Category Archives: Taxes

Hitting Those Year-end Numbers-Business Taxpayers.

Posted on December 11, 2019 by

If you’re thinking 2019 profit has resulted in a bit more taxable income than you would like here are a few things you can do to do a bit of business tax planning. You can also call Carol and make an … Continue reading →

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Hitting Those Year-end Numbers-Individual Taxpayers.

Posted on December 4, 2019 by

It’s probably about time to start thinking about the 2019 income tax return especially if you want to do a bit of 1040 planning. You can also call Carol and make an appointment. She’d love to see you. And it … Continue reading →

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Step by Step – The 2020 W-4

Posted on November 20, 2019 by

The Tax Cuts and Jobs Act, enacted in late December of 2017, wreaked havoc on Form W-4, Employee’s Withholding Allowance Certificate. The TCJA radically changed employee withholding by doubling the standard deduction, modifying tax rates and tax brackets, and eliminating … Continue reading →

Posted in General Interest, Individual Taxes | Tagged , , | 1 Comment

Getting Schooled – Maximizing Education Tax Credits

Posted on November 13, 2019 by

Pay tuition. Get tax credits. $2,500 here; $2,000 there. Education credits are seemingly straightforward but are they as straightforward as they seem? Not really and not always. Shameless plug. We just make it look straightforward. REINFORCING THE BASICS. The American … Continue reading →

Posted in Individual Taxes | Tagged , , , , , , , , | 2 Comments

Getting Paid to Reduce Your Carbon Footprint – Residential Energy Credits.

Posted on November 6, 2019 by

Getting Paid to Reduce Your Carbon Footprint – Residential Energy Credits. REINFORCING THE BASICS! Nuclear, bad. Fossil fuels, bad. Big carbon footprints, bad.  Our government encourages renewable or sustainable energy as a means for energy security, job creation, climate control, … Continue reading →

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Getting To That 20%

Posted on February 20, 2019 by

Perhaps the biggest change to your business and individual taxes is the Section 199A, Qualified Business Income Deduction (QBID). Your complimentary trip down Memory Lane (aka link to a Carol McAtee archived blog) –  TCJA and What in the World … Continue reading →

Posted in Business Taxes, Section 199 A, Taxes, TCJA | Tagged , , , | 45 Comments

Make That Kid Work For You. Part 2 of 2. No Kidding, The Kiddie Tax

Posted on February 6, 2019 by

Last week we broke the news that according to the Department of Agriculture, with middle-class income of $59,200-$107,000, it is going to cost you a whopping $233,610! to raise that kid until the age of 17. Families with lower incomes … Continue reading →

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Make That Kid Work For You. Part 1of 2. Get Credit Where Credit’s Due.

Posted on January 30, 2019 by

HERE’S WHAT’S UP! With middle-class income of $59,200-$107,000, it is going to cost you a whopping $233,610! to raise that kid until the age of 17, says the Department of Agriculture. Families with lower incomes are expected to spend $174,690, … Continue reading →

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New Year Resolution.

Posted on January 23, 2019 by

HERE’S WHAT’S UP! Conventional wisdom: It’s never too late to do financial planning. Carol’s wisdom: It’s never too early to take care of your money. 2019 Withholding Calculator REINFORCING THE BASICS. What is Retirement? Retirement is the withdrawal from an … Continue reading →

Posted in Individual Taxes, Tax Planning | 1 Comment

Government Doesn’t Run on Dunkin’!

Posted on January 16, 2019 by

Here’s what’s up!  The longest ever paid vacation for 380,000 furloughed government employees.  The longest ever indentured servitude for 420,000 government employees and the Coast Guard as they work without pay.  All courtesy of the longest-ever partial government shutdown.  By … Continue reading →

Posted in IRS, Taxes | Tagged , , , , , | 2 Comments