Jan 23, 2018 | Blog, Tax Bites
You might be able to deduct home office expenses for 2017 but not 2018. The difference may depend on whether you’re an employee or self-employed.
Jan 16, 2018 | Blog, Tax Bites
It’s the total impact of the TCJA’s reduced tax rates and other changes that will determine whether your tax liability drops for 2018. Changes to the personal exemption, standard deduction and child credit are just the tip of the iceberg.
Jan 9, 2018 | Blog, Tax Bites
At tax filing time, a large tax bill isn’t your only risk. So is tax identity theft. To protect yourself, be speedy.
Jan 2, 2018 | Blog, Tax Bites
Bonus depreciation allows businesses to deduct more of an asset’s cost in the year the asset is placed in service. The new tax law’s enhanced bonus depreciation provision may save tax on your 2017 return.
Sep 4, 2017 | Blog, White Papers
By John “Jack” F. Kiley, CPA, CISP Managing Partner / MidAtlantic IRA, LLC Periodically, the question arises of whether or not you should convert a Traditional IRA to a Roth IRA. Generally, clients must “crunch the numbers” to decide whether or not this makes...
Oct 2, 2014 | Blog, Tax Bites
If you’re considering donating a property to charity, here are some possible tax traps you should be aware of: If you donate real estate to a public charity, you generally can deduct the property’s fair market value. But if you donate it to a private foundation, your...
Sep 4, 2014 | Blog, Tax Bites
Now’s the time of year when many young adults are heading back to college — or to enter their first year of higher education. If you have a grandchild enrolled in college this fall and you’re concerned about gift and estate taxes, you may want to consider paying some...
Sep 4, 2014 | Blog, Tax Bites
An employer enjoys several advantages when it classifies a worker as an independent contractor rather than as an employee. For example, it isn’t required to pay payroll taxes, withhold taxes, pay benefits or comply with most wage and hour laws. However, there’s...