Fit Money CPA New Tax Cuts and Jobs Act Final Year End Planning Session – Limited Seating.
http://bit.ly/2JQjrYA 

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We will be closed Thursday and Friday to be with our families and friends.
So much to be grateful for this year! 

Join us December 3rd for our Fit Money CPA New Tax Cuts and Jobs Act Final Year End Planning Session http://bit.ly/2KlJgjs 

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Tax reform expands availability of cash accounting

The cash method of accounting offers greater tax-planning flexibility, allowing some businesses to defer taxable income. Under the TCJA, if your business’s average gross receipts for the previous three tax years are $25 million or less, you generally will now be eligible for the cash method for federal tax purposes, regardless of how your business is structured, your industry or whether you have inventories. Newly eligible businesses should determine whether the cash method would be advantageous and, if so, consider switching methods. Contact us 502-454-2755 to learn more.

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It’s not too late: You can still set up a retirement plan for 2018.

If most of your money is tied up in your business, retirement can be a challenge. So if you haven’t already set up a tax-advantaged retirement plan, consider doing so this year. There’s still time to set one up and make contributions that will be deductible on your 2018 tax return. And funds can grow tax deferred. If you have employees, they generally must be allowed to participate in the plan, provided they meet the requirements. But you might be eligible for a $500 tax credit for setting up the plan.
Would you like to set up a plan this year? Contact us 502-454-2755

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