It is way past April Fools, and it is time for everyone to get busy. There are only 4 more days for your pilgrimage for dear old Uncle Sam. April 15th is right around the corner, after which you might be able to catch the…
Author: Lisa Waterman
The Tax Cuts & Jobs Act Launches A New Deduction For Pass-Through Businesses
For tax years starting in 2018 through 2025, the Tax Cuts and Jobs Act (TCJA) created a new deduction for owners of pass-through business entities, such as sole proprietorships, partnerships, S corporations and limited liability companies (LLCs) that are treated as sole proprietorships, partnerships or…
Protect Yourself From Being Scammed!
Every year around tax time, it seems as if scammers are finding new and creative ways of separating consumers from their hard-earned monies. We get a few steps ahead, and they come up with something new. Ultimately though, the most important thing to do is…
Opting Out Of The New Partnership Audit Regime
The Bipartisan Budget Act of 2015 (BBA) changed how partnerships are audited. Proposed IRS rules for partnership audits under the law apply to taxable years beginning after December 31, 2017, but some partnerships can choose to opt out. If your business is organized as a…
4 Tips For Strengthening Cyber Security
We’ve seen headline after headline about massive data breaches at hospitals, financial institutions and major retailers. Small businesses are hardly immune…they too have sensitive information that makes them vulnerable, and today you can’t afford to just cross your fingers and hope for the best. Following…
The new tax reform law, commonly called the “Tax Cuts and Jobs Act” (TCJA), is the biggest federal tax law overhaul in 31 years, and it has both good and bad news for taxpayers. read more
The new tax reform law, commonly called the “Tax Cuts and Jobs Act” (TCJA), is the biggest federal tax law overhaul in 31 years, and it has both good and bad news for taxpayers. read more