The Newsroom
Financial and Accounting Updates and Information from Maggart
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From the Monthly Newsletter...
Is Now the Time for a Cost Segregation Study?
Because of the economic impact of the COVID-19 crisis, many companies may want to conserve cash and not buy much equipment this year. As a result, you may not be able to claim as many depreciation tax deductions as in the past. However, if your company owns real property, there’s another approach to depreciation to …
529s vs. Roth IRAs, which Is Better for College Savings?
Many people assume that a 529 plan is the ideal college savings tool, but other vehicles can help parents save for college expenses, too. Take the Roth IRA, for example. Whether you should use one or the other (or both) depends on several factors, including how much you intend to contribute and how you’ll use …
529s vs. Roth IRAs, which Is Better for College Savings? Read More »
Alternative Minimum Tax Less “Toothy” But May Still Take a Bite
For many years, the alternative minimum tax (AMT) posed a risk to many taxpayers in the middle- to upper-income brackets. The Tax Cuts and Jobs Act (TCJA) took much of the “teeth” out of the AMT by raising the inflation-adjusted exemption. As a result, middle-income earners have had less to worry about, but those whose …
Alternative Minimum Tax Less “Toothy” But May Still Take a Bite Read More »
