Chris Eichmuller, CPA is a senior manager at Corrigan Krause. 

December came fast and the end of the year is quickly approaching. Questions are still looming about how tax reform will impact both individuals and business but it’s not too late to make tax planning moves to improve your tax situation for 2018.

Here’s what you should consider before the clock strikes midnight on December 31:

  • The Standard Deduction vs. Itemized Deductions: Many taxpayers who have historically
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Pat Lang is a senior associate at Corrigan Krause.

Accelerated depreciation is a tax strategy that businesses have been utilizing for quite some time.  There are two types of accelerated depreciation: Section 179 Depreciation and standard Bonus Depreciation.  A huge advantage of accelerated depreciation to business owners: the full cost of the purchase may be written off in the year that its placed into service, even if that asset is financed.  This post highlights eac Read More >>

Tax planning is an important part of personal finance, and everyone likes to save money! These tips from Chris Eichmuller, CPA can help you do just that:

 

 

The holiday season is upon us. So many people to see, cards to address, and so much food to eat. What a joyous- and hectic- time! One item that could be addressed before all the fun and excitement of last-minute gift wrapping is how can you prepare for, and save on, your individual taxes.

Here are just a few ideas to c Read More >>