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December 19, 2023

Tax Planning: Itemized Deductions

2023 Tax Planning Itemized Deductions There are two ways you can take deductions on your federal income tax return: you can itemize deductions or use the […]
December 12, 2023

Tax Planning: Standard vs Itemized Deductions

Standard vs Itemized Deductions There are two ways you can take deductions on your federal income tax return: you can itemize deductions or use the standard […]
December 5, 2023

Tax Planning: Optional Standard Mileage Rates

Optional Standard Mileage Rates Businesses generally can deduct the entire cost of operating a vehicle for business purposes. Alternatively, they can use the business standard mileage […]
November 15, 2023

Tax Planning: Qualified Opportunity Zones

Tax Planning: Qualified Opportunity Zones The Tax Cuts and Jobs Act includes changes for businesses and individuals. One of these is the creation of the opportunity […]
November 1, 2023

Tax Planning: Basis of Property

Tax Planning: Basis of Property Acquired Under Code Secs 1031 or 1033 In certain types of transactions there are opportunities for taxpayers to defer gain on […]
October 25, 2023

Tax Planning: Meals & Entertainment

Many businesses consider the occasional wining and dining of customers and clients just to stay in touch with them to be a necessary cost of doing […]
October 11, 2023

Tax Planning: Medical & Dental Expenses

Medical expenses can trim taxes. Keeping good records and knowing what to deduct make all the difference. Taxpayers can only claim medical expenses that they paid […]
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