Blog

Professionals You Need to Contact to Start a Small Business

September 7, 2018

In the small business section of my practice I find that many of my small business clients have started a business by accident.  What I typically see is the owner has a hobby that they enjoy and along the way someone mentions to them that they may be able to make some money by selling … Continue reading “Professionals You Need to Contact to Start a Small Business”

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The Tax Bracket Fallacy

August 17, 2018

After “How do I avoid paying taxes?” The questions I get the most often is related to tax brackets and raises.  There is a common discrepancy between how tax brackets actually work and how many people believe they work.  Many people think that when your amount of your income moves into the next tax bracket … Continue reading “The Tax Bracket Fallacy”

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Items to know about the tax reform Part 3

August 10, 2018

In the first two installments of this series of posts we discussed the standard deduction and personal exemption changes implemented in the next tax plan. Where we left off in the second installment it seemed like the new plan is a bad deal for our example taxpayer. Today we will discuss the ways the taxpayer will come out ahead. We are going to discuss the changes in tax brackets and changes to the child tax credit.

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Items to know about the tax reform Part 2

August 3, 2018

This is a follow up to the previous blog post regarding the changes to the standard deduction in the new tax code. If you haven’t already, I recommend you go back to that post and read it prior to this. In this post we are going to discuss the changes to the personal exemptions which will be relatively short. We will also discuss how this will affect your taxes when considered along with the changes in the standard deduction.

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Items to know about the tax reform Part 1

July 27, 2018

Most of the country is aware by now that President Trump signed into law many changes to the IRS tax code, but what most people don’t understand is what those changes are. As you can tell based on the title, this will be a multi part blog post. Today we will cover the changes to the standard deduction. Our next post will cover changes to the personal exemption and how that pairs with the changes to the standard deduction. If you would like to have a more personal discussion related to the new tax regulations you can contact us set up a meeting (meetings can be conducted in person, over video conferencing, or over the phone) to discuss your personal tax situation.

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