Uncategorized | Business Management Company

The 2018 gift tax return deadline is almost here

March 12, 2019 / by Jamie Burt / Uncategorized / 0 comments

Did you make large gifts to your children, grandchildren or other heirs last year? If so, it’s important to determine whether you’re required to file a 2018 gift tax return — or whether filing one would be beneficial even if it isn’t required. Filing requirements Generally, you must file a gift tax return for […]

Refine your strategic plan with SWOT

January 30, 2019 / by Jamie Burt / Uncategorized

With the year underway, your business probably has a strategic plan in place for the months ahead. Or maybe you’ve created a general outline but haven’t quite put the finishing touches on it yet. In either case, there’s a time-tested approach to refining your strategic plan that you should consider: a SWOT analysis. Let’s […]

There’s still time to get substantiation for 2018 donations

January 22, 2019 / by Jamie Burt / Uncategorized

If you’re like many Americans, letters from your favorite charities have been appearing in your mailbox in recent weeks acknowledging your 2018 year-end donations. But what happens if you haven’t received such a letter — can you still claim an itemized deduction for the gift on your 2018 income tax return? It depends. Basic requirements […]

What will your marginal income tax rate be?

January 15, 2019 / by Jamie Burt / Uncategorized

While the Tax Cuts and Jobs Act (TCJA) generally reduced individual tax rates for 2018 through 2025, some taxpayers could see their taxes go up due to reductions or eliminations of certain tax breaks — and, in some cases, due to their filing status. But some may see additional tax savings due to their filing […]

2 major tax law changes for individuals in 2019

January 15, 2019 / by Jamie Burt / Uncategorized

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 […]

A refresher on major tax law changes for small-business owners

January 7, 2019 / by Jamie Burt / Uncategorized

The dawning of 2019 means the 2018 income tax filing season will soon be upon us. After year end, it’s generally too late to take action to reduce 2018 taxes. Business owners may, therefore, want to shift their focus to assessing whether they’ll likely owe taxes or get a refund when they file their returns […]

Act soon to save 2018 taxes on your investments

December 19, 2018 / by Jamie Burt / Uncategorized

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 […]

2019 Q1 tax calendar: Key deadlines for businesses and other employers

December 14, 2018 / by Jamie Burt / Uncategorized

Here are some of the key tax-related deadlines affecting businesses and other employers during the first quarter of 2019. 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. January […]

IRS issues standard mileage rates for 2019

December 14, 2018 / by Jamie Burt / Uncategorized

The Internal Revenue Service today issued the 2019 optional standard mileage rates used to calculate the deductible costs of operating an automobile for business, charitable, medical or moving purposes. Beginning on Jan. 1, 2019, the standard mileage rates for the use of a car (also vans, pickups or panel trucks) will be: 58 cents per […]

Family businesses need succession plans, too

December 10, 2018 / by Jamie Burt / Uncategorized

Those who run family-owned businesses often underestimate the need for a succession plan. After all, they say, we’re a family business — there will always be a family member here to keep the company going and no one will stand in the way. Not necessarily. In one all-too-common scenario, two of the owner’s children inherit […]

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