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Exceeding Expectations. Always. — Business Advisors and CPAs

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Who can — and who should — take the American Opportunity credit?

Who can take the American Opportunity credit? If you have a child in college, you may be eligible to claim the credit (up to $2,500) on your 2016 income tax return.
Posted: March 28th, 2017 | Permalink

When An Elderly Parent Might Qualify As Your Dependent

Are you supporting an elderly parent? You might qualify for the adult-dependent exemption, which allows a deduction of up to $4,050 per adult dependent claimed on your 2016 tax return.
Posted: March 15th, 2017 | Permalink

When It Comes To Charitable Deductions, All Donations Aren’t Created Equal

As you file your 2016 return and plan your 2017 charitable giving, keep in mind the available deduction will vary based on a number of factors.
Posted: March 6th, 2017 | Permalink

Do You Need To File A 2016 Gift Tax Return By April 18?

If you made gifts to loved ones in 2016, a gift tax return may be required (or recommended).
Posted: February 21st, 2017 | Permalink

Can You Defer Taxes on Advance Payments?

Can you defer tax on advance payments to your business? Maybe.
Posted: January 24th, 2017 | Permalink