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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 

Click to Read!

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.
 

Qualified Employees

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

The […]