Monthly Bulletins

A bipartisan House bill has been introduced that would fix a GOP tax law drafting error known as the “retail glitch.” The House bill, having over a dozen co-sponsors, is a companion measure to a bipartisan Senate bill introduced in […]

IRS Clarifies Treatment of Refunds with New SALT Limits. The IRS has provided four examples of the interaction of the new limit on the deduction on state and local taxes (SALT) under Code Sec. 164(b)(6) with the tax benefit rule for […]

Small business owners have several options for their retirement plans. Two tax-smart and flexible alternatives are SIMPLE IRAs and solo 401(k) plans. If you’re eligible for these types of plans and you want to maximize your tax-deferred savings, which makes […]

Canton, Ohio – April 10, 2019 – Hall, Kistler is pleased to announce that staff accountant Jordan Knapp is the featured Young Professional of Ystark!, a division of the Canton Regional Chamber of Commerce. Jordan was asked about his interest […]

The Trump administration has released its long-awaited proposed rule to update the overtime exemptions for so-called white-collar workers under the Fair Labor Standards Act. The rule increases the minimum weekly standard salary level for both regular workers and highly compensated […]

Congress has yet to tackle several outstanding uncertainties frustrating both businesses and individual taxpayers. The Tax Cuts and Jobs Act (TCJA), for example, contains several “glitches” requiring legislative fixes. Congress also has neglected to pass the traditional “extenders” legislation that […]

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 […]