Blog | RJA CPA

SECURE 2.0 Adds New Escapes from the 10% Early Withdrawal Penalty

Ordinarily, you must pay a 10% penalty when you withdraw your money from an IRA or other retirement account before you reach age 59 1/2....

2022 Gala & Awards Dinner!

Congratulations to our President and Founder, Richard Augustine, for receiving the 2022 Humanitarian Award! This award is a testament to...

How to Deduct the Costs of Thinking about Starting a New Business

Are you thinking about starting a new business? If so, congratulations. We know it can, and probably will, be an exciting ride. But like...

Deduct 100 Percent of Your Business Meals under New Rules

As you know, we try to find multiple ways for you to legally deduct 100% of your business meal expenses versus the typical 50% Now,...

COVID-19: Tax Brief and Relief Provisions

As your business partner, R.J. Augustine is constantly monitoring the evolving situation of Covid-19. Governor Pritzker issued a Shelter...

Tax Saving Tips!

What's the difference between a Roth IRA and a Traditional IRA? Did you know that you can receive tax deductions off business meals?...

Creating More Business Meal Tax Deductions After the TCJA

Here's good news for business meals: the Tax Cuts and Jobs Act (TCJA) removed the "directly related and associated with" requirements...

When the Second Office in the Home Is a Principal Place of Business

When possible, you want to claim that your office in your home qualifies as a principal place of business, because this classification...

Are You Cheating Yourself by Using IRS Mileage Rates?

Suppose that, during May 2017, you buy a new $50,000 SUV that qualifies for both Section 179 expensing and bonus depreciation. You drive...

Get Money Back When You Hire Your Kids to Work in Your LLC or Sole Proprietorship

Estimated tax tip savings. Pay your child $8,000, for example, to work in your LLC or sole proprietorship and you could save $3,042. Your...

R.J. Augustine & Associates, Ltd., CPAs