2019 Q1 tax calendar: Key deadlines for businesses and other employers

Here are some of the critical tax-related deadlines affecting other employers and businesses during the first quarter of 2019. Consider that this list is not all-inclusive, so there may be additional deadlines that apply to you. To learn more about the filing requirements and to ensure you are meeting all applicable deadlines, contact us. January … [Read more…]

Does prepaying property taxes make sense anymore?

Prepaying property taxes related to the current year but due the following year has been a popular and effective year-end tax-planning strategies. However, does it still make sense in 2018? For some people, yes—hastening this expense will increase their itemized deductions, decreasing their tax bills. However, for many, mainly those in high-tax states, changes made … [Read more…]

Mutual funds: Handle with care at year end

As 2018 comes to a close, it’s beneficial to review the mutual fund holdings in your taxable accounts and plan ways to avoid potential tax traps. Avoid surprise capital gains. Unlike with stocks, you cannot avoid capital gains on mutual funds by merely holding on to the shares. Funds typically most, if not all distribute … [Read more…]

Consider all the tax consequences before making gifts to loved ones

<h2 style="text-align: left; color: #14a73c; font-size: 26px;"> Consider all the tax consequences before making gifts to loved ones</h2>

Many people choose to pass assets to the next generation during life, whether to reduce the size of their taxable estate, to help out family members or simply to see their loved ones enjoy the gifts. If you’re considering lifetime gifts, be aware that which assets you give can produce substantially different tax consequences. Multiple types of … [Read more…]

Tax-free fringe benefits help small businesses and their employees

In today’s tightening job market, to attract and retain the best employees, small businesses need to offer not only competitive pay, but also appealing fringe benefits. Benefits that are tax-free are especially attractive to employees. Let’s take a quick look at some popular options. Insurance Businesses can provide their employees with various types of insurance … [Read more…]