This special edition Q3 2018 Tax Letter is full of investing and planning strategies that can help you with ongoing financial management and tax planning. It contains information on:
Tax Planning under the Tax Cut and Jobs Act of 2017
Solving the annuity puzzle
The new tax law will change divorce tactics
No tax deductions for business entertaining
Two five-year tests for Roth IRAs
Insuring key people at small companies
CPA Client Tax Letter Q3 2018 from TR&S CPA
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See Also: Citation and Resource Guide accompanying […]
A new, refundable income tax credit is available for Maryland small businesses that have 14 or fewer employees. The business must employ at least one “qualified employee” to claim the credit.
The credit is available for the 2018 tax year and beyond.
To be considered a “qualified employee,” an individual must:
be employed by the small business;
earn wages that are no more than 250% of the federal poverty guidelines for a single-person household; and
earn paid sick and safe leave under Maryland law.
Amount of Credit
This special edition Q1 2018 Tax Letter is full of investing and planning strategies that can help you with ongoing financial management and tax planning. It contains information on:
2018 Tax News
Taxable Versus Tax-Deferred Accounts
Tax Credits Beat Tax Deductions
Asset Allocation in 529 Plans
IRS Ruling May Rescue Estate Plans
ESOPs As Retirement Plans
CPA Client Tax Letter Q1 2018 from TR&S CPA
Click to Read!
See Also: Citation and Resource Guide accompanying this publication
This CPA Client Tax Letter is provided by Twilley, Rommel & Stephens P.A […]
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
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
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