As the end of the year approaches, it is a good time to think of planning moves that will help lower your tax bill for this year and possibly the next.
On February 2, 2018 we held our annual State of the Firm. The staff has been moving and shaking throughout the last year. Numerous employees have shown their potential and talent, and they were rewarded for it.
Are you ready to file your tax return(s)?
Avoid the rush! The sooner you can file, the easier your life will be, and the more your CPA will appreciate you. The easiest way to do that is to make sure you’re ready for them. Don’t wait until the last minute if you can gather your paperwork early. The less rushed your CPA is, the better off you’ll be.
What it takes to score with employees
The popular job search site Indeed.com has ranked the best not-for-profits to work for based on employee reviews, providing some useful tips on what it is that not-for-profit employees value in an employer.
Commercial Real Estate for Women’s Dallas Chapter (“CREW Dallas”), a not-for-profit organization, recently named Shea Kracheck, Tax Principal at LGT, as the 2018 President-Elect. Over her four-year term, Shea will shepherd the Board of Directors in their responsibilities for setting goals, priorities, strategic objectives, and more.
With so much on their plates, it’s not surprising that cybersecurity isn’t at the top of some not-for-profits’ to-do lists.
But cyber risks are real and can prove costly in terms of both finances and reputation. Fortunately, you can take some proactive steps to reduce your risks without breaking the bank.
The annual gift tax exclusion will increase next year to $15,000, a $1,000 hike over this year’s figure and the first jump since 2013. This pertains to gifts made in 2018.
Source: "Employer Sponsored Disaster Relief Benefits" by Postlethwaite & Netterville ("P&N")
HOW EMPLOYERS CAN HELP EMPLOYEES
Many employers are now looking for ways to help employees in the wake of this crisis. A few ways employers can help employees include:
When was the last time you checked your tax withholding, when you signed that W-4 eight years ago? There are multiple factors that largely affect how much you owe each year. Be mindful of potential refunds or taxes that you could owe.
The IRS sends warnings of phishing emails scams, particularly those requesting last-minute changes and account updates.
Cybercriminals are taking the time when people are vulnerable, and creating sophisticated scams to trick anyone.