The new year has begun, it is time to start gathering documents and information for your tax advisor. This can be an overwhelming and time-consuming task. One choice is that we can send you an organizer that will summarize data you have sent in the past. To help manage the…
If you have a small business, are bank accounts reconciled? Are year-end credit card account and loan balances correct? Do you have W-9 forms from individuals that received a payment of $600 or more for services provided to you? Is your tax appointment scheduled? These are all things to start…
On December 22nd, 2017, President Trump signed into law the Tax Cuts and Jobs Act (TCJA). The biggest tax overhaul since the Tax Reform Act of 1986, the TCJA created more than a hundred tax provisions, with QBI being one of the most anticipated and talked about features of…
Big changes are happening to the kiddie tax for the years 2018-2025. The Tax Cuts & Jobs Act repealed the kiddie tax policy and replaced the tax rates applicable on dependents’ unearned income with the same rates that apply to trusts and estates. Unearned income includes taxable interest, ordinary…
