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The AB&P journal

Useful answers for the decisions owners make every week.

Clear guidance on the financial, payroll, and people questions that tend to become urgent when no one explains them early.

Business · 2 min read ·

Key Self-Employed Tax Issues

Being an entrepreneur comes with its own unique set of tax challenges. Self-employment taxes can seem complicated and overwhelming, but they actually boil down to four important categories. According to Accounting Web…

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Taxes · 2 min read ·

The Complete Guide to Non-Taxable Money

Benjamin Franklin famously penned that “in this world nothing can be said to be certain, except death and taxes.” This tongue-in-cheek idiom has become a popular lament that seems to resurface each tax season. Small b…

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Community · 2 min read ·

Tax Strategies for Charitable Donations

Whether your business is making 7 figures and you’d like to create a legacy for your brand or you’re a small business owner simply looking to give back in your community, charitable donations can be a great way to use…

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Taxes · 2 min read ·

Tax Tips for Maximizing Your Social Security Benefits

Whether you’ve just surpassed the age restriction, recently retired, or are collecting due to disability, making sense of your Social Security benefits can be daunting. The first step to making the most of your benefi…

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News · 2 min read ·

IRS Issues New Safe-Harbor Rule for Real Estate

Section 199A of the recently passed Tax Cuts and Job Act (TCJA) establishes a new rule for deducting up to 20% of qualified business income for self-employed individuals. This news has the potential to significantly l…

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Community · 2 min read ·

Don’t Get Scammed By Your Tax Preparer

In an enlightening new study performed by YouGov and ACI Worldwide , an e-payment and banking technology provider, over 1,270 adults were surveyed to find that a frighteningly high percentage are at high risk of getti…

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Taxes · 2 min read ·

New Tax Break for 23AndMe DNA Testing

Obsessed with discovering all the quirks about your ancestry and what makes you You? Well, then it’s time to get excited because the IRS just made it that much more fun, by allowing a tax break for 23AndMe DNA testing…

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Taxes · 2 min read ·

Tax Filing Relief for Mobile Workers

It’s been a long time coming for mobile workers suffering under the tax nightmare of filing state and federal returns in every state their job requires them to visit throughout the year, but change is finally in the a…

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Taxes · 3 min read ·

The Lie Behind Car Allowances

In a recent report done by Motus , a respected vehicle reimbursement and management platform, a shocking level of waste was found in company-issued car allowances, caused by taxation. The study, titled Vehicle Program…

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Taxes · 3 min read ·

Adjusting Your Withholding for a Better Paycheck

We’ve talked about ways you can adjust your withholding for a cheaper tax bill before, but what about ways to give yourself a better paycheck? This year, the IRS’s annual study brought the average tax refund to be $2,…

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Taxes · 2 min read ·

Adjusting Withholding for a Lower Tax Bill

Do you often find yourself owing more than expected on your yearly tax returns? While there’s a multitude of ways you can try to save on your taxes, one way to reduce your yearly tax bill is to adopt a better “ pay as…

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Taxes · 3 min read ·

Tax Benefits for Military Personnel

When it comes to our nation’s armed forces if you or your spouse has served in the military, your sacrifice deserves acknowledgment – one of the ways the IRS says “thank you” is several notable tax breaks for members…

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