Have you had enough of tax simplification yet?

Don’t hold your breath waiting for your tax postcard to arrive in the mail before filing your 2018 tax returns. Many provisions in the new tax code are far from simple, although, overall we... Read More »

Under TCJA Business with Fiscal Year Designation will Pay a Blended Tax Rate

The Internal Revenue Service issued a notice to corporate taxpayers to provide more information about the tax rates they will be paying as they transition to the new tax law. The IRS noted that... Read More »

Business Owners Benefit from TCJA 100% Bonus Depreciation on Qualifying New and Used Vehicles

The Tax Cuts and Jobs Act (TCJA) has plenty of good news for small businesses, including very favorable first-year depreciation breaks for new and used vehicles used in the business. First, the... Read More »

Thanks to the Tax Cuts and Jobs Act - Small business optimism is at an all-time high

Small business optimism is at an all-time high.  The Tax Cuts and Jobs Act delivered the biggest tax relief for small businesses in American history, reduced the tax burden on the middle... Read More »

Understanding the Difference Between Marginal Tax Rates and Effective Tax Rates

One of the most misunderstood income tax concepts is the difference between the marginal tax rate and the effective tax rate.  Understanding the difference is crucial to making smart tax... Read More »

Are Online Shoppers Going To Be Hit With Sales Tax? 

Online shopping definitely has its perks. Consumers have the benefit of being able to shop from the comfort and convenience of their own homes. Moreover, given that web-based merchants have larger... Read More »

President Trump’s Tax Plan is Working for America

The Tax Cuts and Jobs Act signed into law by President Trump in December is already benefiting American families, workers, and companies. The United States will continue to reap the economic... Read More »

Changes to depreciation limitations on luxury automobiles and personal use property

The new law changed depreciation limits for passenger vehicles placed in service after Dec. 31, 2017. If the taxpayer doesn’t claim bonus depreciation, the greatest allowable depreciation... Read More »

First-year Bonus Depreciation: Temporary 100 percent expensing for certain business assets

The new law increases the bonus depreciation percentage from 50 percent to 100 percent for qualified property acquired and placed in service after Sept. 27, 2017, and before Jan. 1, 2023. The bonus... Read More »

Businesses can immediately expense more under the new law

A taxpayer may elect to expense the cost of any section 179 property and deduct it in the year the property is placed in service. The new law increased the maximum deduction from $500,000 to $1... Read More »

Tax Cuts and Jobs Act Creates Eliminates Most Miscellaneous Itemized Expenses

The Tax Cuts and Jobs Act (TCJA) eliminates write-offs for miscellaneous itemized expenses that were previously subject to the 2%-of-adjusted-gross-income (AGI) deduction threshold. That meant your... Read More »

Small Business Owners Benefit from Boost to Retirement Planning Strategy

The Tax Cuts and Jobs Act (TCJA) was signed into law by President Trump in December 2017. While the TCJA affects almost every single individual taxpayer to some degree, the changes also... Read More »

Businesses benefit long-term from Tax Cuts and Jobs Act

theloquitur.com/businesses-benefit-longterm-from-tax-cuts-and-jobs-act Rebecca Tompkins One of President Trump’s biggest legislative victory is the recent passing of the Tax Cuts... Read More »

Employee Benefits and the Tax Cuts and Jobs Act

lexology.com/library/detail.aspx Nexsen Pruet - James P. Rourke and Mike Brittingham As we move into the second quarter of 2018, now is a good time to remind employers about the significant... Read More »

Lawmakers May Vote on Making Key Provisions of the TCJA Permanent

taxfoundation.org/lawmakers-may-vote-making-key-provisions-tcja-permanent Erica York The Tax Cuts and Jobs Act (TCJA), passed by Congress in December 2017, made several... Read More »

Tax cut act switches alimony tax burden in 2019

pilotonline.com/inside-business/news/columns/article_6c629ee4-399e-11e8-8095-2bea5483ee71.html By Reeves Mahoney Have you been putting off finalizing your divorce? Well, you might want to... Read More »

Local leadership is key for successful Opportunity Zones

thehill.com/opinion/finance/382135-local-leadership-is-key-for-successful-opportunity-zones   State and local leaders nationwide were surprised to learn that the Tax Cuts and Jobs... Read More »

Adjustments to income vs. tax deductions vs. tax credits

news-herald.com/business/20180331/adjustments-to-income-vs-tax-deductions-vs-tax-credits-paul-pahoresky By Paul Pahoresky , For The News-Herald     Income tax... Read More »

