taxes

Proven Strategies: End-of-Year Tax-Saving Tips

In horse racing, the contest is not over until the horse crosses the finish line. The same is true with maximizing your tax deductions and minimizing your taxes. For those who think it is too late to save on your 2020 taxes, we are here to tell you, it is not! With over 40 years' experience saving our clients taxes along with our knowledge of the new tax laws, we are confident the following information will help you as you approach the 2020 home stretch and allow you to hit...

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Proven Strategies: If You are an Independent Contractor, What Tax Deductions Are You Entitled to?

COVID-19 has changed the way we go about our daily lives. It has also increased the number of individuals who are self-employed and have no other employees, also known as independent contractors. The formal definition of an independent contractor is a person or entity contracted to perform work for, or provide services to another entity as a nonemployee (meaning that the employee is "at will" and not eligible for an employer's health or retirement benefits). The general rule is that an individual is an independent contractor if the payer has...

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NTRA & Dean Dorton to Host Tax Webinar

Kentucky CPA firm Dean Dorton and the NTRA will host a webinar Feb. 20 focusing on key federal tax reform items for horse and farm owners. The webinar will be hosted by Dean Dorton's Jen Shah, Director of Tax Services and Equine Team Leader, through NTRA.com and will run from 1-2 p.m. EST. "The NTRA is pleased to collaborate once again with the experienced equine tax accountants at Dean Dorton," said Alex Waldrop, President and CEO of the NTRA. "Dean Dorton's team is among the best at communicating the insights...

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