The Tax Cuts and Jobs Act (TCJA) made several changes to the automobile provisions, which results in various increased benefits for business owners.
Author Archives: Amy Gordon, CPA
Final regulations have been released providing guidance concerning substantiation and reporting requirements for cash and noncash charitable contributions.
Under the newly enacted Tax Cuts and Jobs Act, the corporate tax rate decreased from a maximum of 35 percent to a flat 21 percent rate beginning in 2018.
The recent changes to the tax code resulting from the Tax Cuts and Jobs Act uniquely effects each individual filing an income tax return.
The new tax law resulted in several changes to deductions individuals can take on their personal income tax returns. When planning for the 2018 tax year it is important to be aware of these changes and how they will impact each individual filing an income tax return.
The Tax Cuts and Jobs Act changed and suspended many deductions that taxpayers could take on their individual tax returns.
With the tax reform bill signed into law it is time to prepare for changes to the existing withholding tables and systems. Although the new tax bill has initially taken effect as of January 1, 2018, the IRS is still working on developing and issuing the withholding guidance.
It’s the holiday season, which means a time of giving.
It’s that time of year again when individual tax planning for the current year is key. When reviewing your 2017 year for tax planning, it is important to know the changes and updates to Form 1040 which could have an impact on the amount you pay in taxes.
As we are nearing the end of 2017 it’s a good time to review the changes to the IRS tax provisions. Below details some of the most prevalent provisions that expired in 2016, the provisions which have been permanently extended, and other extended tax provisions.