Although individual tax brackets have been lowered, many businesses will also reap the benefits of major changes. Here are some of the major changes: Corporations: The corporate tax rate for c corporations has been reduced to 21 percent from 35 percent. Hopefully this will encourage more investment and business activity in the United States due […]
Archives for February 2018
Are Children Really That Expensive?
Virtually every financial article regarding children makes you think that you will go broke if you have children. Between childcare, housing, food, diapers, vacations, clothing, activities, and especially college, they make it seem that you can’t afford to even think about children. The truth is that raising children is as expensive as you make it. […]
Did Your Tax Balance Catch You by Surprise?
What should you do if you file your tax return and then realize that you now have a large liability that can’t pay? First, don’t panic as there are several options for you: Installment Agreement: An installment agreement can be a good option for you, which can sometimes be requested when you file your tax […]