Archive for the Business Category

IRS News Release – 20 Percent Deduction of Qualified Income

On August 8, 2018, the IRS issued proposed regulations related to the Qualified Business Deduction (Section 199A) which allows for pass-through businesses and sole proprietorships to deduct 20% of their “qualified business income”. Section 199A is complex with many varying facets and limitations to the deduction, including

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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

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Business Depreciation Rules Had a Face Lift

Business depreciation rules had a face lift over the past few years.  The “Protecting Americans from Tax Hikes” (PATH) Act of 2015 recently and importantly made permanent some key components of the 2014 depreciation regulations—including the more generous accelerated first-year depreciation options (Section 179 and bonus depreciation).

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Payroll New Year and Year End Checklist

For Employers that process their payroll: Verify and update your State Unemployment Insurance rate prior to running first Payroll in the new 2016 year Before processing W-2’s, verify 2015 employees’ data, update phone, address, email etc. Review and update employees W-4 / federal withholding status if necessary

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Professional Certifications

Hours & Location

Mon-Th 8:30 am - 5:00 pm
(closed 12 - 1 pm for lunch)
Fri 8:30 am - 12:00 pm (Jun - Aug)
4004 Gateway Dr Ste 180
Colleyville, TX 76034
(817) 545-1277