Tax Liens 101: What Are They & How To Resolve Them – Foster Financial
Tax Cuts and Jobs Act: Bringing Benefits to the Small Business Owner – Foster Financial
In December 2017, the United States government voted to approve the Tax Cuts and Jobs Act. This bill offers the largest revision to American tax laws in decades. While there has been a bit of controversy over who will benefit from the new tax laws and whether it will succeed at its goal of strengthening […]
Small Business Tax Deductions Most People Miss – Foster Financial
Understanding the Different Types of Business Entities – Foster Financial
Before starting a new business, it is important to understand exactly what type of business entity you are going to establish. Each type of business entity has specific methods of reporting business activity to the IRS, so it’s important that you know which methods apply to you. So here is a quick breakdown of Sole […]
How the 2018 Tax Cut Law Changed 529 Plans – Foster Financial
Congress enacted the 529 savings tax exemptions back in 1996. The plans are named after section 529 of the IRS Code. Our November 2017 blog talked about the tax advantages of a college 529 savings plan. Originally designed as an incentive to save for college expenses, the plan provides both federal and state tax incentives. […]