November 19, 2018
So, what's the earliest a person can get their tax refund back? With all the talk about tax reform, many taxpayers are eager to get their refunds this year. Will it be higher or lower?
November 9, 2018
Effective for 2018 through 2025, the TCJA completely eliminates the Schedule A deduction for miscellaneous expenses. This change can be especially harmful to employees who pay job-related expenses out of their own pocket.
October 11, 2018
Previously, a business taxpayer could deduct 50% of the cost of qualified entertainment expenses, if those expenses were properly substantiated. This included entertainment that was “directly-related” to or “associated with” the business.
August 30, 2018
All medical marijuana growers and dispensaries have very specific accounting requirements and are need of qualified Accountants and Bookkeepers to help them stay compliant as well as stay on top of their cash flow, inventory management, and ...
August 6, 2018
Accountant Cindy Laporta testified that Gates had sent her backdated documents to reduce Manafort’s tax liability in support of the existence of such loans. In one instance, Laporta says that Manafort leaned on her to help when his bookkeeper wouldn’t.
August 3, 2018
The Protecting Taxpayers Act (S.3278) would "amend the Internal Revenue Code of 1986 to provide additional protections to taxpayers," according to the official description. The bill was referred to the Senate Finance Committee. The bill is still a ...
July 3, 2018
The Internal Revenue Service has released a prototype of the new Form 1040 that hundreds of millions of Americans use to file their annual taxes. The new "postcard sized" form will be used for the 2018 income tax year, which most Americans will file ...
May 16, 2018
Many firms have a bonus structure in place to financially reward employees, but that’s not enough. More than a nice gesture, going above and beyond — much as your workers have done since at least January — when showing appreciation is a must to keep ...
April 25, 2018
New data released recently by several small business and government organizations show mounting evidence that the tax law isn’t helping Main Street small business owners grow their businesses, and that most small business owners don’t understand ...
April 24, 2018
More than a quarter of self-employed workers think they will pay more in taxes as a result of the recent tax reform, and almost 10 percent of self-employed workers didn’t know about the recent tax reform at all.
April 23, 2018
The deadline for millions of Americans to file their individual income taxes was April 17th (18th) this year, but it's not too late to claim deductions you may have missed. There are a couple of ways to do it, and it's not that hard.
April 18, 2018
The IRS announced on Tuesday that it has extended the tax deadline by one day to April 18, 2018. The move comes as many tax professionals and individuals encountered difficulties with the IRS website, particularly its Direct Pay system, which allows ...