Tax Filing Season Begins
Tax Filing Season Begins January 27, 2020, marked the start of this year’s tax filing season. Complicating matters is a newly revised Form 1040, U.S. Individual Income Tax Return. With more…
Tax Extenders, Retirement Plan Changes, and Repeals
Tax Extenders, Retirement Plan Changes, and Repeals The Further Consolidated Appropriations Act, 2020, signed into law on December 20, 2019, extended a number of expired tax provisions for business and…
2020 Tax Withholding: the new Form W-4
2020 Tax Withholding: the new Form W-4 Form W-4, Employee’s Withholding Certificate, has been redesigned for 2020. Previously, income tax withholding was based on an employee’s marital status and withholding allowances…
ACA Reporting Requirements for Employers
ACA Reporting Requirements for Employers The health care law contains tax provisions that affect employers. Two parts of the Affordable Care Act apply only to applicable large employers. These are…
Important Tax Changes for Individuals and Businesses
Important Tax Changes for Individuals and Businesses Every year, it’s a sure bet that there will be changes to current tax law and this year is no different. From standard…
What’s New for the 2020 Tax Filing Season
What’s New for the 2020 Tax Filing Season While the 2020 tax filing season promises to be less confusing than 2019, there are still a number of changes that taxpayers…
Tax Breaks for Taxpayers Who Itemize
Tax Breaks for Taxpayers Who Itemize Many taxpayers opt for the standard deduction because it is easier, but sometimes itemizing your deductions is the better choice – often resulting in…
Tax Planning Includes Keeping Good Records
Tax Planning Includes Keeping Good Records It’s January and tax season is right around the corner. For many people that means scrambling to collect receipts, mileage logs, and other tax-related…
Individual Taxpayers: Recap for 2019
Individual Taxpayers: Recap for 2019 As we close out the year and get ready for tax season, here’s what individuals and families need to know about tax provisions for 2019.…
Business Tax Provisions: The Year in Review
Business Tax Provisions: The Year in Review Here’s what business owners need to know about tax changes for 2019. Standard Mileage Rates The standard mileage rate in 2019 is 58…