Tax Reform Benefit for Small Business Owners

First things first, this new provision, Section 199A, as part of the Tax Cuts and Jobs Act allows for a 20% deduction for qualified business income deduction. There are exceptions and it can get complicated, but, to keep it simple, … Read More

Do I need to file a tax return for my LLC with no activity?

Sometimes a limited liability company or LLC has a year with no business income or activity. Maybe it’s a newly formed LLC, which hasn’t started doing business yet. Is it an older LLC that hasn’t been formally dissolved? Whatever the … Read More

10 Tips for choosing a tax professional

It’s that time of the year again! Yes. It’s tax time. Looking to hire a tax professional to prepare and file your tax return? Keep in mind taxpayers are always responsible for all the information on their income tax return … Read More

Checklist to help you avoid mistakes on your taxes

If you’re like many people, the word taxes gets your belly in knots! Even if you’re good with numbers and stay on top of things, it can be hard to understand all the different aspects to taxes. That’s not even … Read More

26 things you need to know about the incoming tax law

It’s official. There’s a new tax code starting in 2018. Actually this is the first significant reform of the U.S. tax code since 1986 and the days of Ronald Reagan as president. That’s crazy, right? This measure is sure to … Read More

3 Tips to Avoid Refund Delays

Are you one of the lucky ones who receives a refund on your taxes? If so, follow these steps to ensure smooth processing of your 2017 tax return. Top three things you should know to avoid tax refund delays. 1. … Read More

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