AHP Blog

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.
Created: Tuesday, June 12, 2018

The Tax Impact of the TCJA on Estate Planning

The massive changes the Tax Cuts and Jobs Act (TCJA) made to income taxes have garnered the most attention. But the new law also made major changes to gift and estate taxes. While the TCJA didn’t repeal these taxes, it did significantly reduce the number of taxpayers who’ll be subject to them, at least for the next several years. Nevertheless, factoring taxes into your estate planning is still important.
Created: Wednesday, May 16, 2018

Scarcity of Health Benefits in Construction

Workers have begun to realize the significance of health care benefits, as the costs of insurance and other medical-related expenses continue to soar upward. But the construction industry has been slow to adapt
Created: Wednesday, May 9, 2018

Cost control takes a total team effort

That’s just the cost of doing business.” You’ve probably heard this expression many times. It’s true that, to invoke another cliché, you’ve got to spend money to make money. But that doesn’t mean you have to take rising operational costs sitting down.
Created: Sunday, May 6, 2018

New Tax Benefits of Hiring Your Child

Summer jobs can be an effective way to teach children about financial responsibility, encourage them to save for college or retirement, and provide them with spending money during the school year. If you own a business, consider hiring your child (or grandchild) as a legitimate employee. It can be a smart tax-saving strategy for employee and employer alike, especially under the Tax Cuts and Jobs Act (TCJA).