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tax-deductions1

November 27, 2018 

Fewer Taxpayers Expected to Itemize Deductions in 2019

The TCJA doubles the standard deduction amount for all filing statuses. The standard deduction is a dollar amount that reduces the amount of income on which a taxpayer is taxed and varies according to their filing status. Because of this, many ...

 How Long Should You Keep Income Tax Returns and Records?

November 26, 2018 

How Long Should You Keep Income Tax Returns and Records?

The IRS generally recommends keeping copies of tax returns and supporting documents at least three years. Employment tax records should be kept at least four years after the date that the tax becomes due or paid, whichever is later.

 Year-End Services to Offer Your Business Clients

November 21, 2018 

Year-End Services to Offer Your Business Clients

This is the time of year that lists are made (and checked twice). It’s also a great time for CPAs to consult with clients and offer much-needed year-end advice. Here’s a year-end checklist for critical end-of-year tasks to get your clients in top shape...