Category Individuals

26
Apr

Did you extend your tax return for 2018?

Many taxpayers filed extensions this year due to surprises and misunderstandings about the new rules under the Tax Cuts and Jobs Act. If you extended your tax return and didn’t pay an estimate of the tax you owe, be aware that interest and penalties are now accumulating. When you extend your tax return, it’s in …

4
Apr

Quick tips about tax deductions for individuals

As we’re in the final crunch period to complete 2018 tax returns, we’ve been answering numerous questions about tax deductions. Here are some of the most significant changes our clients are seeing and what they mean for your tax bill this year. Are my contributions to charity still deductible? The short answer: yes, if you …

28
Mar

Do you owe taxes for the first time in 2018?

Many people elect to have their income withheld at a higher rate in order to receive a large tax refund each year. While we generally don’t advise giving the government an interest-free loan, many enjoy getting the big payback in April. For 2018, the first tax year under the Tax Cuts and Jobs Act (TCJA), …

5
Mar

Dependent tax credits aren’t just for children

If you’re a parent, you may remember filing your taxes the year after your first child was born. Did you get excited about claiming a dependent on your tax return for the first time? Guess what: the Tax Cuts and Jobs Act doubled the tax credit to $2,000 for each dependent. Up to $1,400 of …

18
Feb

Your tax refund under the Tax Cuts and Jobs Act

You’ve heard all the hype about the new tax law. Perhaps your paychecks were a bit bigger in 2018. But lots of people have one question on their minds right now. Am I going to get a huge tax refund this year? Maybe. But maybe not. First, let’s look at what all the fuss is …

18
Dec

Do I need a tax projection?

As this year is coming to a close, many of us are already thinking forward to tax time. Now is the time to look at your full financial picture while there is still time to make financial decisions that will impact your tax burden. How do I get started on my tax projection? First, contact …

9
Nov

2018 Economic Update Webinar : Third Quarter

2018 Economic Update Webinar : Third Quarter We appreciate you joining us. The presentation is another in our continuing efforts to be more than just a CPA firm. We’re having great participation, got a very diverse, believe it or not, international group on our webinar today. Obviously, there’s considerable interest and to some degree concern …

8
Aug

2018 Economic Update Webinar : Second Quarter

2018 Economic Update Webinar : Second Quarter Thank you so much for joining us. And I want to welcome each and every one of you. We appreciate you joining us today. The presentation today is another in our continuing efforts to be more than just a CPA firm. We’re having great participation. We’ve got a …

20
Feb

IRS Fails to Notify 458,658 Identity Theft Victims

The Internal Revenue Service failed to tell nearly half a million victims of identity theft last year their information was being used by others for employment purposes, according to a new report, which attributed the failure to a computer programming error.   The report, from the Treasury Inspector General for Tax Administration, found the programming …

20
Feb

2017 Tax Services

We hope 2018 is off to a tremendous start for your family and you! At the request of many clients, we’ve decided to establish two new services for the 2017 tax season: 2017 TAX ACT COMPUTATION The first pertains to the 2017 Tax Cuts and Jobs Act. While we can all agree that there was …

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