Our Blog

  • Selling Your Home? Consider These Tax Implications.

    By Abbott Pratt & Associates

    Most consider spring and summer to be the optimum seasons for selling a home. And interest rates are currently attractive, so buyers may be out in full force in your area. During a recent conversatio

    ...

    Read More

  • Now is a Good Time to Check Your Withholding

    By Abbott Pratt & Associates

    It’s a good time to check your withholding and make changes, if necessary.

    If you were listening to the news during tax season you would have heard that the 2019 filing season resulted in surpr

    ...

    Read More

  • Tax Savings for Electric Vehicles Purchase

    By Abbott Pratt & Associates

    While the number of plug-in electric vehicles is still small compared with other cars on the road, it’s growing — especially in certain parts of the country. If you’re interested in purchasing

    ...

    Read More

  • Starting a Business? How You Should Treat Expenses on Your Tax Returns.

    By Abbott Pratt & Associates

    Have you recently started a new business? Or are you contemplating starting one? Launching a new business is a hectic, exciting time. And as you know, before you even open the doors, you generally ha

    ...

    Read More

  • Still Working After Age 70 ½? You Might Not Have to Begin 401(k) Withdrawals

    By Abbott Pratt & Associates

    If you participate in a qualified retirement plan, such as a 401(k), you must generally begin taking required withdrawals from the plan no later than April 1 of the year after which you turn age 70½

    ...

    Read More

  • Deducting Business Meal Expenses Under Today’s Tax Rules

    By Abbott Pratt & Associates

    In the course of operating your business, you probably spend time and money “wining and dining” current or potential customers, vendors and employees. The big question is, what can you deduct on

    ...

    Read More

  • The 2018 Gift Tax Return Deadline is Almost Here

    By Abbott Pratt & Associates

    Did you make large gifts to your children, grandchildren or other heirs last year? If so, it’s important to determine whether you’re required to file a 2018 gift tax return — or whether filing

    ...

    Read More

  • Still Time For Small Business Owners to Set Up a SEP Retirement Plan for 2018

    By Abbott Pratt & Associates

    If you own a business and don’t have a tax-advantaged retirement plan, it’s not too late to establish one and reduce your 2018 tax bill. A Simplified Employee Pension (SEP) can still be set up fo

    ...

    Read More

  • Should You Lease or Buy That New Piece of Equipment?

    By Abbott Pratt & Associates

    Recent changes to federal tax law and accounting rules could affect whether you decide to lease or buy equipment or other fixed assets. Although there’s no universal “right” choice, many busine

    ...

    Read More

  • What to Watch For When Receiving Incentive Stock Options

    By Abbott Pratt & Associates

    Incentive stock options (ISOs) are a popular form of compensation for executives and other employees of corporations. They allow you to buy company stock in the future at a fixed price equal to or gr

    ...

    Read More

1 2 3

Request More Info

Your email address will not be published. Required fields are marked *