Looking Back: Important Tax Changes for Businesses in 2019

With tax season getting ready to kick into high gear, it’s important to remember how much has changed for businesses since the Tax Cuts and Jobs Act (TCJA) was passed in late 2017.  You may remember that the new tax law opened up tax saving opportunities for many businesses–like the new 100 percent first-year bonus … Continued →

Estimated Tax Brackets for 2020

The last quarter of each year is traditionally reserved for last-minute tax moves, like charitable deductions, retirement contributions, capital investments, and other strategies to lower the taxable impact for the year. This year, in addition to the typical year-end tax saving tips, Naden/Lean will provide overviews of new strategies and tips to think about in … Continued →

2018 Year-End Tax Guidance

With the holidays on the horizon, you are probably checking your lists and making plans with friends and family. At this time of year, it’s important to be proactive in your tax planning, too. Even if you think your paperwork is in order or you already met with your CPA, consider taking a final look … Continued →

Year End Tax Planning: Business Loss

In years past, taxpayers safely operated under the assumption that qualifying business losses could be fully deducted, up to the limit of their taxable income. The new rules imposed by the Tax Cuts and Jobs Act (TCJA) will require business owners to adjust when and how they use business losses to offset their income. This … Continued →

Year End Tax Planning: Disappearing Deductions

The Tax Cuts and Jobs Act (TCJA) introduced many favorable tax changes for businesses – everything from a drop in the corporate tax rate to a flat 21 percent to more substantial write-offs for business equipment. While these additions have certainly stolen the spotlight, taxpayers shouldn’t overlook the deductions that were eliminated as a result … Continued →