by briesterer@thinkvisionary.com | Dec 20, 2018 | Newsletter
The Tax Cuts and Jobs Act of 2017 (TCJA) eliminated or modified numerous tax provisions starting in 2018. Here’s what individuals and families need to know as they get ready for tax season. Personal Exemptions Personal exemptions are eliminated for tax years...
by briesterer@thinkvisionary.com | Dec 18, 2018 | Newsletter
Here’s what business owners need to know about tax changes for 2018. Standard Mileage Rates The standard mileage rate in 2018 is 54.5 cents per business mile driven. Health Care Tax Credit for Small Businesses Small business employers who pay at least half the...
by briesterer@thinkvisionary.com | Dec 17, 2018 | Newsletter
When it comes to creating a budget, it’s essential to estimate your spending as realistically as possible. Here are five budget-related errors commonly made by small businesses and some tips for avoiding them. Not Setting Goals. It’s almost impossible to...
by briesterer@thinkvisionary.com | Dec 16, 2018 | Newsletter
If you have children, you may be able to reduce your tax bill using these tax credits and deductions. Child Tax Credit: You may be able to take this credit on your tax return for each of your children under age 17. Qualifying dependents must have a valid Social...
by briesterer@thinkvisionary.com | Dec 15, 2018 | Newsletter
Taxpayers should be aware of a new round of fraudulent emails that impersonate the IRS and use tax transcripts as bait to entice users to open documents containing malware. The scam is especially problematic for businesses whose employees might open the emails...
