Resources

5 Tax Reform Clarifications to Prepare for Starting Now

The implications of the 2017 Tax Reform are coming into focus as proposed regulations have recently been issued. To help business owners effectively plan for 2018 taxes, we’ve narrowed down the top five planning tips that you should review and consider over the next few months. These provisions will require business owners to look at year-end tax planning in a whole new light. While the 2018 tax season may seem far away, it will approach quickly. The more you prepare for these changes now, the better.

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Fall 2018 IRS Update

Beware of charity scams during this year’s hurricane season. Criminals often take advantage of people who want to help natural disaster victims. It’s common for scammers to try to collect money and personal information by pretending to be a member of a charity or by creating a fake charity website.

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Why Your Tax Withholding Checkup Is a Must This Year

We all have annual medical, eyesight, and dental checkups. But how many of us take the time to do a tax withholding checkup? As a result of the new tax law changes, it is extremely important to conduct a tax withholding checkup this year. And it’s important to do your checkup sooner rather than later so you can avoid any year-end tax surprises.

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3 Tax-Friendly College Savings Options

With tuition costs rising each year, setting aside funds for college can be daunting. However, there are several tax options that may lessen the financial burden of college. We encourage you to review these plans with your family and your accountant to determine if one of them works for you.

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Working Past Retirement: How to Maximize Your Benefits

Age 65 has traditionally been when most people retire. In recent years, working past your mid-sixties is becoming more and more common. Working past 65 has many benefits, like continued income and employer-sponsored health insurance, but it could impact your Social Security and Medicare entitlements. If you’re planning on working past retirement, here are some helpful ways to plan so that you can make the most of your federally sponsored benefits.

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2018 Midyear Nonprofit Updates

Cray Kaiser recently attended the 37th Annual Conference for Not-For-Profit Organizations hosted by Chicago-Kent College of Law. The conference provided two major takeaways that will directly impact our nonprofit clients. If either of these topics raise questions for your organization, please do not hesitate to contact us today.

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Renting Your Second Home Is Not a Vacation from Taxes

Many of us dream of owning a second home, but a second property can be much more than your vacation destination. In addition to a getaway for your own use, renting out your second home is a great way to offset its expense and earn extra income. But just like other types of income, the IRS expects its share of tax if your property and its use fits their definition of a “vacation rental home.” Here are some ways to determine whether your second home qualifies as a vacation rental, what needs to be reported, and what you can deduct.

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What Our Clients Say About the CK Way

At Cray, Kaiser Ltd., we believe the relationships we build with our clients makes us more than just an accounting firm. Client satisfaction is our number one goal, which is why we regularly solicit feedback at the conclusion of projects through an online satisfaction survey. Through the use of the Net Promoter Score (NPS) method, we are able to determine if we are providing our clients with long-term value while developing their loyalty.

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