by O'Connor & Drew | Oct 16, 2018 | Tax
TAX 529 Plans Offer Two Tax-Advantaged Education Funding Options 16 October 2018 Section 529 plans are a popular education-funding tool because of tax and other benefits. Two types are available: 1) prepaid tuition plans, and 2) savings plans. And one of these plans...
by O'Connor & Drew | Oct 10, 2018 | Tax
TAX Assessing the S Corp 10 September 2018 The S corporation business structure offers many advantages, including limited liability for owners and no double taxation (at least at the federal level). But not all businesses are eligible – and, with the new 21%...
by O'Connor & Drew | Oct 10, 2018 | Tax
TAX 2018 Q4 Tax Calendar: Key Deadlines for Businesses and Other Employers 10 September 2018 Here are some of the key tax-related deadlines affecting businesses and other employers during the fourth quarter of 2018. Keep in mind that this list isn’t all-inclusive, so...
by O'Connor & Drew | Aug 28, 2018 | Tax
TAX Choosing the Right Accounting Method for Tax Purposes 28 August 2018 The Tax Cuts and Jobs Act (TCJA) liberalized the eligibility rules for using the cash method of accounting, making this method — which is simpler than the accrual method — available to more...
by O'Connor & Drew | Aug 13, 2018 | Tax
TAX 21st Century Estate Planning Accounts For Digital Assets 13 August 2018 Even though you can’t physically touch digital assets, they’re just as important to include in your estate plan as your material assets. Digital assets may include online bank and brokerage...
by O'Connor & Drew | Aug 13, 2018 | Tax
TAX Why The “Kiddie Tax” Is More Dangerous Than Ever 13 August 2018 Once upon a time, some parents and grandparents would attempt to save tax by putting investments in the names of their young children or grandchildren in lower income tax brackets. To discourage such...
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