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From the Headlines to your Bottom Line

Update on the New Business Interest Expense Limitation

The Tax Cuts and Jobs Act (TCJA) imposes a new limitation on deductions for business interest expense. The IRS recently issued guidance in the form of proposed regulations. The business interest expense limitation is a permanent change for tax years that began in 2018. Thankfully, many businesses are unaffected. Here's what you need to know.
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Is a New Individual Health Plan in Your Future?

If you currently have a conventional health plan through your employer, you could be in for a change. This is also true of employers who provide health insurance. Beginning in 2020, employers will have expanded freedom to simply give you some money to help you buy health coverage on your own. It's probable that many employees will seize the opportunity eventually. Here's what you need to know.
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Hot Midyear Tax Planning Ideas for Individuals

The second half of 2019 has begun. Have you given any thought to your current federal tax situation? Fortunately, you still have several more months to make changes. Here are some areas to consider including fine-tuning your investments, making tax-savvy gifts, converting IRAs and avoiding the alternative minimum tax to help lower your tax hit in 2019 and beyond.
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How We Add Up

"Our clients rely on Fust Charles Chambers to provide innovative thinking by anticipating changes in tax laws, accounting methods and industry and economic trends. At other times, our clients depend on us to act as a sounding board for their ideas and concerns. We’re proud to be part of our clients’ team with the purpose of assisting them in attaining their goals and objectives."

- Joseph L. Charles, Partner