Unless something crazy happens this week, we have a new tax plan. If Congress-watchers are right, the House and Senate should vote to pass this new bill, and it will be signed by President Trump before Christmas. I’m writing this on Monday the 18th (a busy week...
We’re still waiting on Congress to reconcile the different tax reform plans passed by the House and the Senate, but we do know a couple things. First, it looks pretty certain that you’re not going to be able to deduct your state and local income taxes in...
As I write this, the Senate has passed their version of the tax reform bill, and now we wait for the final version of the bill. But here’s the big number: Four weeks. Apparently, Congress thinks it can enact a dramatic overhaul of the law, adding substantial new...
No matter the time of year, the IRS Audit and Enforcement people are always on the prowl for new cases, and their first step, should you find yourself in their crosshairs, is almost always the audit. Dealing with an audit, even if only via correspondence, is never fun...
It’s Cyber Monday, and as is my habit, this strategy note is being composed early in the week. Plenty to do this week, and gotta get ahead, after all. Did your Cleveland business run a sale for the holidays, or Cyber Monday or Black Friday? If not, you may have...
It’s a slower week, here in First Tax Relief World. Yes, it’s crazy (and a bit of a relief, to be frank) that we now find ourselves in Thanksgiving week. And I have some thoughts, which are perhaps a bit more meditative than normal, because of how this...
Have you noticed that traditional styles of advertising are getting more and more stale? That’s because the online world has torn down so many different barriers that we don’t realize how much has changed, until we take a look at the real numbers. And...
We deal with all kinds of businesses and organizations around here at Team First Tax Relief. And while I often address “for profit” organizations with these notes, many of those same strategies (cost controls, marketing, growth, management) apply equally...
More than being only bean counters or tax strategists for our Cleveland clients, we make it a point to study what works well for our most successful clients, and (with all confidentiality) pass along principles we’ve seen work in various businesses. On top of...
The final quarter is a great time to take a look at where things have gone for your Cleveland business, and that’s perhaps an obvious point. But now (before the holidays really hit), it might also be an even better time to take stock of where you are headed LONG...