“There is nothing wrong with a strategy to avoid the payment of taxes. The Internal Revenue Code doesn’t prevent that.” – William H. Rehnquist The first mistake is the biggest mistake of all. It’s failing to plan. I don’t care how good you and your tax preparer are with a stack of receipts on April…

Are you confident you’re taking advantage of every available break? Is your tax advisor giving you proactive advice to save on taxes? If you’re like most business owners, your answers are “no,” “no,” and “huh?” And if that’s the case, I’ve got bad news and I’ve got good news. The bad news is, you’re right.…

The U.S. Senate Finance Committee released their proposed tax reform bill, the Tax Cuts and Jobs Act, on November 9th, one week following the House Ways and Means Committee’s release of their original version of the bill, which was revised this week. Click here to read our previous analysis of the House bill on individuals and businesses.

Corporate tax rates: Under current law, federal tax rates on corporate taxable income vary from 15% to 25%.

The Tax Cut and Jobs Act, introduced on November 1, 2017, by the U.S. House of Representatives Ways and Means Committee,

Many business taxpayers fail to deduct otherwise eligible business expenses or fail to fully deduct qualifying business expenses. As a result, millions of dollars are overpaid to the Internal Revenue Service every year. Below is a listing of commonly missed deductions or deductions that you may not be fully utilizing. You may wish to carefully…

Are you getting a history lesson or a plan? To minimize your taxes, you need a plan. You need concepts and strategies that leave more on your bottom line, without raising “red flags” or straying into “gray areas.”