Personal Income Tax Returns – Benefits of Filing Early

Personal Income Tax Returns – Benefits of Filing Early

Each year we hear media ads encouraging us to “file early”. Much of this hype relates to one large tax preparation service or another vying for your attention. They are primarily trying to get you to act “now” while their name is front of mind. Although we can...
Unreimbursed Employee Expenses – Consider a pay-cut?

Unreimbursed Employee Expenses – Consider a pay-cut?

If you incur expenses as an employee in the course of performing your job, you are likely well aware that the Tax Cuts and Jobs Act (TCJA) of late 2017 eliminated your ability to deduct any of those costs. This effectively provided employees spending large amounts on...
Planning Points – Inherited Assets

Planning Points – Inherited Assets

With new higher limits for Estate taxes, and in many cases State inheritance taxes, people are often advised that they will incur no taxes as a result of inheriting investments or other assets from a family member or friend. Further they often take false comfort in...