Church boards serve multiple masters. Tasked with guiding and keeping the mission-driven activities on course, board members can lose touch with the day-to-day financial operations. The board's responsibility for the ongoing monitoring of the church's fiscal matters is a fiduciary one. To do so, it must receive regular and accurate financial information.
As the 2019 tax season gets underway, tax professionals are working with a complex set of changes to the tax code as a result of the The Tax Cuts and Jobs Act. Amidst the many uncertainties of the new regulations, specific changes afford small business owners some important planning opportunities.
Have you begun to think about changes to make in the New Year? It's a good time to review your finances and pay particular attention to your retirement plan. Like most
As the end of 2018 quickly approaches, real estate investors and landlords are reviewing records in preparation for filing tax returns. The tax reform bill, known as the Tax Cuts and Jobs Act, enacted sweeping changes to the Internal Revenue Code that will apply to 2018 returns. Real estate investors and landlords stand to benefit from many of the new law’s provisions. It is important that year-end planning address these changes.
It’s the time of year when tax professionals are advising their clients to start thinking about tax preparation. It may seem premature – April is months away – but the advice is sound. It’s the first year that the Tax Cuts and Jobs Act will be in effect with many changes for individual filers. The earlier you begin prepping for your 2018 tax filing, the easier it will be for you and your tax professional to find your tax savings in the new law.
For churches, the holidays are one of the most strategic times of the year for fundraising. Donations pick up at the end of the year and are often critical to the financial well-being of the organization. In the flurry of receiving and recording these year-end donations, it is essential to manage their tax filing implications. While you are thanking donors for their generous support, make sure you include this critical filing information.
The true key to building wealth lies in building assets. Regardless of how much money you make, you can start converting your income into assets using tax strategies. The system is set up to go after income instead of wealth. The tax code offers incentives for asset building and your tax professional can advise you on the tax efficient strategies available.
As the end of 2018 quickly approaches, many small business owners are reviewing records in preparation for filing tax returns. The tax reform bill, known as the Tax Cuts and Jobs Act, enacted sweeping changes to the Internal Revenue Code that will apply to 2018 returns. It is important that year-end planning address these changes.
The end of the year is always a busy time for business owners. While juggling holiday planning, you also have to take care of some important business duties so you will have a successful year when the calendar flips over. Solid year-end tax planning helps you know where you stand in 2018 and how to prepare for 2019.
Investing in rental properties can help you reach your financial goals. But, being a good landlord takes practice, and no matter how much you read, there really isn’t a substitute for experience. That’s why many successful real estate investors and landlords depend on their property management companies. They say that a competent property manager can add significant value to the investment. Here are some of the benefits of skilled property management services: