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- July 14, 2021
A Guide to the Qualified Business Income Deduction
In 2017, there were major changes to tax law. The Tax Cuts and Jobs Act included reductions in tax rates for businesses and individuals, increasing the standard deduction and family tax credits, eliminating personal exemptions, and making it less beneficial to itemize deductions, limiting deductions for state and local income taxes and property taxes. With […]
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- July 7, 2021
What You Can Deduct from IRS, State, and Local Taxes
When filing your taxes there are many ways to reduce your tax bill or ways to get yourself a bigger refund. This can happen using different credits and deductions that are available. This article will discuss different tax deductions that can be used on your tax return to reduce your taxable income. I will start […]
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- June 14, 2021
Small Business Tax Planning
When starting a new business there are many things that need to be learned to run your business correctly. One thing that you will learn quickly is that filing taxes for a business is much more complex than filing taxes for an individual. As a tax professional, I would always recommend hiring a tax professional […]
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