Tax cuts are helping women keep more of what they earn

tucson.com/opinion/local/martha-mcsally-tax-cuts-are-helping-women-keep-more-of/article_cb17a13f-d889-5260-bfb1-b0b2f8d76020.html By Rep. Martha Mcsally Special to the Arizona Daily Star... Read More »

The tax cut’s pay raise

washingtontimes.com/news/2018/mar/29/how-the-tax-cut-and-jobs-act-provides-immediate-be By Tim Phillips ANALYSIS/OPINION: Everybody enjoys getting a pay raise. Last month, almost... Read More »

Inside the Tax Bill's $25 Billion Oil Company Bonanza

psmag.com/economics/tax-bill-oil-company-bonanza A Pacific Standard analysis shows the oil and gas industry is among the tax bill's greatest financial beneficiaries.... Read More »

Small Business Owners Respond to Tax Plan Changes

  lendedu.com/blog/small-business-owners-respond-to-tax-plan-changes In December 2017, sweeping tax plan changes were signed into law by President Trump. In our newest survey, we... Read More »

Take It Or Leave It: How The New Tax Plan Impacts Small Businesses

forbes.com/sites/brockblake/2018/03/24/take-it-or-leave-it-how-the-new-tax-plan-impacts-small-businesses AP Photo/Jacquelyn Martin It’s that time of year:... Read More »

Taxing Collectibles: What You Need to Know

barrons.com/articles/taxing-collectibles-what-you-need-to-know-1521950405   Forty years ago, architects Lucia Howard and David Weingarten began picking up European... Read More »

Tax Reform's Phase Two Should Make Middle Class Tax Cuts Permanent

forbes.com/sites/ryanellis/2018/03/26/tax-reforms-phase-two-should-make-middle-class-tax-cuts-permanent Speaker of the House Paul Ryan, R-Wis., joined from left by House... Read More »

Stock buybacks one of the many benefits of tax reform

thehill.com/opinion/finance/380208-stock-buybacks-one-of-the-many-benefits-of-tax-reform Tax reform is working. Three months into the year, the Tax Cuts and Jobs Act has resulted in higher... Read More »

How the new tax law creates a ‘perfect storm’ for Roth IRA conversions

marketwatch.com/story/how-the-new-tax-law-creates-a-perfect-storm-for-roth-ira-conversions-2018-03-26 For years I’ve lectured about the wonderfulness of Roth IRAs. While the new Tax... Read More »

The little-noticed tax law changes that could affect your return

marketwatch.com/story/the-little-noticed-tax-change-that-could-affect-your-return-2018-03-19 For 2018–2025, the Tax Cuts and Jobs Act (TCJA) eliminates write-offs for miscellaneous... Read More »

An opportunity for opportunity zones

By Tom Yamachika — The Tax Man | Sunday, March 18, 2018, 12:05 a.m. Whatever you may think of President Trump and the Republican-dominated Congress, they have thrown an... Read More »

Maryland Attempts to Reimpose Individual Mandate

Maryland is attempting to reinstate one of the most unpopular provisions of the Affordable Care Act (ACA): the individual mandate. The federal Tax Cuts and Jobs Act, signed into law in December,... Read More »

The 2017 Tax Cuts and Jobs Act: A Pandora’s Box for Higher Education

ogletree.com/shared-content/content/blog/2018/march/the-2017-tax-cuts-and-jobs-act-a-pandoras-box-for-higher-education The enactment of the Tax Cuts and Jobs Act of 2017 has raised a number... Read More »

Cracking the Code on the Tax Cuts and Jobs Act: How It Will Impact Your Business

smallbiztrends.com/2018/03/tax-planning-for-2018-small-business.html By Nellie AkalpMarch 14, 2018 Normally at this time of year, individuals and small business owners are solely focused... Read More »

Do You Have a Tax Strategy…Or Do You Just Wish You Could Pay Less in Taxes?

A proper tax strategy ensures you’ll pay the least amount of tax allowable by law, regardless of your business or investment situation. At Capital Advisory Group, our clients often ask:... Read More »

Survey finds Americans are wisely using extra cash from tax overhaul

nypost.com/2018/03/11/americans-are-wisely-using-extra-cash-from-tax-overhaul By Gregory Bresiger Christopher Sadowski Americans are happy about the recent tax cut and... Read More »

Tax Planning Services in Ellisville, MO

    You may be asking yourself why should I choose Capital Advisory Group? We are focused on delivering quality services to the growing population of small businesses and... Read More »