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Solo 401(k) Could Be Your Best Retirement Plan Option

Solo 401(k) Could Be Your Best Retirement Plan Option

Solo 401(k) Could Be YourBest Retirement Plan Option Have you procrastinated about setting up a tax-advantaged retirement plan for your small business? If the answer is yes, you are not alone. Still, this is not a good situation. You are paying income taxes that could...
Eight Changes in the SECURE Act You Need to Know

Eight Changes in the SECURE Act You Need to Know

Eight Changes in the SECURE Act You Need to Know  As has become usual practice, Congress passed some meaningful tax legislation as it recessed for the holidays. In one of the new meaningful laws, enacted on December 20, you will find the Setting Every Community Up for...
Congress Reinstates Expired Tax Provisions

Congress Reinstates Expired Tax Provisions

The big five tax breaks that most likely impact yourForm 1040 Congress let many tax provisions expire on December 31, 2017, making them dead for your already-filed 2018 tax returns. In what has become a much too common practice, Congress resurrected the dead...
Avoiding the Kiddie Tax after Tax Reform

Avoiding the Kiddie Tax after Tax Reform

Avoiding the Kiddie Tax after Tax Reform If your family has trouble with the kiddie tax, you face some new wrinkles for tax years 2018 through 2025 thanks to the Tax Cuts and Jobs Act (TCJA) tax reform. This is one of the many areas where tax planning can pay off. For...
TCJA Tax Reform Sticks It to Business Start-Ups That Lose Money

TCJA Tax Reform Sticks It to Business Start-Ups That Lose Money

TCJA Tax Reform Sticks It to Business Start-Ups That Lose Money The Tax Cuts and Jobs Act (TCJA) tax reform added an amazing limit on larger business losses that can attack you where it hurts—right in your cash flow. And this new law works in some unusual ways that...