Our Blog

An ongoing series of informational entries

Tax Cuts and Jobs Act: Changes to cash method of accounting for some businesses

November 15, 2018 The TCJA (Tax Cuts and Jobs Act) allows small business taxpayers with average annual gross receipts of $25 million or...

Sep 27, 2022

Tax Cuts and Jobs Act: Child Tax Credit and Credit for Other Dependents at a Glance

November 25, 2018 Child Tax Credit Beginning with Tax Year 2018, you may able to claim the Child Tax Credit if you have a qualifying...

Sep 27, 2022

IRS warns of “Tax Transcript” email scam; dangers to business networks

November 25, 2018 WASHINGTON — The Internal Revenue Service and Security Summit partners today warned the public of a surge of fraudulent...

Sep 27, 2022

Wage and Tax Statements due January 31

November 27, 2018 The IRS reminds employers and other businesses that January 31 remains the filing deadline for wage statements and...

Sep 27, 2022

Tax Cuts and Jobs Act: Here’s how tax reform changed accounting methods for small businesses

November 29, 2018 The Tax Cuts and Jobs Act — better known simply as tax reform — allows more small business taxpayers to use the cash...

Sep 27, 2022

December Tax Dates

December 2, 2018 December 11 — Employees who work for tips If you received $20 or more in tips during November, report them to your...

Sep 27, 2022

Tax Calendar 2019 Federal Due Dates All Businesses

December 3, 2018 January 31 Give annual information statements to recipients of certain payments you made during 2018. You can use the...

Sep 27, 2022

Tax Year 2019 - IRS issues standard mileage rates for 2019

December 14, 2018 IR-2018-251, December 14, 2018 WASHINGTON — The Internal Revenue Service today issued the 2019 optional standard...

Sep 27, 2022

Tax Cuts and Jobs Act: How will tax reform benefit individuals and families?

January 31, 2019 How will tax reform benefit individuals and families? One of the biggest impacts taxpayers can expect involves an...

Sep 27, 2022

Choosing a Tax Professional Beware of ‘ghost’ tax return preparers

February 22 2019 Beware of ‘ghost’ tax return preparers The IRS warns taxpayers to avoid unethical tax return preparers, known as ghost...

Sep 27, 2022

8 Things to Know About an IRS Notice

June 20 2019 8 Things to Know About an IRS Notice By TaxAct If you receive a letter this year from the IRS, don’t be alarmed. After every...

Sep 27, 2022

9 Smart Uses For Your Tax Refund

February 7, 2020 9 smart uses for your tax refund Reprinted from State Farm Simple Insights You could spend it all on a splurge, but here...

Sep 27, 2022

Businesses must report non-employee compensation and backup withholding

December 23, 2021 Reprinted from IRS Tax Tip 2021-88, June 21, 2021 By law, business taxpayers who pay non employee compensation of $600...

Sep 27, 2022

Get ready for taxes: Here’s what's new and what to consider when filing in 2022

December 23, 2021 Reprinted from COVID Tax Tip 2021-187, December 16, 2021 The IRS encourages taxpayers to get informed about topics...

Sep 27, 2022

IRS issues standard mileage rates for 2022

December 30, 2021 Reprinted from IRS-2021-251, December 17, 2021 The IRS issued the 2022 optional standard mileage rates used to...

Sep 27, 2022

Getting ready to file your taxes

January 10, 2022 Reprinted from COVID Tax Tip 2022-04, January 6, 2022 As taxpayers are getting ready to file their taxes, the first...

Sep 27, 2022