The TCJA Temporarily Expands Bonus Depreciation

Brandon DavisNews & Events, Taxes


There have been several stories in the media of late regarding the new tax law passed by Congress at the end of 2017.  Here are some provisions worth talking about for businesses.  The Tax Cuts and Jobs Act (TCJA) enhances some tax breaks for businesses while reducing or eliminating others. One break it enhances — temporarily — is bonus depreciation. … Read More

Could an FSA offer the benefits flexibility you need?

Brandon DavisNews & Events


Business owners have to make tough choices when it comes to providing benefits to their employees. Many companies, especially newer or smaller ones, may understandably prioritize flexibility and lower costs.  Health insurance plans have seen significant cost increases in recent years.   All that said, no one wants to get locked into a benefits offering that’s cumbersome to administer and expensive … Read More

Getting around the $25 deduction limit for business gifts

Brandon DavisTaxes


At this time of year, it’s common for businesses to make thank-you gifts to customers, clients, employees and other business entities and associates. Unfortunately, the tax rules limit the deduction for business gifts to $25 per person per year, a limitation that has remained the same since it was added into law back in 1962. Fifty-five years later, the $25 … Read More

Save More for College Through the Tax Advantages of a 529 Savings Plan

Brandon DavisNews & Events, Uncategorized

With kids back in school, it’s a good time for parents (and grandparents) to think about college funding. One option, which can be especially beneficial if the children in question still have many years until they’ll be starting their higher education, is a Section 529 plan.  The younger your child the more tax deferred growth they will realize in their … Read More

Are You Paying Too Much Self-Employment Tax?

Brandon DavisTaxes

Paying Too Much Self-Employment Tax?

I often get asked about self-employment taxes, and if there are ways to reduce this cost of doing business with structures that subject taxpayers to this level of tax.  Depending on the type of business and a few other factors there may be a solution that allows for a reduction in tax costs.  As a review, income that is generated … Read More