 Batley CPA Tax & Business Alert August 2019By: Batley CPA 
Tax document retention guidelines Tax document retention guidelines for small businesses Most small business owners probably breathed a sigh of relief after filing their 2018 taxes (or requesting an extension). They'll have a much easier time filing next year if their tax-related files (whether paper or digital) are culled of clutter. This article provides both general and business-specific tax document retention guidelines. Click here to view the full article. Consider the flexibility of a self-directed IRA Traditional and Roth IRAs can be relatively "safe" retirement-savings vehicles, depending on what they're invested in. But a drawback is that they limit investment choices. This article looks at an alternative: Click here to view the full article. Know a teacher? Tell 'em about this tax break! When teachers are setting up their classrooms for the new school year, it's common for them to pay for a portion of their classroom supplies out of pocket. A special tax break allows these educators to deduct some of their expenses. This article explains how the educator expense deduction has changed under the Tax Cuts and Jobs Act. Click here to view the full article. Planning for the net investment income tax Despite its name, the Tax Cuts and Jobs Act didn't cut all types of taxes. It left several taxes unchanged, including the 3.8% tax on net investment income (NII) of high-income taxpayers. This brief article defines the NII tax and urges you to explore strategies for reducing it if you must pay it. Click here to view the full article. View the tax calendar here. (http://batleycpa.com/ About Batley CPA Batley CPA, LLC (http://batleycpa.com/) Batley CPA is available to answer any questions you may have about tax document retention guidelines (http://batleycpa.com/ End
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