Tax Document Retention Guidelines for Small Businesses
You may have breathed a sigh of relief after filing your 2017 income tax return (or requesting an extension). However, if your office is strewn with reams of paper consisting
You may have breathed a sigh of relief after filing your 2017 income tax return (or requesting an extension). However, if your office is strewn with reams of paper consisting
With the April 17 individual income tax filing deadline behind you (or with your 2017 tax return on the back burner if you filed for an extension), you may be
If you received a large refund after filing your 2017 income tax return, you probably are enjoying the influx of cash. But a large refund is not all positive. It
While April 15 (April 17 this year) is the main tax deadline on most individual taxpayers’ minds, there are others through the rest of the year you also need to
When couples divorce, financial negotiations often involve alimony. The tax rules regarding alimony were dramatically changed by the Tax Cuts and Jobs Act (TCJA) of 2017, but existing agreements have
Typically, bond funds with low yields have relatively low risk. That does not mean that these funds are riskless, though. With interest rates expected to rise this year, all types
The good news is that the Tax Cuts and Jobs Act (TCJA) of 2017 lowered corporate tax rates from a graduated schedule that reached 35% to a 21% flat rate.
The Section 199 (Sec. 199) deduction is intended to encourage domestic manufacturing. In fact, it often is referred to as the ‘manufacturers’ deduction,’ but this potentially valuable tax break can
The break allowing taxpayers to take an itemized deduction for state and local sales taxes in lieu of state and local income taxes was made ‘permanent’ a little over a
By: Jim Lewis, CPA, PFS, CFP® The IRS announced on Friday, January 22, 2016 that the Federal Emergency Management Agency (FEMA) declared 33 Missouri counties disaster areas after the December storms.