by Matt Engelmann | Sep 17, 2019 | Uncategorized
Make the RMD from Your Traditional IRA Tax-Free Once you turn age 70 1/2, the tax code mandates that you withdraw a tax code–defined required minimum distribution (RMD) from your traditional IRA. But by using the RMD or other IRA distribution with a qualified...
by Matt Engelmann | Sep 17, 2019 | Uncategorized
Creating More Business Meal Tax Deductions After the TCJA Here’s good news for business meals: the Tax Cuts and Jobs Act (TCJA) removed the “directly related and associated with” requirements from business meals. The net effect of this change is to subject business...
by Matt Engelmann | Sep 17, 2019 | Uncategorized
Act Fast to Claim a 30 Percent Tax Credit for Residential Solar Panels Here’s a heads-up. The 30 percent residential solar credit drops to 26 percent for tax year 2020,drops to 22 percent for tax year 2021, andterminates in 2022. Also, unlike the 30 percent commercial...
by Matt Engelmann | May 14, 2019 | Uncategorized
We offer profit harvesting automation for our monthly accounting clients at no extra fee. You may be wondering – what is “Profit Harvesting Automation?” Here are the answers: 1.) What is Profit Harvesting Automation (PHA)? We listen to your needs and...
by Matt Engelmann | Oct 14, 2018 | Uncategorized
If at all possible, you want to qualify for the 20 percent tax deduction offered by new tax code Section 199A to proprietorships, partnerships, and S corporations (pass-through entities). Basic Rules—Below the Threshold If your taxable income is equal to or below the...
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