Income Tax

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December 15, 2017 

Tax Reform: House and Senate Reach Deal

House and Senate Republicans have agreed to a new tax reform bill – the Tax Cuts and Jobs Act – by ironing out their differences in conference. Now the measure faces a vote in Congress before it can become law. As expected, the final version of the ...

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December 7, 2017 

Tax Reform Bills Full Of Errors and Confilcts

The new tax reform bills that passed the House and Senate were built on the “need for speed.” Both versions were rushed along in the hopes of a final measure arriving on the president’s desk before Christmas. But haste makes waste and, in this case, ...

Ken Berry, JD

 Cannabis and Taxation – Where We Stand Today

November 22, 2017 

Cannabis and Taxation – Where We Stand Today

For those of you that are in the cannabis industry or just starting out, you have no doubt either been hit with a large tax bill or you are about to be. However, it doesn’t have to be that way. There are many steps that you can take legally just by ...

Craig Smalley

 Workers Who Quit Their Jobs Earn More?

November 7, 2017 

Workers Who Quit Their Jobs Earn More?

Job holders' wages grew by 4.4 percent and job switchers' wages grew slightly less by 3.3 percent year over year in the third quarter. On average, job holders' hourly wage levels were $10 more than that of job switchers. Tracking full-time workers ...

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November 7, 2017 

How to Get Ready for 2018 Income Tax Season and Get a Fast Refund

The IRS urges all taxpayers to file a complete and accurate tax return by making sure they have all the documents before they file their return, including their 2016 tax return. This includes Forms W-2 from employers, Forms 1099 from banks and other ...

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November 2, 2017 

Examining the GOP Tax Reform Proposal

The current graduated seven-bracket structure would be reduced to four rates of 12%, 25%, 35% and 39.6%. The previous plan was based on only three brackets with a top rate of 35% and didn’t specify income amounts. Thus, this new plans preserves the ...

Ken Berry, JD

 2018 Minimum Wage Changes  – State-By-State

November 2, 2017 

2018 Minimum Wage Changes – State-By-State

Twenty-seven states — plus Washington, D.C. — index their minimum wages to rise automatically with the cost of living. More states will index minimum wage increases annually, starting in the following years, like: Minnesota (2018), Michigan (2019) and ...