mconnolly54Jul 3, 20192 minFundamental tax truths for C corporationsThe flat 21% federal income tax rate for C corporations under the Tax Cuts and Jobs Act (TCJA) has been great news for these entities and...
mconnolly54Jul 3, 20192 minInvestment interest expense is still deductible, but that doesn’t necessarily mean you’ll benefitAs you likely know by now, the Tax Cuts and Jobs Act (TCJA) reduced or eliminated many deductions for individuals. One itemized deduction...
mconnolly54Jul 3, 20192 minDepreciation-related breaks on business real estate: What you need to know when you file your ReturnCommercial buildings and improvements generally are depreciated over 39 years, which essentially means you can deduct a portion of the...
mconnolly54Jul 3, 20192 minThere’s still time to get substantiation for 2018 donationsIf you’re like many Americans, letters from your favorite charities have been appearing in your mailbox in recent weeks acknowledging...
mconnolly54Jul 3, 20192 minIs Now the Time for Some Life Insurance?Many people reach a point in life when buying some life insurance is highly advisable. Once you determine that you need it, the next step...
mconnolly54Jul 3, 20192 min Taxable vs. Tax-advantaged: Where to Hold Investments When investing for retirement or other long-term goals, people usually prefer tax-advantaged accounts, such as IRAs, 401(k)s or 403(b)s....