Choosing the Right Accounting Method for Tax Purposes

Choosing the Right Accounting Method for Tax Purposes

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...
Why the “kiddie tax” is more dangerous than ever

Why the “kiddie tax” is more dangerous than ever

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...