Trim Your Tax Bill: Three Last-Minute Tips

Good news — there is still time to reduce your 2019 tax liability. Here are three strategies that may help you cut your taxes before year-end: 1. Accelerate deductions/defer income. […]
Read MoreGood news — there is still time to reduce your 2019 tax liability. Here are three strategies that may help you cut your taxes before year-end: 1. Accelerate deductions/defer income. […]
Read MoreThe IRS has issued new guidance updating the rules for using optional standard mileage rates when calculating “above-the-line” deductions for the costs of operating an automobile for certain purposes. IRS […]
Read MoreMany manufacturers take advantage of the federal income tax credit for increasing research activities, more commonly referred to as the “R&D credit.” Enacted back in 1981, the R&D credit was […]
Read MoreAt this time of year, many business owners are trying to do what they can to save tax for the year. Under current tax law, there are two valuable depreciation-related […]
Read MoreIf you are thinking about converting a C-Corporation to an S-Corporation there are several issues that must be taken into consideration before making the election. Although S-corporations can provide substantial […]
Read MoreAre you 70 ½ or older and charitably minded with investments in an IRA? With fewer taxpayers itemizing because of the doubling of the standard deduction, using your required minimum […]
Read MoreDuring the first tax-filing season under the Tax Cuts and Jobs Act (TCJA), many businesses wrestled with how the law’s sweeping changes would impact their bottom lines. Before the beginning […]
Read MoreAchieving a Better Life Experience (ABLE) account is a tax-free account that can be used for expenses related to disability without losing eligibility for government benefits. ABLE accounts can be […]
Read MoreAs the year comes to a close, it is important to review options that are available to lower your tax burden. One easy way to adjust your taxable income for […]
Read MoreYou can reduce taxes and save for retirement by contributing to a tax-advantaged retirement plan. If your employer offers a 401(k) or Roth 401(k) plan, contributing to it is a […]
Read MoreTo appeal or not to appeal: that is the question. Medicare cost report appeals can be extremely profitable, but which issues are worth the time and effort to appeal? Without […]
By Rick Shields, CPA, Principal at Blue & Co. One of the issues not-for-profits must address is how to raise funds while also properly reporting the associated costs for donor […]
By Amy Sandlin, CPA, Tax Quality The Internal Revenue Service (IRS) announced significant tax relief for individuals and businesses in Kentucky affected by severe storms, straight-line winds, flooding, and landslides […]