November 7, 2018
The Tax Cuts and Jobs Act (TCJA) establishes a new federal income tax credit for employers that provide qualifying paid family and medical leave benefits to their employees. This credit is only available for two employer tax years — those beginning between January 1, 2018, and December 31, 2019 — unless Congress extends the deal. Here are some FAQs about this tax break.
November 6, 2018
The Tax Cuts and Jobs Act (TCJA) includes a bevy of important tax changes for individuals and businesses. However, it’s sometimes hard to keep track of which changes are permanent and which are scheduled to expire at the end of 2025 — unless Congress extends them. Here’s a scorecard to help you keep track of the permanent vs. temporary changes as the tax law currently stands.
October 7, 2018
What stage of life are you in? The Tax Cuts and Jobs Act affects everyone a little differently, depending on their specific circumstances. Here are provisions of the law that may be relevant if you are at various milestones, including marriage, new kids, divorce, new homes, death — and even business start-ups.
September 7, 2018
Many companies expect to save money on taxes in 2018, thanks to the Tax Cuts and Jobs Act. But what’s the best way to spend the incremental cash flow? Here’s an overview of key provisions of the tax law that are favorable and unfavorable to businesses. Once a business understands the relevant provisions, management can evaluate spending options using various analytical tools.
August 24, 2018
The new tax law introduces a special deduction for eligible pass-through businesses. The deduction is generally equal to 20% of “qualified business income.” It’s designed to help achieve parity between the reduced corporate income tax rate and the tax rates for business income that passes through to individual owners of sole proprietorships, partnerships, limited liability companies (LLCs) and S corporations. Here are the details.