When the Tax Cut and Jobs Act went into effect in January 2018, many taxpayers stopped itemizing their returns. The reality, however, is not necessarily black and white. Unique...
Taxes
These Tax Mistakes Are Easy to Avoid and Costly to Make
Many small business owners approach tax season with a can-do attitude. This entrepreneurial spirit is admirable, but when it comes to compliance, it is usually best to leave tax...
2020 Standard Mileage Rates Announced for Business, Charitable, Medical, and Moving Purposes
The Internal Revenue Service recently issued the 2020 optional standard mileage rates. These rates, which adjust every year to account for inflation of fuel costs, vehicle cost...
Should You Pay Down Your Home Mortgage Early?
If you routinely have extra cash on hand after paying off your monthly bills, you might want to consider paying down your home mortgage balance faster than is required under your...
S Corps: Time for a Year-End Tax Projection
As the end of the year approaches, it's time to identify tax planning moves you should make before December 31st. The first step in the process is to engage our firm to make a...
IRS Finalizes Rule for Truncating SSN on W2
Final regulations from the Internal Revenue Service (IRS) give employers decision-making rights on whether to truncate their employees’ Social Security Numbers (SSN) on Form W2,...
The Taxpayer First Act
The Taxpayer First Act (the Act) of 2019 was signed into law on July 1, 2019. The bill, having gone through a few changes on its way to the president’s desk, passed with...
How the Taxpayer First Act Will Impact Nonprofits
The Taxpayer First Act (the Act) of 2019 was signed into law on July 1, 2019. The bill, having gone through a few changes on its way to the president’s desk, passed with...
As Legal Challenges Continue, Don’t Miss this EEOC Deadline
Legal skirmishes continue over whether the detailed employee pay data collection scheme (on top of the original basic employee census data) should be enforced. In 2017, the Trump...
NLRB Raises the Bar on Clarity of Employee Arbitration Agreements
Today, more than half of private employers without union-represented employees use binding arbitration agreements to resolve labor disputes, according to the Economic Policy...
