Implementing tax strategies now can help your company save big on its next return. Discover how businesses can still reduce their 2024 taxes effectively.
The Bottom Line
Filing season ends with no red flags
The IRS processed more than 128 million returns and issued some 97 million refunds without hitting any major roadblocks by the end of the filing season. As in past years, the vast majority of returns were filed electronically. Likewise, most refunds were deposited electronically. Although the filing season has ended for most individuals, millions are on extensions.
Treasury to review/re-evaluate tax regulations
The Treasury Department is to undertake a review and re-evaluation of tax regulations issued by the IRS since January 1, 2016. President Trump signed an Executive Order 13789 (“Identifying and Reducing Tax Regulatory Burdens”) ordering this action in later April, 2017. Following its review and re-evaluation, the Treasury Department will make recommendations.
Tax Time: A Perfect Opportunity to Review Your Investments
Being smart about your taxes isn’t just about making good decisions when you file. While you have your tax information in hand, it’s an ideal time to take a look at your investments and the types of accounts you have to make sure you’re getting the most tax benefits.
Did you make a financial resolution in 2017? Here are some tips to keep you on track
When it comes to your financial resolutions this year (and beyond), use these tips to actually keep and reach your goals.
IRS releases 2017 standard mileage rates; business and medical/moving rates drop
The IRS has released the 2017 optional standard mileage rates that employees, self-employed individuals, and other taxpayers can use to compute deductible costs of operating automobiles (including vans, pickups and panel trucks) for business, medical, moving and charitable purposes.
Tax refunds may be delayed, Filing season launches January 23rd
The IRS announces the beginning of the 2017 filing season and reminds taxpayers that the Protecting Americans from Tax Hikes Act of 2015 (PATH Act) may impact certain refunds in 2017.
Congress Faces Busy Tax Agenda Before the Presidential Election
Learn about what’s on Congress’ plate between now and the November election including Included many tax-related bills, potentially impacting individuals, businesses and others.
Juggling Wealth Management is No Trick
Preserving and managing wealth requires addressing a number of major issues. These include saving for your children’s education and funding your own retirement. Juggling these competing demands is no trick. Rather, it requires a carefully devised and maintained wealth management plan.
