Be aware of the tax consequences before selling your home

Home Sales

In many parts of the country, summer is peak season for selling a home. If you’re planning to put your home on the market soon, you’re probably thinking about things like how quickly it will sell and how much you’ll get for it. But don’t neglect to consider the tax consequences. Home sale gain exclusion […]

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2018 Q2 tax calendar: Key deadlines for businesses and other employers

2nd Qtr 18

Here are some of the key tax-related deadlines affecting businesses and other employers during the second quarter of 2018. Keep in mind that this list isn’t all-inclusive, so there may be additional deadlines that apply to you. Contact us to ensure you’re meeting all applicable deadlines and to learn more about the filing requirements. April […]

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A few changes in the 2018 tax bill might encourage some action now.

Tax return check

There are a number of changes in the 2018 tax bill that just passed.  We will be sending out more information as we get all of the details over the next few days, weeks and months.  However a few of the changes might impact what you do this year. 1.Tools Deduction: If you have traditionally […]

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Happy Thanksgiving

Happy Thanksgiving

All of us at BMC would like to wish all of you a very Happy Thanksgiving.  We are very thankful that you have trusted us with your business.

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Thank You Veterans

Thank You Veterans

Happy Birthday to our Marine Corp. and a huge THANK YOU to all Veterans and service members.  Thank you for defending this freedom that we so easily take for granted.  Thank You that we can wake up each morning to the sounds of nature or city, and not bombs and gunfire.  Thank  you that we […]

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Pay attention to the details when selling investments

Selling Investments?

The tax consequences of the sale of an investment, as well as your net return, can be affected by a variety of factors. You’re probably focused on factors such as how much you paid for the investment vs. how much you’re selling it for, whether you held the investment long-term (more than one year) and […]

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Want to save for education? Make 2017 ESA contributions this year.

ESA

There are many ways to save for a child’s or grandchild’s education. But one has annual contribution limits, and if you don’t make a 2017 contribution by December 31, the opportunity will be lost forever. We’re talking about Coverdell Education Savings Accounts (ESAs). How ESAs work With an ESA, you contribute money now that the […]

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