AHP Articles

Created: Wednesday, December 5, 2018

Tax Cheer for Holiday Gifts to Employees

With the holidays fast approaching, you might want to reward your employees for all their hard work in 2018. Gift-giving ideas include gift cards, holiday turkeys and achievement awards. Although your intent may be essentially the same in all these situations, the tax outcome for recipients of your goodwill may be quite different. Typically, it depends on the value and type of gift or award.
Created: Friday, October 19, 2018

IRS Issues Guidance Deducting Meals Bought During Entertainment

The IRS recently provided transitional guidance about the deductibility of expenses for business meals that are purchased in an entertainment context. (IRS Notice 2018-76) Until proposed regulations are published, taxpayers can rely on this guidance for the treatment of expenses for the business meals described.
Created: Friday, October 12, 2018

National Cybersecurity Awareness Month: Understanding Organizational Cyber Risks

Throughout October, AHP will be releasing several blog posts that look at the concept of cybersecurity from several angles. These posts will include practical takeaways to improve cybersecurity whether at your business, organization, or home. Today’s post looks at the concept of understanding several corporate or organizational cyber risks.
Created: Wednesday, October 3, 2018

Tax Reform: Which Changes Are Temporary vs. Permanent?

The Tax Cuts and Jobs Act (TCJA) includes a bevy of important tax changes for individuals and businesses. However, it's sometimes hard to keep track of which changes are permanent and which are scheduled to expire at the end of 2025 — unless Congress extends them.
Created: Tuesday, August 21, 2018

IRS Encourages Taxpayers to Check Withholding

Are you having enough money withheld from your regular paychecks? The Tax Cuts and Jobs Act (TCJA) has made several significant changes to the tax rules for individuals for 2018 through 2025. As a result, many taxpayers who previously itemized deductions are expected to claim the standard deduction, starting in 2018.
Created: Tuesday, August 14, 2018

Tax Law Expands Accounting Method Options for Small Businesses

Thanks to changes included in the Tax Cuts and Jobs Act (TCJA), many more businesses can now use the simpler and more-flexible cash method of accounting for federal income tax purposes. The new law also includes some other tax accounting changes that are good news for small businesses. Like many TCJA changes that apply to businesses, these provisions are permanent. Here's what you need to know.
Created: Wednesday, July 25, 2018

Retirement Plan Options for Business Owners

Business owners often have most of their money tied up in their companies, making saving for retirement especially challenging. Those who haven’t already set up a tax-advantaged retirement plan should think about setting one up this year. This brief article offers up a few options to consider.
Created: Thursday, July 12, 2018

Effects of the Tax Law Vary Based on Major Life Events

Change is part of life. The Tax Cuts and Jobs Act (TCJA) has brought sweeping changes to the federal income tax rules for individuals. But how will you and your family be affected? That depends on your specific circumstances.
Created: Tuesday, July 3, 2018

Home Green Home: Save Tax by Saving Energy

If you invest in certain green equipment at home, you can save green in the form of tax credits (not to mention the savings on energy costs going forward). Learn what qualifies and how much you can save.
Created: Tuesday, June 26, 2018

Finding a 401(k) That’s Right for Your Business

When ready to offer a 401(k) plan, business owners shouldn’t assume they’re limited to a “traditional” plan. There are other types of 401(k)s that may better suit your company.