Several Tax Law Changes May Affect Bottom Line of Many Business Owners

The following article was published by the IRS.  The Internal Revenue Service is reminding business owners that tax reform legislation passed last December affects nearly every business. With just a month left in the year, the IRS is highlighting important information for small businesses and self-employed individuals to help them understand and meet their tax …

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How Pass-Through Income Will Be Taxed In 2018 For Small Business Owners

The new 20% Qualified Business Income deduction is now available to small business owners, courtesy of tax reform. Learn how the QBI deduction works, what entities are eligible, the phaseout ranges, the restrictions, and how services vs non-services businesses will be treated under the new tax rules.

Tax Reform Changes Affecting Small Businesses

The following article was published by the IRS. With just weeks left in tax year 2018, the Internal Revenue Service urges small business owners to learn about how the new tax law changes may affect them. The Tax Cuts and Jobs Act, passed in December 2017, made tax law changes that will affect virtually every business …

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To Everything There is a Season – Except Tax Scams

The following article was published by the IRS. Many people don’t really think about taxes once the tax season is over…but people promoting scams do. Each year, the IRS releases the top 12 scams, known as the Dirty Dozen. The schemes range from simple refund inflation to technical tax shelter deals. Here’s a review of …

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Summer Tips for Temporary Jobs, Marriage, Deductions, and Credits

The following article was published by the IRS. Before starting a summer job, taking a vacation or sending the kids off to camp, the Internal Revenue Service wants taxpayers to know that some summertime activities may qualify for tax credits or deductions. The IRS also recommends that taxpayers check the amount of their withholding taxes …

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