by John Boyle, CFP®, EA, CTC, CEPA | Apr 15, 2020 | Business Planning
Congress has authorized Economic Injury Disaster Loans and the Paycheck Protection Program just in time. The COVID-19 pandemic has upended all aspects of life around the world, including the world of business here in the U.S. If your business is struggling, you may be...
by John Boyle, CFP®, EA, CTC, CEPA | Apr 13, 2020 | Business Planning, Tax Planning
Here’s some possible good news: Congress decided to give you significant relief with self-employment and payroll tax credits due to the COVID-19 pandemic. If you own a corporation or you’re self-employed, then self-employment tax and payroll taxes are likely two...
by John Boyle, CFP®, EA, CTC, CEPA | Jan 21, 2020 | Education Planning, Estate Planning, Investment Planning, Retirement Planning, Tax Planning
As has become usual practice, Congress passed some meaningful tax legislation as it recessed for the holidays. In one of the new meaningful laws, enacted on December 20, you will find the Setting Every Community Up for Retirement Enhancement Act of 2019 (SECURE...
by John Boyle, CFP®, EA, CTC, CEPA | Jan 21, 2020 | Education Planning, Estate Planning, Tax Planning
In December 2017, Congress enacted the Tax Cuts and Jobs Act (TCJA) and changed how your children calculate their tax on their investment-type income. The TCJA changes led to much higher tax bills for many children. On December 19, 2019, Congress passed a bill that...
by John Boyle, CFP®, EA, CTC, CEPA | Dec 13, 2019 | Investment Planning, Tax Planning
The IRS recently issued new cryptocurrency guidance and is hot on your trail if you bought and sold cryptocurrency and didn’t report it on your tax return. Here are the tax basics. You’ll treat cryptocurrency as property for tax purposes....
by John Boyle, CFP®, EA, CTC, CEPA | Dec 7, 2019 | Tax Planning
The goal of this strategy is to get the IRS to owe you money. Of course, the IRS is not likely to cut you a check for this money (although in the right circumstances, that will happen), but you’ll realize the cash when you pay less in taxes. Here are five powerful...
by John Boyle, CFP®, EA, CTC, CEPA | Nov 12, 2019 | Business Planning, Insurance Planning, Investment Planning, Retirement Planning, Tax Planning
When you get busy with your business, it’s easy to forget about your retirement accounts and medical coverages and plans. But year-end is approaching and now is the time to take action. Here are the six strategies that you can implement before the end of the year....
