Posts Tagged ‘Tax Planning’
By Edelstein on September 28, 2022
Now that fall is officially here, it’s a good time to start taking steps that may lower your tax bill for this year and next. One of the first planning steps is to ascertain whether
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Posted In: Alerts & Advisories
By Edelstein on January 19, 2022
Do your tax strategies need a refresh? With some tax law changes going into effect in 2021 and more changes potentially on the horizon, you probably have questions about tax planning this year. To save
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Posted In: Alerts & Advisories
By Edelstein on December 7, 2021
If you’re starting to worry about your 2021 tax bill, there’s good news — you may still have time to reduce your liability. Here are three quick strategies that may help you trim your taxes
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Posted In: Alerts & Advisories
By Edelstein on January 6, 2021
President Trump signed into law billions of dollars in long-awaited COVID-19 and economic relief. The relief package is part of the nearly 5,600-page Consolidated Appropriations Act (CAA), which also contains numerous other tax, payroll and
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Posted In: Alerts & Advisories
By Edelstein on December 17, 2020
To provide businesses and their owners with some relief from the financial effects of the COVID-19 crisis, the Coronavirus Aid, Relief, and Economic Security (CARES) Act eases the rules for claiming certain tax losses. Here’s
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Posted In: Alerts & Advisories
By Edelstein on December 16, 2020
You may be able to deduct some of your medical expenses, including prescription drugs, on your federal tax return. However, the rules make it hard for many people to qualify. But with proper planning, you
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Posted In: Alerts & Advisories
By Edelstein on December 10, 2020
In previous posts, we have mentioned the implications that the Tax Cuts & Jobs Act have on business interest deductions, along with the impact the CARES Act has on them. In the following post, we
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Posted In: Alerts & Advisories
By Edelstein on December 9, 2020
Contributing to a tax-advantaged retirement plan can help you reduce taxes and save for retirement. If your employer offers a 401(k) or Roth 401(k) plan, contributing to it is a smart way to build a
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Posted In: Alerts & Advisories
By Edelstein on December 3, 2020
As we approach the end of the year, it’s a good time to think about whether your business needs to buy business equipment and other depreciable property. If so, you may benefit from the Section
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Posted In: Alerts & Advisories
By Edelstein on October 30, 2020
The IRS has announced its 2021 cost-of-living adjustments to tax amounts that might affect you. Many increased to account for inflation, but some remained at 2020 levels. As you implement 2020 year-end tax planning strategies,
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Posted In: Alerts & Advisories