Can You Deduct Entertainment & Business Meal Expenses? (Updated 2020)

Steven G. Albert, CPA, MST Tax Planning For Businesses, Tax Reform Leave a Comment

(This article has been updated to reflect clarifications in the deductibility of business expenses for employee social gatherings) Wining and dining clients, prospects and business contacts has been, and continues …

estate planning

Estate Planning Under the New Tax Law: Opportunities and Traps

Steven G. Albert, CPA, MST Personal Finance, Tax Planning For Individuals, Tax Reform Leave a Comment

The Tax Cuts and Jobs Act of 2017 (TCJA) is a significant tax reform measure that impacts all federal tax laws. And instead of repealing federal gift and estate taxes, …

year-end tax strategies for businesses

6 Year-End Tax Strategies for Businesses

Steven G. Albert, CPA, MST Tax Planning For Businesses, Business Management, Tax Reform Leave a Comment

As you enter the final stretch of the year, it’s time to figure out how to limit your business’s tax liability for 2019. Make sure your year-end tax planning is …

year-end tax strategies

7 Year-End Tax Strategies for Individuals

Maria Grinkrug, CPA Tax Planning For Individuals, Tax Reform Leave a Comment

With the end of the year quickly approaching, it’s time to plan how you will limit your personal tax liability for 2019. You will want to be sure your year-end …

taxpayer first act

Everything you need to know about the Taxpayer First Act

Glass Jacobson Financial Group Tax Planning For Individuals, Tax Reform Leave a Comment

As of July 1, 2019, the Internal Revenue Service has been put on notice. The Taxpayer First Act has been passed by Congress with bipartisan support, and signed into law …

Student Loan Debt Relief

Maryland Taxpayers May Qualify for Student Loan Debt Relief Tax Credit

Monica L. Sarver, EA Tax Planning For Individuals, Tax Reform 5 Comments

At Glass Jacobson, our tax preparation team is always looking for ways to save our clients money. If you live in Maryland, you may not be aware of the student …