By Tom Allen Is it possible to get both 6-figure tax deductions and asset protection? It is common for business owners who are late in their careers to start thinking about increasing their savings outside of their business, which makes …
by Tom Allen As a business owner, how can you maximize your tax deductions and improve employee loyalty simultaneously? “Everything should be made as simple as possible, but no simpler.” – Albert Einstein In a world of increasing automation, the …
by Simon Black On September 11, 1791, sixteen men disguised themselves as women and waited patiently in a forest outside of Pittsburgh, Pennsylvania for the local tax collector. The tax collector’s name was Robert Johnson. And he was tasked with collecting …
WASHINGTON — President Donald Trump again indicated this week that he might be open to revisiting the new limit on state and local tax deductions that hits many middle-income residents hard in California and other high-tax, Democratic states. Even so, …
Beginning for tax year 2018, taxpayers are limited to deducting mortgage interest on the first $750,000 of debt related to acquiring, building or substantially improving the primary or designated secondary residence that the loan is secured by. Prior to the …
BY JOHN MAULDIN The Republican Congress had to scramble to find additional sources of revenue in order to make up tax reductions for corporation and lower tier income groups. And they found some of that revenue by taking away deductions. There are …