TWILLEY, ROMMEL & STEPHENS P.A

Business

New Pass‐Through Entity Rules

18.01.2018
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Pass-Through Entity Memo

January 2018 Client Memo

If you wish to download or print this memo, please see the button at the bottom of this post.

New Pass‐Through Entity Rules

 

One of the most important – and complicated – changes in the new tax reform act is the tax rules affecting small businesses that are treated as “pass‐through entities.”

The good news is that if you own one of these businesses you may get as much as a 20 percent reduction to the taxation of business net income under the new rules. However, calculating […]

Letter to our Clients: Year End Tax Planning

20.12.2017
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Year End Tax Planning

Dear Client:

Congress is enacting the biggest tax reform law in thirty years, one that will make fundamental changes in the way you, your family and your business calculate your federal income tax bill, and the amount of federal tax you will pay. Since most of the changes will go into effect next year, there’s still a narrow window of time before year-end to soften or avoid the impact of crackdowns and to best position yourself for the tax breaks that may be heading your way. Here’s a quick rundown of last-minute moves you should think […]

The most wonderful time of year – Tax Planning Season

12.12.2017
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Tax and Financial News

The Most Wonderful Time of the Year – Tax Planning Season

Now is the time to focus on year-end tax planning. Careful and strategic planning can help minimize your tax bill and maximize what you keep. Given the uncertainty and sweeping scope of proposed tax law changes, planning is both more complex and more important than ever this year. Below, we discuss five year-end tax planning strategies you can use to maximize how much of your own money you keep.

Play the Timing Game

Why pay taxes now if […]

December 2017 Newsletter

6.12.2017
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This month’s newsletter is full of helpful information.  It contains the following topics:

Pros and Cons of Asset Management Fees
Win With a Roth IRA Reversal
Year-End Thank You Gifts From Business Owners
Tax Calendar

 

Did you know?
Pet industry spending in the United States during 2016 set a record high at $66.75 billion, led by food ($28.23 billion), veterinary care ($15.95 billion), and supplies and over-thecounter medicine ($14.71 billion).

CPA Client Newsletter December 2017 from TR&S CPA 

Click to Read This Issue […]