Posts Archive
Taxes
KEY FEATURES OF THE NEW “CARES” ACT
Written by Joe Erickson, CPA and Shareholder The Corona Aid, Relief and Economic Security CARES Act was passed on Friday 3/27/2020 in response to the COVID-19 coronavirus pandemic. This bill will impact millions of businesses and individuals throughout the U.S., and is designed to help mitigate the financial ramifications of COVID-19 on the U.S. economy. …
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Replay of our Tax Update
If you were not able to attend out Live Tax update webinar you can easily watch a replay by clicking here.
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Get a jump on your End-of-year Tax Planning
You might recall that the big new tax law—known officially as the Tax Cuts and Jobs Act (TCJA), signed into law in December 2017—took effect at the beginning of the 2018 tax year. Among its major adjustments, the TCJA almost doubled the standard deduction, lowered tax brackets, repealed the Affordable Care Act’s individual mandate, and…
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Can The Child Tax Credit Help You This Year?
Find out details from Joe Erickson, CPA & Shareholder. If you would like to know more contact your Financial Advisor or make an appointment with Joe Erickson here.
Read More Tax Planning AFTER April 15th
It is a common belief that once April 15th is past, you can breathe a sigh of relief, and not think about taxes again until next year. But that is not true, since there can be a great deal of value in tax planning throughout the year. Tax problems may have been avoided if you…
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Tax Changes: Sell Your Property or Convert to a Rental Property? What’s Right for You?
By Joe Erickson, CPA and Viridian Shareholder Recent changes to tax law can have a significant impact on decision-making in the current real estate environment. This article describes some of the major changes, and it will hopefully help you decide what to do with your home if/when you decide to no longer live there. Tax…
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The Ins and Outs of LLCs
By Joe Erickson, CPA and Viridian Shareholder Limited Liability Companies, commonly known as LLCs, offer their owners (“members”), as the name implies, limited liability protection. LLCs are a relatively straightforward means of structuring a small business, and they are a great option for many business owners. Setting up an LLC For a single-member LLC, you simply…
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Tax & Estate Planning with Charitable Trusts
Written by Bruce Yates, Financial Advisor & Doug Custer, CFP® Investment assets have two primary benefits: the income they produce, and their hopefully increasing value. With Charitable Trusts, charitably inclined investors can support their chosen charity or foundation by donating one of these two components (principal or income), while retaining the other for themselves or…
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Optimizing the Tax Impact of Charitable Giving Under the New Tax Law
Written by Doug Custer, CFP Beginning at age 70½, IRA owners must start taking Required Minimum Distributions (RMDs) each year from their IRA accounts. Unless you have made after-tax contributions in the past, these distributions are taxable as ordinary income. However, if you are charitably inclined, your RMDs can not only help you deduct more…
Read More 5 Ways to Play the New Tax Law
Written by Joe Erickson, CPA The new tax law—known officially as the Tax Cuts and Jobs Act (TCJA) and signed into law in December 2017—took effect at the beginning of the 2018 tax year. Among its major adjustments, the TCJA almost doubled the standard deduction, lowered tax brackets, repealed the Affordable Care Act’s individual mandate,…
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