Profile cover photo
Profile photo
Boyer & Ritter, LLC
6 followers
6 followers
About
Posts

Post has attachment
For investors, fall is a good time to review year-to-date gains and losses. Doing so can help you determine whether to buy or sell investments before year end to save taxes. You also need to consider the TCJA. While it didn’t change long-term capital gains rates, it did change the tax brackets. For 2018 through 2025, these brackets are no longer linked to the ordinary-income tax brackets for individuals. So, for example, you could be subject to the top long-term capital gains rate even if you aren’t subject to the top ordinary-income rate. Questions? Contact us.
Photo
Add a comment...

Post has attachment
While it still feels like summer across most of the country, fall is almost here and students are returning to school. For many teachers, that also means the return of out-of-pocket classroom expenses. Fortunately, they can enjoy a tax deduction for some of these costs.
Add a comment...

Post has attachment
When it comes to preventing and detecting fraud, knowledge is power. The Association of Certified Fraud Examiners’ biennial “Report to the Nations” provides companies and fraud experts with critical data. Here’s a short summary.
Add a comment...

Post has attachment
If you gamble, play your tax cards right with your wins and losses. Changes under the TCJA could have an impact. You must report 100% of your winnings as taxable income, but you might pay a lower rate on them because of TCJA rate reductions. Gambling losses are still allowed as an itemized deduction (up to your winnings for the year), but, with the standard deduction nearly doubled under the TCJA, you might no longer benefit from itemizing. Finally, “professional” gamblers face tighter limits on deducting their gambling expenses. Contact us if you have questions.
Photo
Add a comment...

Post has attachment
Individual expense reimbursement reports don’t typically involve significant sums. But when claims are fraudulent, losses can quickly add up. Take preventive action now.
Add a comment...

Post has attachment
You may be ignoring an important antifraud resource: your employees. Fraud experts can show staff how to spot and stop both general and job-specific threats. Learn more about antifraud training.
Add a comment...

Post has attachment
The Tax Cuts and Jobs Act (TCJA) liberalized the eligibility rules for using the cash method of accounting, making this method (which is simpler than the accrual method) available to more businesses. Now the IRS has provided procedures for obtaining automatic consent to change accounting method under the TCJA. If you’re eligible for both methods, consider whether switching would be beneficial. The cash method is typically preferable, but in some cases the accrual method is advantageous. We can help you make this decision and execute the change if appropriate.
Photo
Add a comment...

Post has attachment
Two of the 2018 estimated tax payment deadlines for individuals have already passed; the third one is coming up very soon. Here’s how to determine if you need to make a payment.
Add a comment...

Post has attachment
Even voicemail systems are susceptible to fraud. In the most common scheme, hackers call numbers until they’re transferred to voicemail and then try different combinations of numbers until they find the password. Once they’re in, they change the greeting to authorize collect or third-party calls, usually expensive international ones. Hackers may also use their access to listen to messages containing confidential business information. You and your employees can discourage hackers by creating unique passwords and changing them often. Contact us for more information.
Photo
Add a comment...

Post has attachment
There still may be time to undo your 2017 Roth IRA conversion. But think twice before converting this year because you won’t have the same flexibility with a 2018 conversion.
Add a comment...
Wait while more posts are being loaded