by Cathy Macchietto | Dec 18, 2020 | Uncategorized
Under current law, taxpayers have a variety of options for deducting some or all of the cost of property used in business rather than depreciating it over a period of years. Here’s a quick overview of three of them: De Minimis Expensing Safe Harbor Taxpayers...
by Cathy Macchietto | Nov 9, 2020 | Uncategorized
Life insurance is a versatile financial planning tool. In the event of your death, it provides money for your loved ones to replace your lost income and creates liquidity to pay taxes and other expenses. And if you purchase “permanent” life insurance, such as whole or...
by Cathy Macchietto | Nov 9, 2020 | Uncategorized
As we approach the end of 2020, it’s a good time to review your investment portfolio for tax- saving opportunities. Although you shouldn’t base your investment decisions on taxes alone, it’s important to weigh the tax implications when buying and selling securities....
by Cathy Macchietto | Sep 28, 2020 | Uncategorized
As you approach retirement age, it’s important to take inventory of your savings and map out a strategy for managing your retirement income. A key component of this strategy is selecting the right time to begin collecting Social Security benefits. You have the option...
by Cathy Macchietto | Sep 28, 2020 | Uncategorized
The Tax Cuts and Jobs Act of 2017 (TCJA) slashed many common deductions for business meals and entertainment. Yet a great deal of confusion remains about what is, and is not, deductible. Although most entertainment expenses no longer qualify (with some...
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