Topics & tips about accounting, taxes, business, personal finance, and more!
Whether you have a small gathering at the office or take your employees out to dinner and drinks, it’s important to know what you can deduct from your company holiday party. Under President Trump, important changes have been made to meals and entertainment and it’s important to know what qualifies for deduction. WHAT CHANGED? While the deduction
The day before Thanksgiving is considered the busiest travel day of the year, as people fly, drive, and take trains to their families to celebrate the holiday. An estimated 54.3 million people are expected to hit the road on Thanksgiving Eve, according to Triple A. What about if you are on the go for business
This week’s blog focuses on one of our favorite changes in the Tax Cuts & Jobs Act (TCJA): Child Tax Credit (CTC). It can be a confusing topic to figure out on your own. In addition to our blog posts, be sure to check out our social media accounts. On Thursdays, we specifically compare the
Staying up to date with the latest technology is one of our main focuses. It allows us to be more efficient and work towards being the #FirmOfTheFuture. With many technology tools, we can advance our firm and strengthen the relationships with our clients. We strive to have a technology strategy that is fast, easy to
Have you looked at the amount you are withholding from your paycheck? You may have noticed an increase in your take home pay this year. Under the new Tax Cuts & Jobs Act, the standard deduction has doubled, personal exemptions have been eliminated and tax rates have dropped. Sounds good, right? The updated 2018 W-4 was
Businesses Section 199A (Qualified Business Income Deduction) One of our favorite additions! When calculating the “Pass Through Deduction” if your taxable income (line 43 on your 1040) is less than $315,000 married filing joint or $157,500 for other filers you automatically get the 20% deduction of Qualified Business Income (QBI).Once your taxable income exceeds these