Category: Timely Articles
Many businesses will pay less federal income taxes in 2018 and beyond, thanks to the Tax Cuts and Jobs Act (TCJA). Some will spend their tax savings on merging with or acquiring another business. Before you jump on the M&A bandwagon, … Read More »
Timely Articles. Comments Off on Making Smart Mergers and Acquisitions under Today’s Tax Law
For many small business owners, their ownership interest is one of their biggest personal assets. What will happen to your ownership interest if you get divorced? In many cases, your marital estate will include all (or part) of your business interest.
Sometimes, … Read More »
Timely Articles. Comments Off on Tax Issues to Consider When Small Business Owners Get Divorced
Are you considering buying a new plug-in electric vehicle or a plug-in electric-gas hybrid vehicle? There is good and bad news about the tax credits and other cost-saving benefits available on these vehicles.
The good news is that the Tax Cuts and Jobs … Read More »
Timely Articles. Comments Off on Electric Vehicle Tax Credit: You Can Still Save Greenbacks for Going Green
States may force online retailers to collect potentially billions of dollars in sales taxes, the U.S. Supreme Court said in a major ruling on Thursday, that undercut an advantage many e-commerce companies have enjoyed over brick-and-mortar rivals.
The justices overturned a … Read More »
Regardless of the season, travel brings photo opportunities that are prime for posting on Facebook, Twitter, Instagram and other social media platforms. But fraud-savvy people think twice before engaging in what’s known as “instabragging.” Here are examples of what could … Read More »
The IRS is always skeptical when individual taxpayers claim deductions for bad debt losses. Why? Losses from purported loan transactions often fail to meet the tax-law requirements for bad debt loss deductions.
For example, a taxpayer might try to write off … Read More »
Definitions of the millennial generation vary, but basically these are people who, today, range from 20 to 36 years old. Their distinctive characteristics are attributed to two primary factors:
Most were raised by highly attentive baby boomer parents, and
Instant communication via electronic … Read More »
Robert Hoberman authored the article, “Making the Most of Memos,” which was published in the February 2018 issue of Rapaport Magazine. You can download or read the article here.
Consignment can be a lucrative arrangement for jewelers, as long as both … Read More »
Most employers believe their employees expect to work past age 65. A recent survey by the Transamerica Center for Retirement Studies states that one reason for staying on the job longer is that so many older workers experience a shortfall of … Read More »
Are you age 50 or older? If so, you can currently make extra “catch-up” contributions to certain types of tax-favored retirement accounts. Over time, these contributions can make a significant difference in your retirement-age wealth.
What about tax reform? After … Read More »