by Karla Dennis | May 7, 2018 | Blog
2018 Tax Reform Changes The dust is settling, and you made it out of another tax season. Trying to capitalize on every write-off you can before the 2018 tax reform changes go into effect. You feel like you just barely made it through this tax season, and now you are trying to figure out how you will weather the new tax reform. Don’t worry you still have time put together a Strategic Tax Plan for 2018. The difference in 2018 Tax Rates and Brackets One of the biggest changes in the 2018 tax reform bill involves tax brackets and tax rates. There are still seven tax rates. The rates overall have come down. For individuals, these lower rates are scheduled to expire in 2025 unless Congress extends them. To compare 2017 vs 2018 tax brackets click Here read...
by Karla Dennis | May 2, 2018 | Blog
New to real estate investing? There are many tax benefits of rental property… Perhaps you have considered real estate investment, drawn to the idea of generating passive income. Or Maybe you already own investment property and would like to add to your portfolio. Regardless of where you fall on the spectrum it’s important to understand not only the real estate market, but also the tax benefits of rental property, or owning investment property. Making a smart real estate investment will allow you to retire with rental income with out overpaying Uncle Sam. When Should I Invest read...
by Karla Dennis | Apr 20, 2018 | Blog
LITTLE KNOWN TAX SECRETS FOR THE SELF-EMPLOYED *Note: This blog does not reflect the 2018 tax changes for the self-employed.* CLICK HERE FOR NEW TAX LAWS How would you like to wave goodbye to the mundane nine-to-five and say hello to a liberal schedule and a profitable business? Most people would immediately raise their glasses. But maybe this picture isn’t for you. Maybe you enjoy the order and security of having a full-time job, and are simply seeking an additional stream of income. Whether you’re hoping to start a full-fledged business or start a side business to bring in more money while still keeping your day job, taking a turn for self-employment opens financial opportunities that aren’t available to most people. read...
by Karla Dennis | Apr 18, 2018 | Blog
Ten Garden Tips: Follow the 10 tips outlined below for a welcoming garden that’s filled with color and fragrance — and song. 1. Survey the Yard: Make note of tree limbs that should be removed or cabled, especially those that overhang structures. Hire an arborist to maintain large trees.Cut down last year’s perennial foliage, and toss it into the compost pile. Rake mulch from beds planted with bulbs before foliage appears, and refresh mulch in other planting areas after soil warms. Check fences, steps, and pathways for disrepair caused by freezing and thawing. read...
by Karla Dennis | Apr 17, 2018 | Blog
Your bookkeeping service wants to make sure that you get the most out of your money in a business. They can help you understand where you money is going so you will be able to make better use of your cash flow. If you want your business to succeed, there are three big picture items your bookkeeping service can help you analyze. Tax Strategy While your bookkeeping service will not be responsible for filling out your taxes, they can provide your CPA with the necessary information that you need to establish a concrete tax plan. If you don’t take care of the receipts, payments, and expenditures, you are going to have a hard time establishing a truly effective tax strategy. read...
