Author: Jason Heman

Social Security Benefits to Increase in 2020

If you or your family members receive Social Security and Supplemental Security Income (SSI), you will receive a 1.6% raise in your benefits in 2020.  The Cost Of Living Adjustment (COLA) will begin in January. Annual COLA adjustments take effect in January each year and are tied to any increase in the Consumer Price Index […]

Plan Now to Maximize Year-End Tax Deductions

New Year’s Eve is quickly approaching, but before you watch the ball drop and usher in 2019, make sure you’ve sent out those charitable donation checks. It has been almost a year since President Trump signed the Tax Cuts and Jobs Act into law.  As many of us know, the new law significantly limits itemized […]

Meals and Entertainment: What’s Deductible?

One of the most confusing aspects of the new tax law is the deductibility of business meals and entertainment expenses in 2018 and beyond. The Tax Cuts and Jobs Act (TCJA ) states that any expenses for entertainment, amusement, or recreation, such as golf outings and event tickets, are no longer deductible.  There was confusion about […]

What the New Tax Laws Mean for HNW Individuals

On December 22, 2017, the President signed the Tax Cuts and Jobs Act into law. The enactment marks the largest reform to the U.S. tax system since 1986. The Tax Cuts and Jobs Act has a wide-ranging impact on both individuals and businesses, as well as international tax law. Below is an outline of some of the […]