law that have an impact on individuals and a significant new tax deduction for individuals with “qualified business income,” from a partnership, S corporation, LLC, or sole proprietorship sometimes referred to as “pass‐through income.” Unless otherwise noted, the changes are effective for tax years beginning in 2018 through 2025.

Overview of TCJA December 2017

2017 Year End Tax Planning Newsletter

Attached to this post you will find our 2017 year end tax planning newsletter. You’ll notice we’ve added more content this year to include articles not only for individuals, but business and financial tax planning information as well. We hope you find it useful and if you have any questions or concerns, please call or send us an email.

We will update you on any new tax act information that comes out of Washington when it happens.

Warmest wishes for a safe and happy holiday.

YE Tax Letter 2017

Your business year-end health check

Business owners and managers spend most of their time monitoring operations and dealing with everyday problems. But just as an annual checkup from your doctor helps monitor and manage your personal health, an annual checkup can do the same for your business. Here are seven checkup tasks that you should make time to do every year. These are important for your long-term business health and personal success:
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Your receipts are important: save them

Deduction opportunities abound for people who know the importance of saving their receipts and keeping proper documentation. Make sure you’re taking the right steps to make qualified deductions during filing season.
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