Tax Planning and Preparation
Understanding the Secure Act
The SECURE Act is the most important legislation to impact the retirement planning space in many years. We highlighted the pieces we believe were important for most people in our recent economic update. However, we are including the synopsis from the House Committee On Ways & Means here so that you can read the abbreviated…
Read MoreThe SECURE Act for 401K & Business Owners
Congress recently passed—and the President signed into law—the SECURE Act, landmark legislation that affects the rules for creating and maintaining employer-provided retirement plans. Whether you currently offer your employees a retirement plan or are planning to do so, you should consider how these new rules may affect your current retirement plan (or your decision to…
Read MoreThe Setting Every Community up for Retirement Enhancement Act of 2019 (The Secure Act)
Provided below is the House Committee on Way & Means summarization of the SECURE Act.
Read MoreReason’s Top 10 Takeaways from the 2019 Tax Season
This tax season was one for the record books. It seemed like the question on the mind of everyone was, “How did the tax reform impact me?” Data provided by the IRS through 04/12/19 of this year provides us with some interesting information which we would love to share with you. We also have our…
Read MoreFebruary 2018 – Tax Cuts and Jobs Act Update
January 2018 – Tax Cuts and Jobs Act Update A note to our clients: In keeping with our goal of providing relevant and high-quality content we have sourced what we believe to be the most accurate representation of the coming changes to all our tax lives. This is a comprehensive update. Some of it will…
Read MoreSPECIAL REPORT on the proposed Tax Reform
SPECIAL REPORT: The Proposed Tax Reform. By Reason Financial – December 2017 Tax Reform is a monumental task. With competing interests, opportunity costs, and partisan politics, it is nearly impossible. While a cohesive tax bill has not yet reached President Trump’s desk, we are analyzing the House and Senate versions of the tax bill as they are currently…
Read MoreNovember 2016 – An End of Year Tax Update
An End of Year Tax Update Your Reason in Focus – November 2016 In keeping with our goal of providing relevant and high-quality content we have sourced what we believe to be the most current and well-presented tax update and planning letter available. Our usual practice is to develop all client communication in-house to ensure…
Read More2016 – Tax Update
Protecting Americans from Tax Hikes Act of 2015 CONGRESS RENEWS TAX BREAKS IN YEAR-END LEGISLATION The Protecting Americans from Tax Hikes Act of 2015 was signed into law on December 18, 2015. The law renews a long list of tax breaks known as “extenders” that have been expiring on an annual basis. This legislation makes…
Read MoreDecember 2015 – An End of Year Tax Update
The June Supreme Court decision upholding Affordable Care Act provisions eased some concern about the law’s effect on 2015 tax returns. Yet as year-end approaches, Congress once again has a lot of work to accomplish. While comprehensive tax reform is not on the schedule in the final months of 2015, the perennial “extenders” legislation is.…
Read MoreA Year End Tax Update
As we prepare to welcome in the New Year, we would like to highlight some changes to the tax code that may affect your filing situation.
2011 brought with it three new Acts: “Small Business Jobs Act of 2010”; “Tax Relief, Unemployment Insurance Reauthorization, and Job Creation Act of 2010”; and the “Comprehensive 1099 Taxpayer Protection and Repayment of Exchange Subsidy Overpayments Act of 2011”.
Following is a brief summary of how most taxpayers will be affected for 2011 and the upcoming 2012 tax year.
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