2017 Tax Insights

The New Tax Brackets

Many of my clients have asked about the new tax brackets-here they are!! For Single Filers New Rate.    New Income Tax Bracket.    Old Rate.    Old Bracket 10%.     up to $9,525. ... (continued)

Tax Cuts & Jobs Act–Highlights of New Tax Bill

POLICY HIGHLIGHTS The Tax Cuts and Jobs Act (H.R. 1) overhauls America’s tax code to deliver historic tax relief for workers, families and job creators, and revitalize our nation’s economy. By lowering taxes across the board, eliminating costly special-interest tax breaks, and modernizing our international ... (continued)

December- Monthly Newsletter

25 Dec December- Monthly Newsletter Posted at 20:00h Business Deductions by MF ... (continued)

Rental Real Estate- Here’s 6 Ways to Turn Losses On Immediately

04 Dec Rental Real Estate- Here’s 6 Ways to Turn Losses On Immediately Posted at 22:11h Business Deductions by MF ... (continued)

Tax Strategies for Your Stock Portfolio

23 Nov Tax Strategies for Your Stock Portfolio Posted at 16:37h Uncategorized by MF ... (continued)

Year- End Tax Strategies Continued

20 Nov Year- End Tax Strategies Continued Posted at 00:53h Individual Tax by MF ... (continued)

Year End Strategies for Retirement & Medical Deductions

09 Nov Year End Strategies for Retirement & Medical Deductions Posted at 12:21h Uncategorized by MF ... (continued)

Here’s 4 More Year End Tax Strategies

The end of the year is approaching, so now is the time to utilize last-minute strategies to lower your tax bill. Here are four tax-deduction strategies that apply if you are getting married or divorced, have children who did or could work in your ... (continued)

5 More Last Minute Tax deductions for 2017

04 Nov 5 More Last Minute Tax deductions for 2017 Posted at 23:40h Business Deductions by MF ... (continued)

S Corps-Time to Update Health Insurance Plan?

02 Nov S Corps-Time to Update Health Insurance Plan? Posted at 12:12h Business Structuring by MF ... (continued)

5 Year-End Tax Planning Strategies

As the end of the year approaches, it’s a good time to think of planning moves that will help lower your tax bill for this year. One strategy that will provide big tax deductions is purchasing a vehicle.  If you’re looking for a replacement ... (continued)

The 2 Car Strategy to Increase Your Tax Deductions

24 Oct The 2 Car Strategy to Increase Your Tax Deductions Posted at 18:40h Business Deductions by MF ... (continued)

Let’s Revisit Health Savings Accounts (HSA)

01 Oct Let’s Revisit Health Savings Accounts (HSA) Posted at 12:02h Uncategorized by MF ... (continued)

It’s OK to Gamble This Way?

Most people gamble periodically. Rule 1- Your Winnings are taxable. Your income from gambling is taxable, and is reported to the IRS on Form W-2G. Rule 2- Keep records of your losses. You are allowed to offset your gambling winnings with your gambling losses-however, the IRS ... (continued)

Are You Aware of This 1-2 Tax Strategy?

02 Aug Are You Aware of This 1-2 Tax Strategy? Posted at 14:36h Business Deductions by markadmin ... (continued)

Are You Aware of This 1-2 Tax Strategy?

25 Aug Are You Aware of This 1-2 Tax Strategy? Posted at 13:49h Uncategorized by the215guys ... (continued)

Warning! The IRS is Now Outsourcing Tax Debts

The IRS is using 4 private collection agencies to collect inactive tax receivables. If you nor the IRS has taken any recent actions to resolve your tax debts, the IRS may assign your case to one of these agencies. Once your case is assigned, ... (continued)

No Mileage Log, No Deduction!!

18 Sep No Mileage Log, No Deduction!! Posted at 21:12h Business Deductions by MF ... (continued)

LLC Operating Agreement-Please Read!

04 Jun LLC Operating Agreement-Please Read! Posted at 07:26h Business Structuring, Uncategorized by markadmin ... (continued)

Yes, You Must Have a Mileage Log for Your Auto Expense Deduction

01 Jun Yes, You Must Have a Mileage Log for Your Auto Expense Deduction Posted at 20:33h Business Deductions by markadmin ... (continued)

Why Philadelphia CPA ?

17 May Why Philadelphia CPA ? Posted at 10:52h Business Deductions by markadmin ... (continued)

HSA’S- Here’s Why They Work!

There are generally tax strategies that can work for you and your business, if you understand the tax code. The Health Savings Account is a powerful part of a health care strategy because: saves you $$$ through lower taxes grows tax-free gives you a chance to ... (continued)

Lock in Your Home-Office Deduction in Your S Corp

05 Apr Lock in Your Home-Office Deduction in Your S Corp Posted at 08:01h Business Deductions by markadmin ... (continued)

Check Out This Health Reimbursement Arrangement

03 Mar Check Out This Health Reimbursement Arrangement Posted at 15:39h Business Deductions by markadmin ... (continued)

Yes! You Can Switch From IRS Mileage Rate to Actual-Expense Method

02 Feb Yes! You Can Switch From IRS Mileage Rate to Actual-Expense Method Posted at 15:09h Business Deductions, Uncategorized by markadmin ... (continued)

New Law Retracts $100 -a-Day Penalty

Finally, the health insurance rules that apply to small businesses make more sense and allow some benefits. Beginning January 1, 2017, you can install a new qualified small employer health reimbursement arrangement (QSEHRA) and start helping your employees pay for their health insurance and other ... (continued)