Wealth Builders Weekly Tax Tips
When was the last time your CPA gave you an idea that actually made you money? Here at Wealth Builders, our team is passionate about delivering the best customer service possible to you while focusing on growing YOUR wealth . We serve both individuals and small businesses and pride ourselves on not only decreasing our clients’ tax liabilities, but also increasing their cash flows.
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Tax Reform Explained – Mortgage Interest Deduction
Happy Wednesday, everyone! It’s unreal to believe that we are already in the middle of February. “Tax Day” will be here in just 2 short months. I know we have […]
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Need That One Last Deduction?
For the most part, any deductions you planned to use towards your 2017 taxes needed to be made by December 31 of last year. That time has passed and 2018 […]
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Beware!
The first day to file your 2017 taxes is less than a week away! While everyone is rushing around and trying to get all of their filing information in order, […]
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Tax Reform Explained – Increased Child Tax Credit
Tax reform is still a mystery to many people. Just because the bill has passed and is now in full swing doesn’t mean that the majority people actually understand the […]
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Tax Reformed Explained – The Affordable Care Act
As promised, week by week, we will be taking a closer look at all the components of the new tax reform bill. This week’s topic deals with the Affordable Care […]
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Ready or Not, Here It Comes!
Good morning and happy Wednesday! Well, it FINALLY happened. The IRS has officially released that much anticipated information – the first day to file your 2017 taxes. And the magic […]
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Standard or Itemized….Which is Better?
Ah, the end of the year. Everyone feels all warm and fuzzy from giving generously over the holiday season. Now comes the time of year when the IRS wants to […]
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Get Ready…It’s Coming!
It’s mind-boggling to think that yet another year ended. The holidays have come and gone, and 2018 is now here. You know what that means – tax season is upon […]
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Tax Reform and Your Taxes
Well, the Tax Cuts and Jobs Act (H.R. 1) has passed, mainly starting in 2018, and if you are confused by how this new law will impact you, you’re not […]
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Place It In Service If You Want To Deduct It
Section 179 is a provision of tax law that allows owners of small businesses to expense rather than depreciate equipment purchases made during the year. It is also a popular tax-planning tool allowing business owners to reduce their income for the year by making last-minute year-end purchases. For 2017 up $510,000 ($255,000 for married taxpayers filing separate) of qualifying expenses can be written off. Qualifying property includes machinery, tools, computer equipment, certain leasehold improvements, etc.