Getting Help With a Business Interruption Insurance Claim
To guard against natural disasters and other calamities, many companies buy business interruption insurance. These policies provide cash flow to cover revenues lost and expenses incurred while normal operations are limited or suspended. But buying [...]
Answers To Your Questions About 2020 Individual Tax Limits
Right now, you may be more concerned about your 2019 tax bill than you are about your 2020 tax situation. That’s understandable because your 2019 individual tax return is due to be filed in less [...]
Numerous Tax Limits Affecting Businesses Have Increased For 2020
An array of tax-related limits that affect businesses are annually indexed for inflation, and many have increased for 2020. Here are some that may be important to you and your business. Social Security tax The [...]
Can You Deduct Charitable Gifts On Your Tax Return?
Many taxpayers make charitable gifts — because they’re generous and they want to save money on their federal tax bills. But with the tax law changes that went into effect a couple years ago and [...]
Age-Related Tax and Financial Milestones
In an era filled with uncertainty, you can count on one thing: time marches on! This article covers some important age-related tax and financial planning milestones that you should keep in mind for yourself and loved [...]
Cents-Per-Mile Rate for Business Miles Decreases Slightly for 2020
This year, the optional standard mileage rate used to calculate the deductible costs of operating an automobile for business decreased by one-half cent, to 57.5 cents per mile. As a result, you might claim a [...]
Linkenheimer Team’s Eye Care Service Project to Nicaragua in January of 2020
We departed the night of January 14, 2020 on a graveyard flight from SFO to Houston to Managua. The intrepid travelers included first timers – Dana Breaux, Ernie Ceja, Charla Balkin, Jan Coulter, [...]
Help Protect Your Personal Information By Filing Your 2019 Tax Return Early
The IRS announced it is opening the 2019 individual income tax return filing season on January 27. Even if you typically don’t file until much closer to the April 15 deadline (or you file for [...]
IRS Launches New Identity Theft Website
The IRS has launched "Identity Theft Central," a new website devoted to identity theft and data security for taxpayers, tax professionals, and businesses. Available 24/7, the site provides resources on reporting identity theft and guarding [...]
4 New Law Changes That May Affect Your Retirement Plan
If you save for retirement with an IRA or other plan, you’ll be interested to know that Congress recently passed a law that makes significant modifications to these accounts. The SECURE Act, which was signed [...]