Adams' Biz Musings

Hurricane Michael Relief

Hurricane Michael has devastated large parts of the Florida panhandle and has caused significant damage inland through Georgia and beyond. The IRS has issued various reliefs to those residing in the effected areas.

Casualty Loss, disaster reliefAdam DitskyOctober 15, 2018hurricane michael, Tax Relief, Casualty Loss

Tax-free child care? Sure!

The new 529 plan rules don’t help everyone pay for K-12 education. There are other tax-saving options available!

Adam DitskySeptember 24, 2018

Ditsky Strategic Provides Financial Advisory Services for Matthew Wallack in Negotiations for his New Position as President & CEO of W Talent Group, LLC

Adam DitskyMay 23, 2018Advisory, Strategy, Press Release

High Tax States and the New Tax Bill - Will You be Rescued?

Residents of NY, CA and other high tax states face significant losses of itemized deductions specifically due to the new $10k SALT (state and local tax) cap. Will states come up with creative solutions to combat some of these changes?

Adam DitskyMay 9, 2018

Budgeting & the Cumulative Effect of Small Expenditures

The cumulative effect of small expenditures is a often overlooked analysis that allows minor adjustments to provide significant increases to your bottom line.

Adam DitskyMay 8, 2018

The New Tax Bill: Highlights, Myths Dispelled and the Flow Through Business Deduction

When it comes to the new tax bill, the basics you were accustomed to have changed and a whole lot of new stuff has been added. Following is a summary of some of the basic updates and a look at the new, and complicated, 20% deduction for flow through business entities.

Adam DitskyFebruary 19, 2018Tax Bill, 20% Business Deduction, Meals and Entertainment, standard deduction

The New US Tax Plan - How should I start thinking about it?

With only 11 business days left in 2017, there are some moves that should be on your radar and that you should be prepared to make IF the tax bill passes.

The New US Tax Plan - What to do now?

This past Friday, a furious day of adjusting, altering and hand writing tax legislation was followed by a late night/early morning vote. As you surely know, the Senate passed its version of tax reform at the end of a long day intra-party negotiating.

Tax Reform, LLC, S-CorpAdam DitskyDecember 3, 2017Tax Reform, Senate Tax Bill, SALT Deduction

What the GOP tax plan means for you (Hint: Nothing yet)

Ever since the tax plan was released earlier today, I have been teetering between a full dissection (high school bio fetal pig style) and a more cursory, surface review. I was reminded by a longtime industry colleague that tearing this plan down to it's nuts and bolts is probably a waste of time.

Adam DitskyNovember 2, 2017

California Wildfire IRS Relief

Delayed Filings, Quick-ish Cashflow from Casualty Losses and Free & Fast Copies of Previous Years Returns

Adam DitskyOctober 17, 2017