News

  • Tax Reform Bill: Changes to Expect

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    On December 28, 2017, we posted some information on the new tax reform bill,H.R.1, the Tax Cuts and Jobs Act, passed by Congress on December 20, 2017.  Many of you are concerned about how the new bill will affect you—especially if you normally use itemized deductions (greater than the standard deduction) on your personal return, and if […]

  • Tax Reform Bill – Effective 2018

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    Now that the 2018 Tax Reform Bill has been signed into law and will be effective in the 2018 tax year, there is one question being asked from our clients more than anything else: Should I prepay 2018 property (or state income) taxes? Answer: From our professional resources, 2018 property tax pre-payments are not deductible when […]

  • PAYROLL CHECKLISTS AND YEAR-END REMINDERS

    As we head down the stretch to year-end 2017 now is the time to review your company’s goals, take advantage of any last-minute tax strategies and review your record-keeping. Payroll Year-End Checklist  Verify active and terminated employee data (addresses, name changes, emails) Determine any year-end bonuses Verify and review benefit information for your employees NOTE:  […]

  • New 2017 Mileage Rates from the IRS

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    Did you know that the IRS has released new standard rates for business, medical, and moving related mileage? Be sure to check out the full details by clicking here. And as always, if you have any questions, please give us a call. We’re here to help!

  • 10 IRS Red Flags: Are you in danger of an audit?

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    Did you know that there are several critical red flags in your tax return that will almost certainly draw higher scrutiny by the IRS? It’s true—the Internal Revenue Service uses both automated and human processes when selecting which tax returns to audit. Each return is compared with certain statistical norms, and any with anomalies are […]