Tax Cuts and Jobs Act 2017- What it Means for You On December 20, the House passed the reconciled tax reform bill, commonly called the “Tax Cuts and Jobs Act of 2017” (TCJA), which the Senate had passed the previous…
Prepay Property Tax by December 31, 2017 to maximize deductions
With the 2018 tax reform finalizing, you may want to prepay your property taxes to take advantage of this deduction before it is limited to $10,000 between state and property taxes on your federal itemized deductions. We spoke with the…
Last Minute 2017 Year-End Moves in light of Tax Cuts and Jobs Act
Congress is enacting the biggest tax reform law in thirty years, one that will make fundamental changes in the way you, your family and your business calculate your federal income tax bill, and the amount of federal tax you will…
Accrual-basis taxpayers: These year-end tips could save you tax
With the possibility that tax law changes could go into effect next year that would significantly reduce income tax rates for many businesses, 2017 may be an especially good year to accelerate deductible expenses. Why? Deductions save more tax when…
2018 Quarter 1 Deadlines
Here are a few key tax-related deadlines for businesses during Q1 of 2018. JAN. 31: File 2017 Forms W-2 with the Social Security Administration and provide copies to employees, and provide copies of 2017 Forms 1099-MISC to recipients. FEB. 28:…