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2018 Tax Reform Law has Benefits for Some Small Businesses

The monumental new tax law signed late in 2017 – the Tax Cuts and Jobs Act (TCJA) – has been hailed as a boon for big business. But the TCJA also benefits many small businesses while presenting new obstacles. In general, the revised rules…
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2018 Tax Filing Season Begins Jan. 29

The Internal Revenue Service announced today that the nation’s tax season will begin Monday, Jan. 29, 2018 and reminded taxpayers claiming certain tax credits that refunds won’t be available before late February. The IRS will begin…
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2018 Tax Reform Law Doubles Child Tax Credit

Have you read the new tax reform law yet? Officially called the Tax Cuts and Jobs Act (TCJA), the new tax reform law is more than 500 pages long, so we’ll spare you the gory details. Most of the key provisions likely to affect individual…
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The most common types of income tax returns

Form 1040 (U.S. Individual Income Tax Return) (a.k.a. “the long form") Form 1040A (U.S. Individual Income Tax Return) (a.k.a. “the short form") Form 1040EZ (Income Tax Return for Single and Joint Filers With No Dependents) …
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4 important bookkeeping tips for small business

Maintain regular records: If you keep regular, daily records of all transactions then you’ll have a much easier time of it when you need to do the end of accounting period. Use the right accounting system: Knowing…
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Welcome!

The purpose of our blog is to provide the latest information and changes referring to: Taxes, Bookkeeping, Payroll and General Accounting. We will also give you tips or information that can be really helpful for your business.…