From the IRS: Small business owners should find out if they can benefit from claiming this deduction The home office deduction can help small business owners save money on their taxes. Taxpayers can take this deduction when they file their taxes if they use a portion of
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FROM THE IRS: Tax law changes in the Tax Cuts and Jobs Act affect almost everyone who itemized deductions on tax returns they filed in previous years. One of these changes is that TCJA nearly doubled the standard deduction for most taxpayers. This means that many individuals
Read more →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
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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!
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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
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