Did you know that the Tax Cuts and Jobs Act made changes to deductions for business expensed meals? In fact, it eliminated the deduction for any expenses related to activities that formally could...
If you are either considering creating a trust to help manage your assets or if you don't even know how a trust could help, this article can provides an overview into the world of trusts. A...
If you have a less-than-ideal credit score, you won't be able to repair it overnight, however there are steps you can take to raise it over time. Watch your credit card balances How much...
Kevin Harris, CPA, joins Central Connecituct State University’s Institute of Technology and Business Development Advisory Committee Glastonbury, Conn., (February 14, 2018) – MahoneySabol, a...
You're looking for a loan. Your bank wants information to gauge if you have a healthy company. Therefore, the more a lender knows about your business and can see into its financial workings, the...
When can you use bad debt to reduce business income? Even when you take the customer to court and you still don't get your money, there's a way to make lemonade from this lemon of a customer....
You may be wondering whether the money you spent on a day care center, a babysitter, summer camp or other provider to care for your qualifying child under age 13 or a disabled dependent of any...
The tax reform passed at the end of 2017 runs to about 70,000 words. It's a large and complicated piece of legislation, and we can look forward to additional guidance and clarifications. For now,...
Running a business, or thinking of starting one? You may need investors. Here are the top suggestions for securing the interest of investors and eventually raising funds: Create a realistic...
Tax avoidance? Accelerating tax deductions, deferring income, changing one's tax status through incorporation, and setting up a charitable trust or foundation. All of these are legal tax...
You can be self-employed as a sole proprietor/an independent contractor, or a member of a partnership or of a limited liability company. As such, you need to file an annual income tax return and...
Most of the papers you need to document the income, interest and withheld taxes you report arrive in your mailbox in January, with investment-related 1099s often coming in February. Get ready for...
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