Retirement planning may be a little different for the self-employed, but it’s just as important, if not more so. 60% of working Americans have access to a 401k plan through their employer. But if you are among the nearly 10 million self-employed, you are entirely...
When a parent, relative or close friend leaves a house to a child or loved one, it can sometimes be a “mixed blessing.” While the intention is certainly a good one, whether the “gift” is a benefit depends on a wide range of matters. Is the house in good condition? Is...
If you are considering divorce, the timing, from a tax perspective, can be crucial. Many new tax laws that have been enacted have a tremendous impact on divorcing couples, especially couples with a high net worth. And though taxes may be the last thing on your mind...
A new provision of the Tax Cuts and Jobs Act of December 2017, titled Section 199A, stipulates that owners of sole proprietorships, S corps. or partnerships can deduct up to 20% of the income earned by the business. The idea behind Section 199A is to afford the...
As we have shared before, the IRS changed the withholding tables earlier this year after the passage of the Tax Cuts and Jobs Act of 2017. As a result, a recent poll of members of the Pennsylvania Institute of Certified Public Accountants (PICPA) revealed that a...
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