Tax Archives - Page 30 of 30 - HW&Co. CPAs and Advisors

There’s still time for small business owners to set up a SEP retirement plan for last year

By: Mary Eileen Vitale CPA CFP AEP

If you own a business and don’t have a tax-advantaged retirement plan, it’s not too late to establish one and reduce your 2018 tax bill. A Simplified Employee Pension (SEP) […]

Will leasing equipment or buying it be more tax efficient for your business?

By: Ed Decker

Recent changes to federal tax law and accounting rules could affect whether you decide to lease or buy equipment or other fixed assets. Although there’s no universal “right” choice, many […]

5 Facts about the New 1040 Form

By: Ed Decker

We’ve been hearing for months that there are big changes to the tax forms. While it’s true there are several changes, if you file electronically, you may not notice them. […]

Beware the Ides of March — if you own a pass-through entity

By: David M. Reape

Shakespeare’s words don’t apply just to Julius Caesar; they also apply to calendar-year partnerships, S corporations and limited liability companies (LLCs) treated as partnerships or S corporations for tax purposes. […]

Here’s How Taxpayers Can Pay Their Taxes

By: David M. Reape

No on likes to pay taxes. But the IRS is trying to make it easier by offering several different ways for taxpayers to pay their tax liability immediately, or arrange to pay […]

Fundamental tax truths for C corporations

By: David M. Reape

The flat 21% federal income tax rate for C corporations under the Tax Cuts and Jobs Act (TCJA) has been great news for these entities and their owners. But some […]

Depreciation-related breaks on business real estate

By: David M. Reape

What you need to know to file your 2018 return Commercial buildings and improvements generally are depreciated over 39 years, which essentially means you can deduct a portion of the […]

IRS Section 199A Update

By: Ed Decker

The IRS has recently issued the final regulations on the qualified business income deduction (IRC section 199A) that was part of the Tax Cuts and Jobs Act (TCJA). A little […]

Higher mileage rate may mean larger tax deductions for business miles in 2019

By: David M. Reape

This year, the optional standard mileage rate used to calculate the deductible costs of operating an automobile for business increased by 3.5 cents, to the highest level since 2008. As […]

Is there still time to pay 2018 bonuses and deduct them on your 2018 return?

By: Kate Protsenko-Blake CPA

There aren’t too many things businesses can do after a year ends to reduce tax liability for that year. However, you might be able to pay employee bonuses for 2018 […]

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