Batley CPA

Business bad debt deduction and planning for your personal financial future Business owners, your bad debts may be deductible Business owners who hold a business-related debt that's become worthless or uncollectible may be able to claim a "bad debt"...

Let your tax accounting firm help you make smart financial decisions Step carefully with loans betwixt a business and its owner It's common for owners of closely held businesses to transfer money into and out of the company.

Donated artwork and alimony deduction with the TCJA changes The tax cost of divorce has risen for many Anyone who's divorced or in the process of divorcing needs to understand how the Tax Cuts and Jobs Act has changed the tax treatment of alimony.

Tax document retention guidelines and other tax tips Tax document retention guidelines for small businesses Most small business owners probably breathed a sigh of relief after filing their 2018 taxes (or requesting an extension).

Estate planning and more Estate planning portability lives on under the TCJA Portability allows a taxpayer's estate to elect to permit his or her surviving spouse to use any available estate tax exclusion amount that's unused at the taxpayer's death.

Tax Cuts and Jobs Act information and more TCJA inspires many business owners to reconsider entity choice The Tax Cuts and Jobs Act has given business owners much to think about, including whether to change the structure under which their companies...

Generally, profits from selling assets such as securities and real estate held in taxable accounts are classed as long-term if the holding period was longer than one year.

From coast to coast, hurricanes and wildfires and other natural disasters have created headlines while destroying homes.

Can you get tax benefits for charitable contributions? As the filing season for 2018 tax returns reaches a peak, many people will learn that they're no longer itemizing deductions.

Consult with Batley CPA about corporate income tax changes Many owners of private companies have been leery of operating as a regular C corporation. If you make that choice, you will be exposed to double-taxation of business income.