Planning Services | Premier Tax And Finance

Don’t Fall Behind in Saving for Retirement

by PTF | Jan 11, 2021 | Articles, Individuals, Planning Services

Article Highlights: Predicting Social Security Income Planning for the Future Employer Retirement Plans Tax Incentive Retirement Savings Plans Some folks have been tapping or suspending their retirement savings to make ends meet during this COVID-19 pandemic, and...

IRA Withdrawal Planning Can Save on Taxes

by PTF | Jan 10, 2021 | Individuals, Planning Services

IRA Withdrawal Planning Can Save on Taxes Article Highlights: Early Distributions Distributions After Age 59½ Minimum Required Distributions After Age 72 Excess Accumulation Penalty Estate Tax Issues Advance planning can, in many cases, minimize or even avoid taxes on...

Increased Business Meal Deductions for 2021 and 2022

by PTF | Jan 9, 2021 | Business Services, Planning Services, Resource, Tax Preparation

Increased Business Meal Deductions for 2021 and 2022 Article Highlights: Business Meals Under TCJA 100% Deduction for 2021 and 2022 Qualifications If you recall, the Tax Cuts and Jobs Act (TCJA), effective beginning in 2018, eliminated the business-related deduction...

New Business? Tax Issues to Consider

by PTF | Jan 8, 2021 | Articles, Business Services, Planning Services, Resource

Article Highlights: Business Entity Selection Start-Up Cost Elections Organizational Expenses Equipment Depreciation & Expensing Opportunities Vehicle Luxury Auto Rules Leasehold Improvement Expense Options In spite of COVID-19 restrictions many entrepreneurs are...

Sold or Thinking of Selling Your Home?

by PTF | Jan 4, 2021 | Articles, Individuals, Planning Services

Article Highlights: Home Sale Exclusion 2 out of 5 Rule Business Use of the Home Gain or Loss from a Sale Previous Use as a Rental Form 1099-S IRS Matching Records In spite of (or in some cases, because of) the COVID-19 pandemic, and with near-record-low home mortgage...

Tax Issues to Be Aware of as Year-end Approaches

by PTF | Dec 28, 2020 | Articles, Planning Services, Resource, Tax Preparation

Article Highlights Take Full Advantage of Your Deductions Traditional IRA Contributions at Any Age Make Charitable Contributions with IRA Funds Larger-than-Normal Charitable Contributions May Be Possible Deducting Charitable Contributions Without Itemizing Marital...