Company Offered Education Programs

Company owners – are you thinking about paying for your employee’s education? There are four different routes you can choose from: Job-Related Education as a Working Condition Fringe Benefit Education Provided Under a Sec. 127 Educational-Assistance Program Qualified Tuiti

Deducting Mortgage Interest Under the New Tax Law

The Tax Cuts and Jobs Act (TCJA) made significant changes to the tax law. One of the many changes is the deductibility of home mortgage interest. Before the change, taxpayers could deduct mortgage interest on debt up to $1,000,000, plus an additional $100,00 for home equity debt. The

Required Minimum Distributions to Charity

If you are over age 70 1/2, you may be able to reduce your adjusted gross income (AGI) and receive a tax deduction for donating to your favorite charity. Generally, taking a required minimum distribution (RMD) from your traditional IRA increases your taxable income. However, you can c

Tax Withholding Adjustments

The tax reform legislation passed by Congress significantly changes the landscape for individuals effective January 1, 2018 and for several years thereafter. For many taxpayers, the changes made by the legislation present many tax planning challenges and opportunities. While the tax r

What’s Your Business Worth?

If you are thinking of selling your business, want to know its current worth, or are just generally curious where your business value stands, there are several options BWTP P.C. can offer you. A valuation is determined on what the seller intends on doing in a hypothetical sale. As a g