Tax Planning and The Tax Cuts and Jobs Act The tax year 2018 is quickly ending. The Tax Cuts and Jobs Act (TCJA) makes tax planning more challenging this year, but certainly not impossible. Over the following weeks, we will be discussing various aspects of the TCJA, which must be considered to maximize the tax …
It’s year end, do you know what your inventory number is? It is not uncommon to finish the year end inventory count and find that the company needs to make a significant adjustment to their books. While the year end inventory count is a valuable internal control, only checking inventory once a year can lead …
5 little-known tax surprises you should be planning for now
Plan ahead to avoid tax surprises if you’re involved in a lawsuit, receive scholarship funds, inherited an IRA, deduct state/local taxes, or like to gamble.IRS drafts tax return for seniors, updates 1040 for 2019
The Internal Revenue Service has posted a draft version of a new tax return for senior citizens, as well as a new draft version of the Form 1040 for 2019 that taxpayers and practitioners will be filin...