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Find Out When You’ll Get Your Refund

With the government shutdown over and the IRS back in business, it's time to do your taxes. If you're one of the millions of Americans who can't wait to get your hands on your refund, we can tell you how soon you will probably get that refund.…
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Government shutdown ends in time for tax season

The partial government shutdown ended on Friday, allowing the full IRS workforce to return to work on Monday, Jan. 28 — the start of tax filing season for individuals. The Further Additional Continuing Appropriations Act, 2019, H.J. Res.…
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Sales Surtax Information for 2019

In addition to the state sales and use tax rate, individual Florida counties may impose a sales surtax called discretionary sales surtax or local option county sales tax. Sales tax dealers must collect both discretionary sales surtax and the…
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State Sales Tax Rate Decreases

Effective January 1, 2019, the state sales tax rate imposed under section 212.031, Florida Statutes, on the total rent charged for renting, leasing, letting, or granting a license to use real property is decreased from 5.8% to 5.7%. Some examples…
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71% of Businesses Plan on Investing in Cloud Tech in 2019

83 percent of SMBs think now is a good time to invest in their businesses, with technology, talent, and growth overseas noted as areas of interest. That's according to new data from Bill.com, a maker of digital business payment solutions. SMBs…
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401(k) contribution limit increases

The Internal Revenue Service today announced cost of living adjustments affecting dollar limitations for pension plans and other retirement-related items for tax year 2019.  The IRS today issued technical guidance detailing these items in Notice…
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Renew expiring ITINs now to file a return next year

The Internal Revenue Service reminds taxpayers with expiring Individual Taxpayer Identification Numbers (ITINs) to submit their renewal applications as soon as possible. Failing to renew them by the end of this year will cause refund and processing…
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Tax Reform changes depreciation limits on luxury automobiles

The Tax Cuts and Jobs Act changed depreciation limits for passenger vehicles placed in service after Dec. 31, 2017. If the taxpayer doesn’t claim bonus depreciation, the greatest allowable depreciation deduction is: $10,000 for the…
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Some S corporations may want to convert to C corporations

After last year’s tax reform legislation, some S corporations may choose to revoke their S election to be a C corporation because of the new, flat 21-percent C corporation tax rate. Before taking any action, S corporations should consult their…