Don’t Give Up On Your Charitable Donations: They Survive and Thrive Under The New Tax Cuts and Jobs Act Unfortunately, under the new Tax Cuts and Jobs Act (TCJA), as predicted by Howard Gleckman of Forbes, “The share of middle-income households claiming the charitable deduction will fall by two-thirds, from about 17 percent to just [...]
People who have owned the same home for many years may not know that the rules regarding taxation of gains and the personal residence exclusion changed in the late 1990s. Prior to that time, there were strict regulations regarding proceeds from the sale of a home. This included having to reinvest the money in the [...]
The arrival of tax season can be stressful. This is especially true if you have put off thinking about taxes since you filed last year’s return. As a trusted tax accountant in Fort Collins, we frequently remind our clients that the best way to reduce your stress and ensure that no important details are overlooked [...]
With the new Tax Cuts and Jobs Act in place, it is important to get the most up-to-date information on filing your tax returns. Taxes and personal finances can be overwhelming, but Shaw & Associates, your trusted Fort Collins tax accountant, wants to make it simple for you. There are a number of changes to [...]
Tax Cuts and Jobs Act: Important Changes to Deductions In the third and final section of our three-part Tax Cuts and Jobs Act article series, we are going to discuss changes to marginal tax brackets, the standard deduction and personal exemptions, and make note of some suspended or modified deductions beginning in 2018. Changes to [...]
When it comes to things you look forward to doing, filing your taxes generally does not make the list. We understand! However, putting off filing until the last minute tends not to be a good strategy for most people. In fact, there are a number of reasons why you should work with Shaw & Associates, [...]
Tax Cuts and Jobs Act: Pass-Through Deduction This month’s article details a rather complicated section of the Tax Cuts and Jobs Act, and we would like to break it down to its simplest form so you can rest easy knowing exactly how it relates to your business. Let’s discuss Section 199A of the law which [...]
Tax Cuts and Jobs Act: Meals & Entertainment There has been a great deal of information circulating recently about the Tax Cuts and Jobs Act. We aim to provide you with access to knowledge that will ensure you feel confident about these changes and how they may affect you or your business. As we indicated, [...]
Tax season is here, and if you’re like most people, you’re not looking forward to preparing your return. Not only is it a labor-intensive project, you are often left wondering if there are ways to save more of your hard-earned income that you didn’t know about. Or worse, you may worry that you’ve made an [...]
You’ve worked hard and your employer rewards you with a holiday bonus. While you greatly appreciate it, it leaves you asking yourself, “What are the tax implications of this gift?” Shaw & Associates, your tax accountant in Fort Collins has the answer! Bonus Basics Here are the questions we are most frequently asked about holiday [...]
