Tax Time Is Around the Corner

Tax Time Is Around the Corner! Are You Ready?

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Tax time is just around the corner, and if you are like most taxpayers, you are finding yourself with the ominous chore of pulling together the records for your tax appointment. The difficultly of this task depends upon how well you maintained…
Resolve to Do These 3 Things in QuickBooks Online This Month

Resolve to Do These 3 Things in QuickBooks Online This Month

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‘Tis the season for making resolutions and setting goals. Try exploring these three areas to dig deeper into QuickBooks Online. By now, many New Year’s resolutions have already been made – and broken. Though they’re usually created…
Big Tax Changes for Divorce Decrees after 2018

Big Tax Changes for Divorce Decrees after 2018

Welcome to 2019 and a delayed provision of the tax reform, also known as the Tax Cuts and Jobs Act (TCJA). For divorce agreements entered into after December 31, 2018, or pre-existing agreements that are modified after that date to expressly…
6 Common Small Business Accounting Problems That Are Killing Your Growth

6 Common Small Business Accounting Problems That Are Killing Your Growth

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If you’re a small business owner, you want your organization to do far more than survive: you want it to thrive! Unfortunately, to make sure that customers are happy and the lights stay on there are a lot of details that need attention, and…
A Mid-Year Tax Checkup May Be Appropriate

Do I Qualify for an IRS Offer in Compromise?

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If you're facing outstanding tax debt that you cannot pay, you may want to consider looking into an Offer in Compromise from the IRS. Specifically, an Offer in Compromise is an option offered from the IRS to qualifying individuals that allows…
Will Gifts Now Using the Temporarily Increased Gift-Estate Exclusion Harm Estates after 2025?

Will Gifts Now Using the Temporarily Increased Gift-Estate Exclusion Harm Estates after 2025?

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Individuals with large estates generally want to gift portions of their estate to beneficiaries while they are still living, to avoid or lessen the estate tax when they pass away. That can be done through annual gifts (up to the inflation-adjusted…
2019 Standard Mileage Rates Announced

2019 Standard Mileage Rates Announced

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The Internal Revenue Service (IRS) computes standard mileage rates for business, medical and moving each year, based on a number of factors, to determine the standard mileage rates for the following year. As it does annually around the…
The 1099-MISC Filing Date Is Just Around the Corner – Are You Ready

The 1099-MISC Filing Date Is Just Around the Corner – Are You Ready?

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If  you engage the services of an individual (independent contractor) in your business, other than one who meets the definition of an employee, and you pay him or her $600 or more for the calendar year, then you are required to issue that person…
Last-Minute Tax Strategies

Last-Minute Tax Strategies

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Just a reminder that the last day you may make a tax-deductible purchase, pay a tax-deductible expense, take advantage of tax credits, or make tax-deductible charitable contributions for 2018 is Dec. 31. Every taxpayer’s situation is unique,…
Holiday Gifts with Tax Benefits

Holiday Gifts with Tax Benefits

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Some holiday gifts you provide to members of your family, employees and others may also yield tax benefits. Here are some examples: Electric Car Credit – If you purchase an electric car as a holiday gift for your spouse or even…