Could your business benefit from the tax credit for family and medical leave?

April 29, 2019

The Tax Cuts and Jobs Act created a new federal tax credit for employers that provide qualified paid family and medical leave to their employees. It’s subject to numerous rules and restrictions and the credit is only available for two tax years — those beginning…

Still working after age 70½? You may not have to begin 401(k) withdrawals

April 22, 2019

If you participate in a qualified retirement plan, such as a 401(k), you must generally begin taking required withdrawals from the plan no later than April 1 of the year after which you turn age 70½. However, there’s an exception that applies to certain plan…

The 2018 Gift Tax Return Deadline Is Almost Here

April 8, 2019

Did you make large gifts to your children, grandchildren or other heirs last year? If so, it’s important to determine whether you’re required to file a 2018 gift tax return — or whether filing one would be beneficial even if it isn’t required. Filing requirementsGenerally,…

Will leasing equipment or buying it be more tax efficient for your business?

April 1, 2019

Recent changes to federal tax law and accounting rules could affect whether you decide to lease or buy equipment or other fixed assets. Although there’s no universal “right” choice, many businesses that formerly leased assets are now deciding to buy them. Pros and cons of…

Avoiding the California Tax Bite

March 25, 2019

The new $10,000 limit on itemized deductions for state and local taxes, has made personal taxes paid in high tax states even more costly. California has the highest top marginal personal income tax rate at 13.3%. Some California residents have considered moving their tax home…