New Treasury Department rules clarify ‘specified service trade or business’
In some ways the sweeping tax reform law that was passed at the end of 2017 left as many questions unanswered as it answered. Just last week, the Treasury Department issued rules that seek to clarify some issues related to qualified business income. The Tax Cuts and Jobs Act created a new provision, Section 199A, which […]
Direct deposit, pay cards best defense against fraud
It’s payday and the end of a shift at the quick-service restaurant. Employees begin filing out to their cars in the parking lot when one of them is approached by a man asking how much the employee got paid that week. The employee looks at his check and tells him he got paid $225. The […]
‘Vishing’ is the new phishing
Technology is becoming more sophisticated, and so are scammers trying to separate you from your money. Most people are aware of phishing scams, those where a criminal sends an email requesting sensitive bank account information or personal identification information. While the tactics have gotten a little more inventive, there are certain tell-tale signs that tip […]
3 traditional midyear tax planning strategies that hold up post-TCJA
With its many changes to individual tax rates, brackets and breaks, the Tax Cuts and Jobs Act (TCJA) means taxpayers need to revisit their tax planning strategies. Certain strategies that were once tried-and-true will no longer save or defer tax. But there are some that will hold up for many taxpayers. And they’ll be more […]
‘Drafting error’ in tax law could impact bonus depreciation rules
McDonald’s Corp. is a part of a coalition of restaurants and retailers that has appealed to Congress to fix a “drafting error” in the Tax Cuts and Jobs Act that is deterring some business owners from investing in their stores. According to Reuters, the coalition states that lawmakers intended to change the tax reform law […]
Nina Daigle, Lindsey Pierce named partners with Antares Group, Inc.
Antares Group, Inc. is pleased to announce that Nina Daigle, CPA, and Lindsey Pierce, CPA, have been promoted to Partner with the firm. Lindsey and Nina have both been with Antares Group, Inc., for nine years and are members of the Business and Tax Advisory Group. “The promotion of Nina and Lindsey to partner marks […]
What is the right 401(k) for your business?
Most employers know the value of offering employees a tax-advantaged retirement plan, but the question is finding the right one. The most common plan of this type is a 401(k), but you may not be aware that there are a variety of types. Below is an overview of some of the most popular options: Traditional. […]
A closer look at the wage limits for pass-through entities
The Tax Cuts and Jobs Act provides a valuable new tax break to noncorporate owners of pass-through entities: a deduction for a portion of qualified business income (QBI). The deduction generally applies to income from sole proprietorships, partnerships, S corporations and, typically, limited liability companies (LLCs). It can equal as much as 20 percent of […]
Go green: Save tax by saving energy at home
“Going green” at home — whether it’s your principal residence or a second home — can reduce your tax bill in addition to your energy bill, all while helping the environment, too. The catch is that, to reap all three benefits, you need to buy and install certain types of renewable energy equipment in the […]
State and local taxes could impact where you retire
The beach? The mountains? The country? Where is your retirement dream home? Many Americans relocate to another state when they retire. If you’re thinking about such a move, state and local taxes should factor into your decision. Income, property and sales tax Choosing a state that has no personal income tax may appear to be […]