How could proposed tax law changes affect your year-end tax planning?

Smart timing of deductible expenses can reduce your tax liability, and poor timing can unnecessarily increase it. Should you prepay property tax on your home to accelerate your deduction into 2017?

The House and Senate tax plans have some similarities but there are also major differences.

Many business owners are so focused on their business that they neglect retirement planning. If you’re among them, setting up a cash balance plan for your business can turbocharge your retirement savings.

House bill looks to dramatically change the tax landscape, but it’s far from final.

Working on your year-end tax plan? Take these 2018 cost-of-living amounts into consideration.

Tax reform legislation casts a cloud of uncertainty over year-end tax planning for businesses.

Restricted stock, stock options and nonqualified deferred compensation can be valuable forms of compensation. But could your exec comp be subject to the additional 0.9% Medicare tax or the 3.8% NIIT?

What’s the potential impact of tax reform on individuals? The devil is in the details.

Tax reform framework offers an outline; details to be fleshed out in congressional committees.

While no one wants to lose money, realizing a capital loss on an investment can provide tax savings. Don’t let the wash sale rule wash out the tax benefits.

Year-end tax planning and possible tax law changes aren’t the only tax issues business owners should be considering as we enter the fall season. It’s also important to be aware of the Q4 2017 filing deadlines coming up.

The DOL has withdrawn Obama-era guidance aimed at employers, but taxes are unaffected.

Charitable donations of real estate can provide tax benefits well beyond those of making cash contributions. But such donations must be planned carefully to avoid undesirable tax consequences.

Summer has flown by and now it’s time for students and their teachers to head back to class. Teachers who buy supplies for their classrooms may be eligible for a tax break. Learn more.

Have you recently converted a traditional IRA to a Roth IRA? Are you having second thoughts about the conversion? It may not be too late to change your mind and avoid the tax consequences of the conversion.

States may exempt from sales and use tax such items as equipment used in manufacturing, and custom software used for research and development. Is your business due a refund? Find out with a reverse audit.

Many consider tax planning to be a year-end activity. But you can boost the power of your individual tax planning by implementing these three strategies now.

Which tax reform proposals will make it into legislation and when such legislation will be voted on is uncertain. In the meantime, consider these three business tax tips from the last big tax law.

Owning a vacation home can provide both a retreat from the stresses of everyday life and a valuable source of income. How much you personally use your vacation home vs. rent it out may have a major impact on your taxes.