How the TCJA Will Impact Your Alimony and Other Support Payments

While the majority of the Tax Cuts and Jobs Act went into effect at the beginning of 2018, certain laws pertaining to alimony and other forms of support payments after divorce were not implemented until January 1, 2019. If you were or will be divorced after that date, or if...

An Introductory Guide to Paying Self-Employment Taxes

Whether you work as an independent contractor or have formed your own registered business, you are now subject to self-employment tax on your self-employed income. If this is a recent change in your income, you might be a little uncertain about how to pay your taxes now. This brief guide...

How You Can Reduce Your Tax Bill by Bunching Itemized Deductions

We’ve touched briefly on bunching charitable contributions in a past blog, but did you know that there are actually several different types of deductions that can be bunched? With the new, higher standard deduction set by the Tax Cuts and Jobs Act—$12,000 for individuals and $24,000 for married couples filing...

How Will Your New Business Be Taxed?

When venturing into the world of business ownership, there are a number of things to consider; one of the first things you’ll have to consider is what business designation you would like your company to have. There are actually a number of different business structures to choose from, and they...

5 Ways to Make Filing Your 2019 Tax Return Easier

We know that filing taxes isn’t exactly a picnic for anyone. So, it’s natural that you don’t want to think about dealing with your taxes until it’s absolutely necessary. However, by starting to prepare now, and planning ahead for your 2019 tax return, you can make the filing process much...