tax deductions

The Flat Tax for C-Corporations

With the new tax law (TCJA Act), there has been a permanent flat 21% tax rate on C-corporations from January 1st, 2018, naturally many tax payers may be interested in switching their entity to C-corporation to evade paying high tax.

10 Ways to Increase the Money YOUR Business Makes and Keeps

10 Ways to Increase the Money YOUR Business Makes and Keeps

Turns out that to win football championships, as well as finance, you need to be good at both offense and defense. Much like football, if you want to increase the money your business makes, as well as learn how to keep it, you have to know the rules, have a strategy and play both offense and defense to win your financial game.

Here's to Your Health!

Here's to Your Health!

The Personal Health Investment Today (“PHIT”) Act would let you take medical deductions for general fitness expenses: gym memberships, exercise classes and personal trainers, sports and fitness equipment, and even pay-to-play school sports fees and race registration fees. (That’s right, your local Thanksgiving “Turkey Trot” 10k will be deductible!)

Church of Crypto-Currencies and How Not to Drink the Kool-Aid

Church of Crypto-Currencies and How Not to Drink the Kool-Aid

The bad news for the faithful is that whatever they drop in the collection plate is deductible only if they itemize. Last year’s Tax Cuts and Jobs Act essentially doubled standard deductions, which should cut the number of taxpayers who itemize from about one out of three to just one out of ten.

Something More Important Than Lower Real Estate Costs

Would high state taxes be enough to make you move? Or do the quality of your life and breadth of opportunity mean more than mere taxes?

Free Agent Scores Spicy Signing Bonus

Free Agent Scores Spicy Signing Bonus

Big corporations with thousands of employees generally prefer playing “Hometown Hero,” so long as it suits their business goals. But corporations can play “Free Agent” too. They can even pocket fat signing bonuses when they do it, in the form of rich tax breaks in their new hometowns.

Quit Your Whining

This year’s 4/15 deadline has been extended to 7/15, but the general feeling of dread is still the same. By all rights, “Tax Day” ought to be one of our favorite holidays, like “Christmas in April” without the carols, the hype, or the eggnog.