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Monthly Archives: May 2018

6 Cool Ways to Save Taxes during the Hot Summer Months

Posted on May 30, 2018

The Tax Cuts and Jobs Act (TCJA) may have put a crimp in some of your summer plans by eliminating or scaling back certain tax breaks. But individuals and small business owners still have plenty of opportunities to save taxes. Here are six ideas to consider this summer. Host an Outing for Employees Under prior… Continue reading →

Should Your Business Be a C Corporation or a Pass-Through Entity?

Posted on May 18, 2018

The Tax Cuts and Jobs Act (TCJA) introduced a flat 21% federal income tax rate for C corporations for tax years beginning in 2018 and beyond. Under prior law, profitable C corporations paid up to 35%. This change has caused many business owners to ask: What’s the optimal choice of entity for my start-up business?… Continue reading →

Take Advantage of Expanded Tax Breaks for Business Vehicles

Posted on May 9, 2018

The Tax Cuts and Jobs Act (TCJA) expands the first-year depreciation deductions for vehicles used more than 50% for business purposes. Here’s what small business owners need to know to take advantage. Bad News for Employees with Unreimbursed Vehicle Expenses The new tax law isn’t all good news. Under prior law, employees who used their… Continue reading →

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