Rob’s Blog

Avoid IRS Tax Audit

  The Best Way to Avoid an Audit: Preparation Getting audited by the IRS is no fun. Some taxpayers are selected for random audits every year, but the chances of that happening to you are very small. You are much more likely to fall under the IRS’s gaze if you make one of several common […]

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Your New Life as a Pass-Through Entity Owner

Your New Life as a Pass-Through Entity Owner If you are a small business owner, your planning probably got a lot trickier after the passage of the Tax Cuts and Jobs Act (TCJA). That’s because most small businesses have legal structures that are treated as pass-through entities for tax purposes, meaning they “pass-through” income to […]

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Where Did Retirement Go?

Where Did My Retirement Go? How to locate lost retirement benefits For one reason or another, you may find yourself in a situation where you’ve lost track of a retirement account like a 401(k) or pension. There are several ways this can happen: Job change. People change jobs in today’s economy much faster than they did […]

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Tips for When Your Employees are Family Members

Tips for When Your Employees are Family Members Working with family can be a pleasure. It can also be a pain, especially if you have to terminate a family member’s employment. Here are tips to help you ease the strain of mixing your family and employee relationships: Hire for the right reasons. Make your hiring and […]

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Taxes and Virtual Currencies – What You Need to Know

Taxes and Virtual Currencies: What You Need to Know Virtual currencies are all the rage lately. Here are some tax consequences you must know if you decide to dip your toe in that world. The IRS is paying close attention The first thing to know is that the IRS is scrutinizing virtual currency transactions, so […]

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Reduce Your Property Taxes

Reduce Your Property Taxes With the passage of the Tax Cuts and Jobs Act, deductions of state, local and property taxes are not worth as much as they used to be. Beginning in 2018, taxpayers are limited to a total of $10,000 in combined state income, sales and property taxes as an itemized deduction. One […]

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Need Cyber Insurance?

Does Your Business Need Cyber Insurance? It’s a nightmare scenario few small businesses consider: hackers breach your computer system, steal your customer lists and threaten to exploit sensitive data. Data breaches by malicious individuals don’t just pose a financial risk. They threaten your reputation and can trigger litigation if your customers blame you for the […]

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Looking Ahead

Looking Ahead: Tax Reform in 2018 Congress has passed tax reform that will take effect in 2018, ushering in some of the most significant tax changes in three decades. Here are some major items in the new bill that impact individual taxpayers. Reduces income tax brackets. The bill retains seven brackets, but at reduced rates, with […]

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Avoid IRS Tax Audit

Avoid IRS Tax Audit The Best Way to Avoid an Audit: Preparation Getting audited by the IRS is no fun. Some taxpayers are selected for random audits every year, but the chances of that happening to you are very small. You are much more likely to fall under the IRS’s gaze if you make one […]

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New Tax Law Update from Cruise & Associates

Well everyone…. after months of hearing about it, the President signed into law The Tax Cuts and Jobs Act on Friday.  (More commonly know as the Tax Reform Bill.)  There are many provisions of this bill to cover, however, I just want to focus on a few things to get done before the end of […]

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