Parents are Winning with Increased Child Tax Credit

The child credit has long been a fan favorite of taxpayers for years. Now that the Tax Cuts and Jobs Act passed, it comes with added benefits — at least for a while. The following are key details that every family should know: Amount and Limitations For the 2017 tax...

Defining the Difference: Calendar Tax Year Vs. A Fiscal Tax Year

Many business owners use a calendar year as their company’s tax year. It is a simple method that aligns with most owners’ personal returns. However, for some businesses, choosing a fiscal tax year can make more sense. What’s a fiscal tax year? A fiscal tax year...