In a profession where we are all guided by the same accounting principles and tax regulations, personal relationships are truly what makes the difference.
At White & Claassen LLC, you’ll work with the best and brightest advisors who offer superior accounting and advisory services tailored to your unique needs and industry. Our team takes the time to understand your business and work collaboratively with you throughout the year to create a lasting connection. We are dedicated to helping you reach your personal and business goals, so let us handle the numbers and help you achieve your financial vision.
Rent-to-own businesses are unique and so is the financial expertise that our firm provides to help their owners succeed. Our financial professionals can help launch your rent to own business and...read more
Managing the complex finances of retail grocery businesses can be stressful, that’s why it pays to have an experienced team to partner with you. We help grocery store owners streamline and...read more
When you operate a rental business, you need a financial partner who understands the challenges that you face and how to manage them effectively. Our firm provides this specialized expertise. Whether your business has...read more
Operating a successful franchise can be overwhelming considering the complexity of tax regulations and the paperwork involved. Our professionals are intimately familiar with tax laws specific to the franchise industry, commonly...read more
The Tax Cuts and Jobs Act has changed how alimony will be treated for tax purposes to both spouses in a divorce. For divorce decrees executed on or before December 31, 2018, alimony is generally deductible to the payer, and taxable to the percipient. There are a number of requirements that must be met for payments to qualify as alimony under the tax law:
The Tax Cuts and Jobs Act (TCJA) has enhanced two depreciation-related breaks that are popular year-end tax planning tools for businesses. To take advantage of these breaks, you must purchase qualifying assets and place them in service by the end of the tax year. That means there’s still time to reduce your 2018 tax liability with these breaks, but you need to act soon.
As we approach the end of 2018, it’s a good idea to review the mutual fund holdings in your taxable accounts and take steps to avoid potential tax traps. Here are some tips.
Avoid surprise capital gains
Unlike with stocks, you can’t avoid capital gains on mutual funds simply by holding on to the shares. Near the end of the year, funds typically distribute all or...