Plan now to use Health Flexible Spending Arrangements in 2019
Saturday, November 17
Plan now to use Health Flexible Spending Arrangements in 2019The Internal Revenue Service reminded eligible employees that now is the time to begin planning to take full advantage of their employer’s health flexible spending arrangement (FSA) during 2019.FSAs provide employees a way to use tax-fr...
Here are steps taxpayers can take to get ready to file their taxes
Thursday, November 15
Not too early: Here are steps taxpayers can take now to get ready to file their taxes in 2019The IRS reminds taxpayers there are steps they can take now to make sure their tax filing experience goes smoothly next year. Taking these steps will also help them avoid surprises when they file next yea...
Tax reform affects if and how taxpayers itemize their deductions
Thursday, November 15
Tax reform affects if and how taxpayers itemize their deductionsTax reform that affects both individuals and businesses was enacted in December 2017. It’s commonly referred to as the Tax Cuts and Jobs Act, TCJA or simply tax reform. In addition to nearly doubling standard deductions, TCJA changed...
Here’s how tax reform changed accounting methods for small businesses
Thursday, November 08
Here’s how tax reform changed accounting methods for small businessesThe Tax Cuts and Jobs Act – better known simply as tax reform – allows more small business taxpayers to use the cash method of accounting. Tax reform now defines a small business taxpayer as a taxpayer that has average annual gr...
Heads up for taxpayers who have an extension: The deadline is Oct. 15
Saturday, October 13
Heads up for taxpayers who requested an extension: The deadline is Oct 15October 15 is the filing deadline for taxpayers who requested an extension for their 2017 tax return. However, those who have an extension should mark this coming Monday, Oct. 15 as the deadline to file.While the deadline is...
IRS provides expanded tax relief for victims of Hurricane Michael
Saturday, October 13
IRS extends Oct. 15 and other upcoming deadlines, provides expanded tax relief for victims of Hurricane MichaelHurricane Michael victims in parts of Florida and elsewhere have until Feb. 28, 2019, to file certain individual and business tax returns and make certain tax payments, the Internal Reve...