We hope you had a fun and relaxing holiday! Though it's hard to compete with fireworks, there are some money-saving tips we wanted to share with you.
Individuals
Did You Know ...
Once you convert a regular IRA contribution to a Roth IRA, it can no longer be converted back into a regular IRA contribution. And in 2018, medical expenses are allowed as an itemized deduction to the extent they exceed...
> Get the rest here
10 Costly Tax Mistakes To Avoid
We're human. We're fallible. But because certain tax-related blunders can be financially painful, knowing which ones to skip will save you money.
> Here's a cheatsheet
Businesses
Leasing Assets to Your Corporation: A Simple Strategy To Save
If you're in a business where lawsuits are common, leasing assets may be more preferable to owning.
> Other reasons to lease
Section 179 vs. Bonus Depreciation: Which Is Better?
The rules on how business owners may deduct the cost of certain property have undergone some significant changes.
> What it means for your business
Not sure how to depreciate or expense? Call our office at 505-984-0646 to schedule your tax appointment.
Tax & Accounting Solutions LLC | Info@TaxSolutions-NM.com | 505-984-0646 1225 S St Francis Dr Ste C, Santa Fe NM 87505
