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Posts from December, 2018

  • Insurance and Other Medical Tax Deductions With the introduction of the Tax Cuts and Jobs Act, many taxpayers are wondering how it will affect the tax deductibility of their medical items – like insurance. Largely, the new tax bill has left these deduction as they were, albeit perhaps harder to take the itemized ... Continue Reading
  • Benefits to Hiring a Bookkeeper When most of us think about running our business, we think about the fun things like product development, marketing and customer outreach. For most business owners, the idea of accounting is, to say the least, not exciting. We know we need it, and moreover, we love to do ... Continue Reading
  • What Qualifies as a Business Deduction? You had a great idea and now you’ve put it in motion as a business. And while income recognition is easy to determine, qualified business deductions can be a bit harder. So… what are the most common tax deductions for small businesses? Any materials you utilize for marketing ... Continue Reading
  • 1031 Exchange Overview It used to be that the term “ Section 1031 Exchange ” or even “Like-Kind Exchange” was uncommon except in certain circles. But as the idea of tax strategies have reached more and more taxpayers coupled with the housing market’s fluctuation in recent years, 1031s have become ... Continue Reading