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IRS Suggests Taxpayers Check Their Withholding in Light of Tax Laws

With the passing of the new tax laws and taxes recently filed for most individuals, the IRS is urging several taxpayer groups to perform a “Paycheck Checkup” to ensure they are withholding the correct amount from their pay. Key groups who should consider a “checkup” are households with two...... Read More

How the New Tax Laws Affect Small Businesses

As a small business, you may always feel anxious around tax time, wondering if you paid your estimated taxes correctly, unsure if you will owe or receive a refund this year. With the passage of the Tax Cuts and Jobs Act, this tax season may seem even more uncertain...... Read More

How Section 179 Can Save Your Small Business Big Money

If you own a small business, you understand the value of being smart with your finances, particularly when it comes to searching for qualifying tax breaks. If you’re not familiar with Section 179 of the tax code, then you could be missing out on some major benefits for your...... Read More

IRS Warns of Continued Phone Scams During Tax Season

As continued awareness for taxpayers, the IRS has sent out a reminder to be on the lookout for scammers and fraudulent activity throughout this tax season, specifically regarding unknown emails or phone calls. Aggressive phone scams where criminals call posed as IRS officials are a common scam throughout the...... Read More

Will the Tax Cuts and Jobs Act Affect Your Business?

There has been much discussion around how the new tax laws will affect individual taxpayers and families of all income levels, but what about small businesses, startups and corporations? Individual taxpayers will see a decrease in their income tax rate, a doubling of the standard deduction, a reduction of...... Read More

Will Your Paycheck Change in Light of the New Tax Laws?

Now that the new tax laws have officially been passed, what exactly does that mean for the average worker? For many, a bump in take home pay is possible, even as early as this month if your employer has begun using the new withholding tables. In fact, in light...... Read More

2018 Smart Money Strategies – Part 1

The start of a new year is all about resolutions right? Whether your resolution is to workout more, eat better, clear up your busy calendar or clean up your finances, many use the new year as an opportunity to hit the refresh button on their life. Studies have shown...... Read More

IRS Releases Updated Withholding Tables for 2018

As anticipated, the IRS has released the first of several steps to update withholding accuracy in light of the passage of the new tax legislation last month. On January 11, the IRS announced the release of updated withholding tables for employers to follow in Notice 1036. The new withholding...... Read More

Overview of New Tax Cuts and Jobs Act (TCJA)

The recently enacted Tax Cuts and Jobs Act (TCJA) is a sweeping tax package. Here’s a look at some of the more important elements of the new law that have an impact on individuals. Unless otherwise noted, the changes are effective for tax years beginning in 2018 through 2025....... Read More

7 Tax Moves to Evaluate Before Year End

New tax legislation has been a looming possibly for the majority of 2017, with some new plans even coming to a vote in the latter part of the year. Nevertheless, taxpayers should focus their year-end tax planning around current legislation, since the proposals may undergo major changes before anything...... Read More
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