2018 Tax Reform Archives

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Blog Archives

Bunching Itemized Deductions

Reading Time: 3 minutes With the year about to end, it is the perfect time for the ever-nagging question to occur to most taxpayers. Is there some way that

December 2, 2019 No Comments

Absolutely Easy Tax Rules About Selling Business vehicle

Reading Time: 4 minutes Have a business vehicle you want to sell? Don’t make a move until you look into all the tax rules that you’ll need to follow when

August 1, 2019 No Comments

Important Tax Elections To Help Reduce Your Tax

Reading Time: 4 minutes Even though tax rules are fixed, there is some flexibility when it comes to certain important tax elections. In some situations, you’ll have a choice

February 25, 2019 No Comments

Comparison of 2019 Tax Brackets Vs 2018 Tax Brackets

Reading Time: 2 minutes The 2019 tax brackets in comparison to 2018 tax brackets increased around 2% due to indexing. The new tax law passed in 2017 maintains the 10% tax

January 16, 2019 No Comments

New Rules For Writing Off Business Equipment and Vehicles

Reading Time: 3 minutes The Tax Cuts and Jobs Act of 2017 made various changes that prove to be favorable while deducting business equipment and vehicles. Section 179 and

May 24, 2018 No Comments

Should You Incorporate or Not Under New Tax Law?

Reading Time: 3 minutes Since the introduction of the new tax laws, many of our clients and future clients are thinking whether to incorporate or not under new tax

May 17, 2018 No Comments

2018 Tax Reform – Business Interest Deduction, Net Operating Loss, 1031 Exchange, Meals and Entertainment

Reading Time: 3 minutes The tax reform bill passed by the United States Congress known as the Tax Cuts and Jobs Act, impacts Business Interest Deduction, Net Operating Loss,

January 18, 2018 No Comments

2018 Tax Reform – New Tax Rates for businesses, Qualified business deduction, depreciation rates and accounting methods

Reading Time: 3 minutes The tax reform bill passed by the United States Congress known as the Tax Cuts and Jobs Act, majorly impacts tax rates for corporation and

January 11, 2018 No Comments

2018 Tax Reform and Section 199A – Impact on Small and Pass-through business

Reading Time: 3 minutes Under the new Tax Cuts and Jobs Act, pass-through business owners can claim a 20% deduction on the “qualified business income” conditional to certain criteria

January 11, 2018 2 Comments

Comparison of 2018 New Tax Brackets Vs 2017 Old Tax Brackets

Reading Time: 2 minutes One of the most important aspects of the Tax reform passed by the United States Senate is the change in tax brackets among others for

January 5, 2018 2 Comments

2018 Tax law update for Individuals

Reading Time: 3 minutes Let’s now look at some of the other specific reforms brought about by the Act for the individual tax payer: Changes to the Alternative

January 4, 2018 No Comments

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