Newsletters

An intrafamily loan is worth careful consideration
Mon, Dec 3, 2018

Intrafamily loans can provide family members with financial support and encourage children to learn financial responsibility, all without diminishing one’s “nest egg.” But there are risks to consider. This article explains how an intrafamily loan should work and what to watch out


Use capital losses to offset capital gains
Mon, Dec 3, 2018

When is a loss actually a gain? When that loss becomes an opportunity to lower tax liability, of course. This article discusses the tried-and-true strategy of using capital losses to counter the potentially costly impact of capital gains.


Accelerating your property tax deduction to reduce your tax bill
Mon, Dec 3, 2018

Smart timing of deductible expenses can reduce tax liability, and poor timing can unnecessarily increase it. One deductible expense that taxpayers may be able to control is their property tax payments. This article examines the prospect of prepaying property taxes that relate to this year so they’re deductible on one’s 2018 taxes.


Is a PTO contribution arrangement right for your business?
Mon, Dec 3, 2018

Many businesses find themselves short-staffed from Thanksgiving through December 31 as employees use, rather than lose, their remaining paid time off (PTO). One way to curtail this dilemma is a PTO contribution arrangement, whereby unused vacation hours are converted to retirement plan contributions. This brief article describes how such an arrangement might work.


Taxable vs. tax-advantaged: Where to hold investments
Thu, Nov 1, 2018

When investing for retirement or other long-term goals, people usually prefer tax-advantaged accounts. But traditional taxable accounts may still make more sense for certain investments. This article discusses the difference between “taxable” and “tax-advantaged” and which vehicles tend to work the best where. A sidebar looks at the categories of rules for dividends.


Is now the time for some life insurance?
Thu, Nov 1, 2018

Many people reach a point in life when buying some life insurance is highly advisable. Once they determine that they need it, the next step is calculating how much they should get and what kind. This article discusses both points.


Getting caught up with the latest catch-up contributions
Thu, Nov 1, 2018

Taxpayers age 50 or older on December 31 of any given year can start making “catch-up” contributions to their employer-sponsored retirement plans by that date. This article serves up reminders regarding the contribution limits for 401(k)s, SIMPLEs and self-employed


Year-end tax strategies for accrual-basis businesses
Thu, Nov 1, 2018

The last month or so of the year offers accrual-basis businesses an opportunity to make some timely moves that might enable them to save money on their 2018 tax bills. This brief article offers a variety of timely tips to consider.


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Archived Newsletters

October's Topics:

Are you a member of the Sandwich Generation?
Avoid penalties by abiding by the NQDC tax rules
DOL has increased scrutiny of defined benefit plans
Catching up with the home mortgage interest deduction
Tax calendar

 

September's Topics:

TCJA draws a silver lining around the individual AMT
How spouse-owned businesses can reduce self-employment taxes
Study up on the tax advantages of a 529 savings plan
When is bartering taxable?

 

August's Topics:

Take note of the distinctive features of Roth IRAs
Assessing your exposure to the estate tax and gift tax
LLC and LLP owners should befriend the PAL rules
Is your company overpaying on sales and use taxes?