Uncategorized

  The New Year approaches, but time remains for individuals and businesses to better understand and plan for the upcoming tax season. Click on the link below to view the 2018 tax year-end newsletter that covers the following, along with several other important topics: Tax Reform Overview for businesses & individuals. Year-End Tax Moves for…

The ‘Tax Cuts & Jobs Act’ Bill The ‘Tax Cuts and Jobs Act’ bill has been passed by the House and the Senate and signed into law by President Trump.  The new tax law contains many changes, but it will not take effect until year 2018. While corporations will be taxed at a flat 21%…

While uncertainty remains about the timing of tax reform legislation, your business tax planning needs to move forward as we approach the end of 2017. As you consider the following tax planning moves for your business, keep in mind that most of them require you to be a taxpayer using the cash basis of reporting. Project…

Kansas Income Taxes Increase for Individuals & Businesses As Kansas faced a budget deficit this year, they initiated income tax changes that are retroactive to January 1, 2017, in order to bridge the gap. So, as you prepare for filing taxes in the next several months you should be aware of the impact of these…

SIMPLE YEAR-END TAX MOVES As the year-end approaches, consider the following tax planning moves in order to lower your 2017 tax bill. The first few suggestions apply to taxpayers that claim itemized deductions on their tax return (this usually applies when you own a home), and the last few are related to investments. Make An…