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2 major tax law changes for individuals in 2019

By |2019-01-09T21:25:43+00:00January 9th, 2019|Latest News|

While most provisions of the Tax Cuts and Jobs Act (TCJA) went into effect in 2018 and either apply through 2025 or are permanent, there are two major changes under the act for 2019. Here’s a closer look. 1. Medical expense deduction threshold With rising health care costs, claiming whatever tax breaks related to health

4 business functions you could outsource right now

By |2019-01-09T21:23:01+00:00January 9th, 2019|Latest News|

One thing in plentiful supply in today’s business world is help. Orbiting every industry are providers, consultancies and independent contractors offering a wide array of support services. Simply put, it’s never been easier to outsource certain business functions so you can better focus on fulfilling your company’s mission and growing its bottom line. Here are

A review of significant TCJA provisions impacting individual taxpayers

By |2019-01-02T22:32:14+00:00January 2nd, 2019|Latest News|

Now that 2019 has begun, there isn’t too much you can do to reduce your 2018 income tax liability. But it’s smart to begin preparing for filing your 2018 return. Because the Tax Cuts and Jobs Act (TCJA), which was signed into law at the end of 2017, likely will have a major impact on

Economic damages: Recovering what was lost

By |2019-01-02T22:29:36+00:00January 2nd, 2019|Latest News|

A business can suffer economic damages arising from a variety of illegal conduct. Common examples include breach of contract, patent infringement and commercial negligence. If your company finds itself headed to court looking to recover lost profits, diminished business value or both, it’s important to know how the damages might be determined. What methods are

You may be able to save more for retirement in 2019

By |2018-12-27T20:08:29+00:00December 27th, 2018|Latest News|

Retirement plan contribution limits are indexed for inflation, and many have gone up for 2019, giving you opportunities to increase your retirement savings: •Elective deferrals to 401(k), 403(b), 457(b)(2) and 457(c)(1) plans: $19,000 (up from $18,500) •Contributions to defined contribution plans: $56,000 (up from $55,000) •Contributions to SIMPLEs: $13,000 (up from $12,500) •Contributions to IRAs:

Make sure the price is right with market research

By |2018-12-27T20:03:33+00:00December 27th, 2018|Latest News|

The promise of the new year lies ahead. One way to help ensure it’s a profitable one is to re-evaluate your company’s pricing strategy. You need to devise an approach that considers more than just what it cost you to produce a product or deliver a service; it also must factor in what customers want

Do your long-term customers know everything about you?

By |2018-12-27T20:05:48+00:00December 27th, 2018|Latest News|

A technician at a mobility equipment supplier was servicing the motorized wheelchair of a long-time customer and noticed it was a brand-new model. “Where did you buy the chair?” he asked the customer. “At the health care supply store on the other side of town,” the customer replied. The technician paused and then asked, “Well,

Act soon to save 2018 taxes on your investments

By |2018-12-18T21:29:11+00:00December 18th, 2018|Latest News|

Do you have investments outside of tax-advantaged retirement plans? If so, you might still have time to shrink your 2018 tax bill by selling some investments ― you just need to carefully select which investments you sell. Try balancing gains and losses If you’ve sold investments at a gain this year, consider selling some losing

Year-end tax and financial to-do list for individuals

By |2018-12-18T21:27:05+00:00December 18th, 2018|Latest News|

With the dawn of 2019 on the near horizon, here’s a quick list of tax and financial to-dos you should address before 2018 ends: Check your FSA balance. If you have a Flexible Spending Account (FSA) for health care expenses, you need to incur qualifying expenses by December 31 to use up these funds or

Getting ahead of the curve on emerging technologies

By |2018-12-18T21:24:41+00:00December 18th, 2018|Latest News|

Turn on your computer or mobile device, scroll through Facebook or Twitter, or skim a business-oriented website, and you’ll likely come across the term “emerging technologies.” It has become so ubiquitous that you might be tempted to ignore it and move on to something else. That would be a mistake. In today’s competitive business landscape,