Cash In on the Unique NUA Tax Break

Benefits of company stock in retirement plans One frequent tax reform target is still on the books. It is a unique tax break available to employees, including business owners, who own company stock in their retirement plan. If you handle things right, you can avoid paying tax on the appreciation in the stock’s value, called
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The New Tax Law – Are C Corporations Now Better?

Since the President signed the Tax Cuts and Jobs Act on December 22, 2017, lowering the corporate income tax rate to 21%, one of the most frequent questions small business owners have had is “Should I convert to a C corporation?” The answer is “Perhaps, but we need to look at the big picture to
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Caution: Someone Is Watching You Online

How to discourage information tracking It can certainly feel like “Big Brother” is watching us with the way our online activities are being tracked. Typically, the information is being gathered for legitimate marketing means, but that will not necessarily make you feel any better. What’s more, tracking increases your exposure to potential identity theft. You
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How to Support Your Charitable Deductions

Follow recordkeeping rules for donations Charitable deductions are often treasured by high-income taxpayers who itemize deductions on their personal returns. But your deductions are at risk if you do not have the requisite proof to back up your claims. Worst-case scenario: You are forced to forfeit all or part of your charitable deduction for 2017 if the
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Five Ideas for a 2018 Business Plan

Practical suggestions for the year It is 2018 … do you know where your business plan for this year is? Developing a business plan for the upcoming year is a laborious task, but it is often critical to the continued success of the operation. Although the details will vary from company to company, the best
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