Business Meals Clarification

The Internal Revenue Service issued preliminary guidance to clarify the deduction of business meals while entertaining clients and customers. Read more here for some additional information.

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7 Tax Free HSA Distributions

We recently came across an article from Ed Slott and Company that may be of interest to you. Health Savings Accounts (HSA) are quite popular these days with their tax free growth and distributions. This article focuses on 7 tax-free HSA distributions that you may not have been aware of.

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New Per Diem Rates

The Internal Revenue Service has released the 2018-2019 per diem rates for substantiating employee business expense for lodging, meals, and incidental expenses while traveling away from home. Click here for more information and a great search feature to help you as we approach the end of the year.

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2018 Kiddie Tax changes

As we have mentioned in other articles we have sent out, the Tax Cuts and Job Act (TCJA) has made changes to the Kiddie Tax rules for tax years 2018 through 2025. Read more about the specific changes here.

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Tax reform to impact every age group

Now that the extension season is coming to a close, a lot of our clients are looking to tax plan for 2018 and even more so this year with the tax reform changes. The new tax law will impact all age groups, young and old. Check out this article for more.

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HSA benefits for retirement

With many employers offering high deduction health insurance plans with a Health Savings Account (HSA), taxpayers see these accounts as a tax-free benefit to pay for out-of-pocket medical expenses. Read more about them here.

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529 Plans

Many taxpayers consider establishing a 529 Plan when their children or grandchildren are born to start saving for college. Read more here about what you should consider when doing so.

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Tax Reform for your Business

President Trump promised, when he was on the campaign trail, that he would push for tax reform legislation. On Dec, 22, 2017, he signed The Tax Cuts and Jobs Act into law, the first major tax reform in 31 years. There are many changes that will affect your business. See more here.

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