Five Strategies for Dealing with a Business Loss

If you have a bad year in your business, the new net operating loss (NOL) rules are designed to stop you from using your business loss to find some immediate cash. The new (let’s call them bad-for-you) rules certainly differ from the prior beneficial rules.   Old...

Tax Reform: Entity Choice- Proprietorship or S Corporation?

If you are a high earner AND not in the out-of-favor specified service trade or business group, you may want to consider operating as an S corporation to qualify for the new Section 199A 20 percent tax deduction. If you currently file as a Schedule C taxpayer because...

Save more for retirement in 2019

Get ready to save more for retirement in 2019! IRAs are bumped up to $6,000 and 401(k) type plans are at $19,000 in 2019. Catch-up contribution limits are unchanged. Happy saving!   We specialize in helping clients clarify their taxes so they keep more of their...