One of the biggest and most talked about changes in the Tax Cut and Jobs Act passed in December is the decrease of the business tax rates. If you are a business owner, I am sure you are wondering if you get a tax cut and if so, how much?
Change is in the air, at least when it comes to taxes. There is both good and bad within the new Tax Cuts and Jobs Act (TCJA) that was signed into law in late 2017; however, for most businesses a positive impact is expected. You have probably heard a lot about tax reform in the past month, but what are the things your business should know about right now to proactively plan for your 2018 tax return?
As I am sure you have heard, Congress passed new tax legislation just in time for President Trump to call it a Christmas gift from the White House. Well, we are yet to see how much of a gift it is, but one thing we do know is that it is going to change how your taxes are figured and, for at least the next year, it will complicate your tax return. So what was included in this gift? Let’s unwrap it and see.
Christmas shopping, holiday parties and tax planning are all items on your to-do list for December. What? You don’t have tax planning on your list? Well, here a few reasons you might want to add it. Read More
I have to admit that I have been fairly pessimistic that any tax reform will happen, especially in 2017. However, I am hearing from more and more national sources that it is looking more likely to happen. But there are still lingering questions: When will it be enacted? Will it affect 2017? What will be included in the bill? Here is what I am hearing. Read More
As the days get shorter, the weather gets cooler, and the leaves start falling, we start to think of fall and winter. As a CPA, my thoughts turn to year end and of course, tax planning. But you may wonder, “Why should I do tax planning?”
When the Protecting Americans From Tax Hikes (PATH) Act of 2015 was enacted on December 18, 2015, one of the provisions of the Act retroactively renewed the research and development (R&D) credit and made it permanent.
The Senate recently released the draft of their health care billed named The Better Care Reconciliation Act of 2017 (BCRA), which replaces many of the tax provisions of the Affordable Care Act (ACA). If paying less tax is better for your heath, then this bill should give you a boost. Here is a summary of the key tax provisions included in this bill. I will leave the analysis and any questions you have on the health insurance side of the bill related to changes in cost, coverage and availability to my fellow Business Warrior, Janis VanAhn. Read More
One of my associates, Kelsey Cervantes, our marketing supervisor, wrote the following blog. Although it is not directly related to accounting, I thought that it was a great piece to help small businesses grow their revenue, which is a goal we have with all our clients.
Recently, a colleague of mine and her husband experienced what it’s like to find out you have a credit report error… the hard way. She is hoping her experiences will allow others to see the importance of staying on top of keeping a clean credit report and how simple it can actually be. Read on for her story!
Well, it is that time again! Time to get your tax returns done and filed. You may have already filed your returns – or at least gotten your information to your CPA or tax accountant. But if you have not, this is a reminder of the new due dates for business tax returns.
It seems like I get an alert daily telling me about another scam that is trying to trick us into giving out our personal information or into downloading a virus or malware onto our computers. This past week I heard of two more scams that are targeted at small businesses. I am passing a few of these current scams on to you and am hopeful that you will pass them on to others to keep anyone else from becoming a victim of one of them.