Monthly Archives: December 2018

2018 Year-End Tax Planning for Business

By |2018-12-04T16:01:16+00:004th December, 2018|Business, Tax|

As year-end approaches, each business should consider the many opportunities that might be lost if year-end tax planning is not explored. A business may want to consider several general strategies, such as use of traditional timing techniques for delaying income recognition and accelerating deductions. A business should also consider customized strategies tailored to its particular [...]

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2018 Year-End Tax Planning for Individuals

By |2018-12-04T16:18:49+00:003rd December, 2018|Individual|

Year-end 2018 sees the end of the first year of the Tax Cuts and Jobs Act (TCJA), the most significant tax legislation in the Unites States in more than 30 years. While one of the claimed benefits of tax reform was the simplification of filing and the lowering if income tax rates, there are still [...]

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Child Tax Credit

By |2018-12-04T16:41:26+00:002nd December, 2018|Individual|

The enhanced child tax credit has been highlighted as one of the provisions of the Tax Cuts and Jobs Act designed to lower overall tax liability for middle-class families. The child tax credit is temporarily increased from $1,000 to $2,000 per qualifying child for tax years 2018 through 2025. As much as $1,400 of that [...]

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