Monthly Bulletins

There’s a difference between the size of your refund and how much tax you owe. If your refund is lower or higher this year, it doesn’t necessarily mean that your taxes increased or decreased. A refund is the result of […]

For many small business owners, their ownership interest is one of their biggest personal assets. What will happen to your ownership interest if you get divorced? In many cases, your marital estate will include all (or part) of your business […]

The average refund amount at the beginning of the 2019 tax filing season was smaller than this time period last year, a new IRS report shows. However, most taxpayers are seeing tax reform’s benefits in larger paychecks rather than refunds, […]

Employers may receive “no match” letters soon. The Social Security Administration (SSA) announced it will be sending out the letters this spring. The notices will be sent to businesses and employers that submit W-2 forms containing name and Social Security […]

  The Tax Cuts and Jobs Act (TCJA) contains several provisions that will lower federal income taxes for businesses. Here’s an overview of three pro-business changes.  1. TAX RATE CHANGES The TCJA permanently reduced the corporate federal income tax rate […]

Many businesses will pay less federal income taxes in 2018 and beyond, thanks to the Tax Cuts and Jobs Act (TCJA). And some will spend their tax savings on merging with or acquiring another business. Before you jump on the […]

Health care is a top concern for many Americans, especially people who are age 65 and older. While these individuals qualify for basic Medicare insurance, they may need to pay additional premiums to get the level of coverage they desire.  […]

(Right Click to print)    THE BIPARTISAN BUDGET ACT OF 2015 The Bipartisan Budget Act of 2015 (“ACT”) made significant changes to the Internal Revenue Service’s (“IRS”) partnership audit rules effective for partnership or limited liability company (taxed as a […]

    The Bipartisan Budget Act of 2015 (Click title above for printable form) The Bipartisan Budget Act of 2015 (“ACT”) made significant changes to the Internal Revenue Service’s (“IRS”) partnership audit rules effective for partnership or limited liability company […]

The following table provides some important federal tax information for 2019, as compared with 2018. Many of the dollar amounts are unchanged and some changed only slightly due to inflation. Social Security/ Medicare  2019  2018 Social Security Tax Wage Base […]

When President Trump signed into law the Tax Cuts and Jobs Act (TCJA) in December 2017, much was made of the dramatic cut in corporate tax rates. But the TCJA also includes a generous deduction for smaller businesses that operate […]

The IRS announced that it is waiving the estimated tax penalty for many taxpayers whose 2018 federal income tax withholding and estimated tax payments fell short of their total tax liability for the year.   The IRS is generally waiving […]