Newsletter

1099-MISCELLANEOUS Federal vs. State

It’s never too early to start thinking about your 1099-MISC preparations for 2018.  The deadline for filing is January 31.  This may seem like a long way out, but do yourself a favor and reduce the last

June 12, 2018

Own a Business and have Taxable Income Under $315k? I have a deal for you…

Many people are aware that the tax rate for C-Corporations lowered to 21% across the board, but what many do not know is that there is a potential 20% deduction on Qualified Business Income (QBI) for owners

June 12, 2018

Impact of the Tax Cuts and Jobs Act of 2017 on Corporate Financial Statements

The accounting landscape in the United States was inundated at the end of 2017 with the impact of the Tax Cuts and Jobs Act (TCJA) on individuals and their personal tax returns.  Now that the tax deadline

June 12, 2018

Meals and Entertainment Expenses in 2018

One of the most talked about aspects of the Tax Cuts and Jobs Act (TCJA) were the changes made to business meals and entertainment expenses. With changes in law, come the necessary changes in how these expenses

May 9, 2018

Interest on Home Equity Loans

Does the buzz about the new tax laws have you second guessing your second mortgage? Second guess no more! The IRS has stated that taxpayers are, in many cases, still able to deduct interest on a home equity

May 9, 2018