…retirees. Click the link below and then click on any state in the map for the option to add the state to your compare list. https://www.kiplinger.com/kiplinger-tools/retirement/t055-s001-state-by-state-guide-to-taxes-on-retirees/index.php If you have questions…
…late. Although October 15 is the last day for most people to file, some taxpayers may have more time. They include: Members of the military and others serving in a combat…
…can be used to pay off the corporate debt, at which point the shareholders will own 100% of the corporation with a smaller investment on their part. Owner debt If…
…than two co-owners can get complicated, because each co-owner must buy life insurance policies on all the other co-owners. In this scenario, you may want to use a trust or…
…the various provisions in the TCJA. Corporate and pass-through business rates The TCJA cut the maximum corporate tax rate from 35% to 21%. It also lowered rates for individual taxpayers…
…Limitation on deducting large business losses recognized by individual taxpayers. For Businesses 100% bonus depreciation for qualified business assets (expires after 2022).* Bonus depreciation with declining percentages for 2023 through…
…a part (or combination of parts) that is a major component or a significant portion of the physical structure of a unit of property. Under the “adaptation test,” you generally…
…the trust are allocated to individual employees’ accounts, often using a formula based on their respective compensation. The business must formally adopt the plan and submit plan documents to the…
…Medicare 1.45% 1.45% Individual Retirement Accounts 2019 2018 Roth IRA Individual, up to 100% of earned income $ 6,000 $ 5,500 Traditional IRA Individual, up to 100% of earned Income…
…Your Max Loan Amount How to Maximize Forgiveness Common Mistakes & Common Questions Myths About PPP (spoiler alert: it’s not the only tool available to you) CLICK TO REGISTER NOW…
