New Tax Law Means Higher Section 179 Limits and Enhanced Bonus Depreciation
Todd Schanel
February 02, 2018 By Todd Schanel Thanks to the Tax Cuts and Jobs Act signed by President Trump in late December, business owners have more options — and more ways...
How Will the New Tax Law Impact Your Paycheck?
Todd Schanel
January 19, 2018 By Todd Schanel The Tax Cuts and Jobs Act of 2017 brought sweeping changes to individual income tax. And with those changes, you might see changes to...
Is Your S-Corporation Paying Reasonable Compensation?
Todd Schanel
January 12, 2018 By Todd Schanel   No one likes to pay more in taxes than they have to. The desire to minimize taxes makes S-corporations a great choice for...
How to Calculate Safe Harbor Estimated Tax Payments
Todd Schanel
November 06, 2017 By Todd Schanel   Do you have income from sources that don’t automatically withhold taxes? This might be income from investments, rentals, self-employment, or payments for services...
How to Exclude Up To $500,000 of Gain on the Sale of Your Home
Todd Schanel
September 21, 2017 By Todd Schanel What would you do with an additional $250,000 or $500,000 of tax-free income?  Selling your home at a gain is one of the few...
Don’t Lose Your Mileage Deduction – Track Your Business Miles the Easy Way
Todd Schanel
August 07, 2017 By Todd Schanel   The IRS loves to disallow deductions for vehicle expenses, and without the right documentation, you’ll risk losing out on this valuable deduction. Vehicle...