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The Internal Revenue Service recently issued the 2018 optional standard mileage rates to be used to calculate the deductible costs of operating an automobile for business,...
The tax reform legislation that Congress approved earlier this week was the largest change to the tax system in over 3 decades. The last time the U.S. tax code saw such a...
Parents and grandparents saving for college have an opportunity to put money aside in a tax-advantaged plan. Section 529 plans are available in all states and the District of...
Q. I'm using my personal car in my business. How much can I deduct on my tax return for the vehicle expenses? A. There are two basic ways to write off expenses for...
When IRS auditors begin the task of examining a company, they must first learn the in-house terminology utilized by the firm, as well as how records are maintained. In the case...
There is always a temptation to just sell off assets that you've accumulated and take the cash. But that generally results in a tax bill. There may be a way to profit more from...
Here are just five of the tax-smart decisions we can help you make during the year. If handled properly, they might significantly reduce your tax liability: 1. Should you buy or...
The end of the year is approaching so it's time to identify tax planning moves you should make before December 31st. The first step is for our firm to make a projection of your...
Like it or not, blockchain is here to stay, and accounting is one industry that is sure to see disruption. Blockchain began as the technology behind Bitcoin, the most popular...
Originally posted in January, the IRS has reissued proposed regulation that implements the centralized partnership audit regime. Mandatory implementation takes effect January 1,...