It’s almost 1099 Season! Time to Get Ready
As the end of the year quickly approaches, the January 31, 2019, 1099-MISC filing requirement is on the horizon.
New Regulations
Scam Warning for Pennsylvania Tax Notices
Unfortunately, there is no shortage of fraudulent schemes to scam you out of your money or grab your identity.
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.
IRS Released Helpful Tools – Paycheck Calculator
As a result of the Tax Cuts and Jobs Act, the IRS has released an IRS Withholding Calculator to help individuals determine if they are on target with their federal withholding.
The Tax Cuts and Jobs Act: Things to Consider Now
Congress is enacting the biggest tax reform law in thirty years, one that will make fundamental changes in the way you, your family, and your business calculate your federal income tax bill, and the amount of federal tax you will pay.
2017 Year-End Planning: Form 1040 Update
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.
A Framework For Fixing Our Broken Tax Code
On September 27th, the Trump Administration, along with the House Ways and Means Committee and the Senate Committee on Finance released a unified framework for fixing our tax system.
New Diversification Requirements for Captive Insurance Companies
Last December when Congress passed the Protecting Americans from Tax Hikes Act of 2015, or PATH Act as it is more commonly known, many tax provisions were impacted.
IRS Enforcement of ACA (Obamacare)
In accordance with President Trump’s executive order calling on agencies to ease up on ACA (Obamacare) regulations, the IRS made changes whereby it will not reject a 2016 tax return for processing just because the taxpayer does not indicate their coverage status in Box 61.
Medical Reimbursements Now Permitted!
On December 13, 2016, President Obama signed into law the “21 Century Cures Act”.