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Tax Cuts and Jobs Act
On Friday, December 22, 2017, the “Tax Cuts and Jobs Act” was signed into law by President Trump. Most of these provisions go into law January 1, 2018. We have put together a side-by-side comparison of current law and the “Tax Cuts and Jobs Act” changes. There are numerous tax planning issues facing both individuals and business owners.
Read MoreTax Deductions for Uber and Lyft Drivers
Now that Uber and Lyft are here in Key West, they will need local drivers. These drivers will be able to take certain tax deductions based on being an Uber driver. Some of the more common ones are:
Read MoreHurricane Irma Tax Relief
H.R. 3823, the “Disaster Tax Relief . . . Act of 2017” gives tax relief to victims of Hurricane Irma. Here are some of the ways that this Act does this.
Read More2017 Charitable Contributions
Some recent tax deduction changes make 2017 a great year for charitable giving. Here are ways to donate that also give you a tax deduction.
Read MoreLobster Season in Florida means tax breaks for your business
Lobster season in Florida can be beneficial to local businesses in more than one way. This article covers a few tips to help your business get the most from this bump in island visits.
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