General Tax Document Retention Guidelines

After filing your 2018 income tax return (or requesting an extension), your office is still full of reams of paper consisting of years’ worth of tax returns, receipts, canceled checks […]
Read MoreAfter filing your 2018 income tax return (or requesting an extension), your office is still full of reams of paper consisting of years’ worth of tax returns, receipts, canceled checks […]
Read MoreThe limitations on itemized deductions have gotten a lot of attention under the new Tax Cuts and Jobs Act (TCJA). More individuals will take advantage of the standard deduction instead […]
Read MoreIf you made any large gifts to your children, grandchildren, or other heirs last year, it’s important to determine if you are required to file a 2018 gift tax return […]
Read MoreBusiness owners who don’t yet have a tax-advantaged retirement plan still have time to establish one and reduce their 2018 tax bill. For example, a Simplified Employee Pension (SEP) can […]
Read MoreCompanies of all sizes can benefit from the Research and Experimentation tax credit (R&D Credit) which has been around since 1981. This credit aims to reward businesses for increasing the […]
Read MoreThe Tax Cuts and Jobs Act (TCJA) limits or eliminates several itemized deductions that have been available to many individual taxpayers. Here are five deductions reduced or eliminated by the […]
Read MoreWhen it comes to self-employment taxes, an LLC member is not necessarily in the same boat as a limited partner. The IRS is cracking down on LLC members who underreport […]
Read MoreBy Miranda Aavatsmark Iceberg! Straight ahead! Although there are many theories why the unsinkable ship, the Titanic, sank, ultimately the piercing claws of the iceberg underwater was the cause of […]
Read MoreA recently proposed bill could make the Craft Beverage Modernization and Tax Reform Act of 2017 permanent. Senators Roy Blunt (R-Mo.) and Ron Wyden (D-Ore.) had good news for the craft […]
Read MoreEvery year, there are many people who wait until the last minute to file their tax returns. Despite this tendency, there are several benefits to filing your return early, even […]
Read MoreBeginning June 7, 2024, Indiana Medicaid launched a transformative new program: PathWays, a managed long-term service and support (MLTSS) initiative designed to streamline care for aging Hoosiers. This program partners […]
The Health Resources and Services Administration (HRSA) has set the annual recertification period for the 340B Drug Pricing Program for hospitals to begin on August 11, 2025, and end on […]
Small business owners who work from home could save money on their taxes by taking the home office deduction, as long as they meet the requirements set forth by the […]