The Tax Cuts and Jobs Act: Mid-Year Update

The Tax Cuts and Jobs Act (TCJA) has altered the tax landscape for a lot of individuals and businesses. The changes are extensive and we wanted to provide a high-level overview of some of the features to keep you informed. 

Medicare Update and Scam Alert

Starting 4/1/18, Medicare will start a yearlong project to replace all current Medicare cards for beneficiaries to convert to alphanumeric ID numbers.

Understanding the Qualified Business Income (QBI) Deduction

Posted by : Jordon Rosen, CPA, MST, AEP® The centerpiece of the Tax Cuts & Jobs Act (the “Act”) was the reduction in the top corporate income tax rate from 35% to 21%.  This includes personal service corporations which were previously taxed at a flat rate of 35%.  However, since many U.S. businesses operate as a flow-through entity (i.e., partnership or … Continued