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Reilly Tax Advisor

Tax-free fringe benefits help small businesses and their employees

Oct 17, 2018

In today’s tightening job market, small businesses need to offer not only competitive pay, but also appealing fringe benefits. Benefits that are tax-free are especially attractive to employees.

Reilly Tax Advisor

Business meals still deductible at 50% under IRS guidance

Oct 05, 2018

Good news for those who incur expenses for business meals. At least for now, such expenses still may be deducted on 2018 tax returns at the 50% rate.

Reilly Tax Advisor

Qualified Charitable Distribution could be more valuable to certain taxpayers under TCJA

Aug 14, 2018

The Qualified Charitable Distribution, which survived the Tax Cuts and Jobs Act of 2017, may be even more valuable now to certain taxpayers.

Reilly Tax Advisor

Why new tax law makes ‘kiddie tax’ more dangerous

Jul 24, 2018

Some parents and grandparents put investments in the names of young children or grandchildren to avoid taxes. But under the new Tax Cuts and Jobs Act, the so-called "kiddie tax" has sharper teeth.

Reilly Tax Advisor

Home green home: Save tax by saving energy

Jul 05, 2018

Certain green energy tax credits survived tax reform - temporarily. Learn how you can "go green" and save taxes at the same time.

Reilly Tax Advisor

Get started on 2018 tax planning now

May 04, 2018

For maximum tax savings, now is the time to start planning for 2018. It’s especially critical to get an early start this year because the Tax Cuts and Jobs Act (TCJA) has substantially changed the tax environment.

Reilly Small Business Advisor

What does the phrase ‘small business’ really mean?

Apr 26, 2018

You may think of your company as a typical American “small business,” the type that politicians talk about a lot. But what really constitutes a small business? Is everyone’s definition the same? The Small Business Administration has an answer.

Reilly Benefits Advisor

Health Savings Account contribution limit for 2018 reduced slightly for family plans

Apr 09, 2018

Among the unforeseen consequences of the new Tax Cuts and Jobs Act is an unusual reduction on the limits that Health Savings Account holders can contribute to their plans.

Reilly Tax Advisor

Casualty losses can provide a 2017 deduction, but rules tighten for 2018

Mar 15, 2018

If you suffered damage to your home during this winter's snowstorms, you will only be able to deduct the resulting "casualty losses" if the region receives a disaster declaration by the President.

Reilly Tax Advisor

How home office deduction will change in 2018

Jan 23, 2018

The home office deduction you take for the 2017 tax year may not be available to you for 2018.

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