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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.…