2018 Q2 tax calendar: Key deadlines for businesses and other employers
March 28, 2018 | BY Joseph Hoffman
Here are some of the key tax-related deadlines affecting businesses and other employers during the second quarter of 2018. Keep in mind that this list isn’t all-inclusive, so there may be additional deadlines that apply to you. Contact us to ensure you’re meeting all applicable deadlines and to learn more about the filing requirements. (more…)
tax - small business
Home-related tax breaks are valuable on 2017 returns, will be less so for 2018
March 27, 2018 | BY Joseph Hoffman
Home ownership is a key element of the American dream for many, and the U.S. tax code includes many tax breaks that help support this dream. If you own a home, you may be eligible for several valuable breaks when you file your 2017 return. But under the Tax Cuts and Jobs Act, your home-related breaks may not be as valuable when you file your 2018 return next year. (more…)
tax - tax breaks - tax deduction
Make telecommuting work for your nonprofit
March 22, 2018 | BY Joseph Hoffman
Like their for-profit counterparts, not-for-profits are increasingly allowing employees to telecommute. Done right, work-at-home arrangements, either full time or on an occasional basis, can pay off for both employers and employees. But you’ll need to be proactive to avoid some pitfalls. (more…)
nonprofit - telecommute
Spring cleaning: Review your nonprofit’s programs — and possibly replace some
March 20, 2018 | BY Joseph Hoffman
Has your not-for-profit’s program lineup remained unchanged for at least a couple of years? If so, consider using the tradition of spring cleaning to review your offerings. Some of your programs might be due for replacement. (more…)
nonprofit
Defer tax with a Section 1031 exchange, but new limits apply this year
March 20, 2018 | BY Joseph Hoffman
Normally when appreciated business assets such as real estate are sold, tax is owed on the appreciation. But there’s a way to defer this tax: a Section 1031 “like kind” exchange. However, the Tax Cuts and Jobs Act (TCJA) reduces the types of property eligible for this favorable tax treatment. (more…)
tax - real estate - tax reform