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Entertaining Tax Deductions & Tax Reform
The Tax Cuts and Jobs Act (TCJA) was signed into law by President Trump on December 22, 2017 and made sweeping changes to the Internal Revenue Code. Sacred deductions like the personal exemption were eliminated while tax rates were reduced, brackets were expanded, and new deductions like the 20% qualified business income deduction were introduced.…
Read MoreWhen Financials and Flu Season Collide
Many small businesses often struggle with the following: should a company recommend that employees “push through” to help clients, or recommend staff “stay home” at the first sign of an illness?
Read MoreHow the SC Gas Tax Credit May Impact You
The new year is ushered in with thoughts of a clean slate and resolutions about change we want to see in our lives. This year, the new year is accompanied by changes in Federal and South Carolina tax laws. One of the law changes involves the South Carolina motor fuel user fee. Most everyone is affected by this change.
Read MoreTrump – The Grim Reaper For Estate (Death) Taxes Or Bane For Working Class?
President Trump has not been exactly specific about the particulars of his plan to repeal the estate tax. If working class beneficiaries are required to pay tax on a disposition of the inherited assets because of the transferred basis, then most all of us will have a negative impact from the elimination of the Estate Tax.
Read MoreNo Estate Planning Needed? – STOP AND READ BEFORE CONCLUDING
Many think that there is no need for Estate Planning. However, there are numerous pitfalls that can create serious problems for you or your loved ones after you are gone.
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