Attached to this post you will find our 2017 year end tax planning newsletter. You’ll notice we’ve added more content this year to include articles not only for individuals, but business and financial tax planning information as well. We hope you find it useful and if you have any questions or concerns, please call or send us an email.

We will update you on any new tax act information that comes out of Washington when it happens.

Warmest wishes for a safe and happy holiday.

YE Tax Letter 2017

Business owners and managers spend most of their time monitoring operations and dealing with everyday problems. But just as an annual checkup from your doctor helps monitor and manage your personal health, an annual checkup can do the same for your business. Here are seven checkup tasks that you should make time to do every year. These are important for your long-term business health and personal success:
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It’s not uncommon to lose track of your beneficiaries, including which accounts have them, and who you designated. However, it is important to keep them current.
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Everyone loves a free meal – especially employees. However, your business tax return will be affected differently depending on the circumstances of the mealtime experience.
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The price that property would sell for on the open market — fair market value (FMV) — often seems like it’s open to interpretation. Here’s how to defend your FMV determination if it’s questioned.
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Deduction opportunities abound for people who know the importance of saving their receipts and keeping proper documentation. Make sure you’re taking the right steps to make qualified deductions during filing season.
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After years of putting money in your 529 college savings plan, you’re ready to start taking withdrawals to pay tuition bills. Do you know the rules for keeping the withdrawals tax-free?
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Health Savings Accounts can be a source of retirement funds when properly positioned with other retirement fund options, but it’s important to know their advantages and disadvantages.
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Changing jobs and companies can be an exciting opportunity, but you have a choice to make. What will you do with the retirement savings you have accrued in your 401(k)? Consider these four choices:
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The statistics are staggering. The majority of Americans do not save for retirement or have not saved enough for retirement. Make sure you’re taking these three steps to be financially prepared for your retirement. [Read more…]