TCJA Tax Reform Sticks It to Business Start-Ups that lose money

Tax and Money Tip this Week:
TCJA Tax Reform Sticks It to Business Start-Ups that lose money
January 16, 2019 | No. 417

The Tax Cuts and Jobs Act tax reform added an amazing limit on larger business losses that can attack you where it hurts—right in your cash flow. And it works in some unusual ways that can tax you even when you have no real income for the year. When you know how this ugly new rule works, you have some planning opportunities to dodge the problem.

Click Here to read more about this.

Questions or Comments?
You can add comments on the blog, call 919-847-2981, or visit
our web site. We look forward to hearing from you.

Mark Vitek, CPA/PFS, CFP®
…until next week.

Advertisements
Posted in Tax and Money Tip of the Week | Tagged , , , , | Leave a comment

TMTW # 416 “Nanny Tax”

Tax and Money Tip this Week:
Nanny Tax
January 09, 2019 | No. 416

Click Here to get more details on taxes and household help from an article in the Wall Street Journal.

Questions or Comments?
You can add comments on the blog, call 919-847-2981, or visit
our web site. We look forward to hearing from you.

Mark Vitek, CPA/PFS, CFP®
…until next week.

Posted in Tax and Money Tip of the Week | Tagged , , | Leave a comment

TMTW #415 Retirement Distribution – “The 4% Rule”

Tax and Money Tip this Week:

Retirement Distribution – “The 4% Rule”

January 2, 2019 | No. 415

Click Here to read an article in the ‘Wall Street Journal”

regarding retirement distributions.

Questions or Comments?

You can add comments on the blog, call 919-847-2981, or visit

our web site. We look forward to hearing from you.

Mark Vitek, CPA/PFS, CFP®

…until next week.

Posted in Tax and Money Tip of the Week | Tagged , , , | Leave a comment

TMTW #414 – Client Meals still 50% Deductible

Tax and Money Tip this Week:
Client Meals still 50% Deductible
December 26, 2018 | No. 414

Click Here to read an article in the ‘Wall Street Journal” regarding client meal deductions.

Questions or Comments?
You can add comments on the blog, call 919-847-2981, or visit
our web site. We look forward to hearing from you.

Mark Vitek, CPA/PFS, CFP®
…until next week.

Posted in Tax and Money Tip of the Week | Tagged , , , , , | Leave a comment

TMTW #413 – Last-Minute Year-End General Business Deductions

Tax and Money Tip this Week:
2018 Last-Minute Year-End General Business Deductions
December 19, 2018 | No. 413

Your year-end tax planning doesn’t have to be hard. This article takes your daily activities and identifies easy year-end tax-planning moves you can make today. Our five strategies will increase your tax deductions or reduce your taxable income so that Uncle Sam gets less of your 2018 cash.

Click Here for more details regarding these strategies.

Questions or Comments?
You can add comments on the blog, call 919-847-2981, or visit
our web site. We look forward to hearing from you.

Mark Vitek, CPA/PFS, CFP®
…until next week.

Posted in Tax and Money Tip of the Week | Tagged , , , , , | Leave a comment

TMTW #412 – 2018 Last Minute Year-End Tax Strategies for Your Stock Portfolio

Tax and Money Tip this Week:
2018 Last-Minute Year-End Tax Strategies for Your Stock Portfolio
December 12, 2018 | No. 412

Your stock market portfolio can represent a little gold mine of opportunities to reduce your 2018 income taxes when you take advantage of the tax code’s offset game. The tax code contains the basic rules for this game, and once you know the rules, you can apply the correct strategies. In addition to saving taxes with the game of offset, you can also avoid paying taxes on stock appreciation by gifting stock to charity, your parents, and your children who are not subject to the kiddie tax.

Click Here for more details regarding these strategies.

Questions or Comments?
You can add comments on the blog, call 919-847-2981, or visit
our web site. We look forward to hearing from you.

Mark Vitek, CPA/PFS, CFP®
…until next week.

Posted in Tax and Money Tip of the Week | Tagged , , , | Leave a comment

TMTW#411 Do you have Unclaimed Cash with The State of NC?

Tax and Money Tip this Week:
Do you have Unclaimed Cash with The State of NC?
December 5, 2018 | No. 411

If you have unclaimed cash, banks sometimes will not call you.  If you have moved and the bank can not locate you they will turn the money over to the State of NC.

To see if you have money to claim, go to www.nccash.com or call the NC Department of State Treasurer’s office at 1-800-582-0615.
The claim may take 3 months to process.

You may have Christmas cash coming to you!

Questions or Comments?
You can add comments on the blog, call 919-847-2981, or visit
our web site. We look forward to hearing from you.

Mark Vitek, CPA/PFS, CFP®
…until next week.

Posted in Tax and Money Tip of the Week | Tagged , , | Leave a comment