Business owners may face a lot of scrutiny if they borrow money from their company and then get audited. Find out how you can prepare.
Mike is the founder of the firm of Michael DiSabatino, CPA. He produces this blog to keep his clients and friends informed of new tax laws, tax saving strategies, as well as, business tips.
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Business owners may face a lot of scrutiny if they borrow money from their company and then get audited. Find out how you can prepare.
Deducting business meals with clients is no longer so clear-cut following the passage of the Tax Cuts and Jobs Act.
Starting this year, employers can take advantage of a new credit for paid family and medical leave created by the Tax Cuts and Jobs Act.
If you have not already done so, now is the time to review your tax situation and make an estimated quarterly tax payment using Form 1040-ES. The second quarter due date is now here.
June 2018
In this issue:
This Month:
Summer is the perfect time to schedule a tax planning session. Take a look at the lead article to learn why. Summer is also peak season for buying a home. There are tax breaks discussed in this issue that may make owning a home more affordable for you. Also inside is a review of some often overlooked summer vacation ideas, as well as some classic finance fundamentals everyone should know.
Should you wish to review your situation, please feel free to call. Also feel free to forward this newsletter to someone who may benefit.
The savings limits for the ever-popular health savings accounts (HSA) are now set for 2019. The new limits are outlined here with current year amounts noted for comparison.
If you're thinking about divorce, you should also be considering what tax filing status you should choose. Here's why.
As a busy working parent, you may be concerned about what activities are available for your kids this summer. There may be a solution that’s also a tax break: summer camp!
Using the Child and Dependent Care Credit, you can be reimbursed for part of the cost of enrolling your child in a day camp this summer.
There are a lot of ways a business appraisal can help business owners. Take a look at why you should consider getting one.
Suppose you take your best client out to dinner to celebrate your business relationship. If you own a business, are self-employed or run a side business, can you deduct any of the cost?
The answer is not so clear after the passage of the Tax Cuts and Jobs Act. Here are some tips to stay on the right side of the new rules: