Is Your Business Ready for the Tax Cuts and Job Act?

tax cuts and jobs act businessThe most sweeping tax reform in over 30 years, the Tax Cuts and Jobs Act (TCJA) brings a lot of changes for businesses. If you run a business, you’ve probably been making quarterly payments on your 2018 income tax bill already, but you may not realize the whole scope of the changes […]

November 13th, 2018|Tax News|0 Comments

Reminder: The Tax Filing Extension Deadline Is October 15th, 2018

tax extension filing deadlineIf you requested an extension on your 2017 income tax return, you need to file by October 15th. Just around the corner, this is the absolute last date you can file if you want to avoid serious penalties. Get ready with these tips.

Don’t Worry If You Don’t Owe

If you don’t owe any tax, the […]

October 9th, 2018|Tax Filings|0 Comments

IRS Ends Offshore Voluntary Disclosure Program Soon

IRS to end OVDPAs of September 28, 2018, the Internal Revenue Service (IRS) is ending the Offshore Voluntary Disclosure Program (OVDP). By law, all US citizens and residents are required to report foreign financial accounts to the IRS, if the total value of all their foreign accounts is over $10,000 at any time in […]

September 5th, 2018|Uncategorized|Comments Off on IRS Ends Offshore Voluntary Disclosure Program Soon

Tax Cuts and Jobs Act and the Future of the Shared Responsibility Penalty

future of shared responsibility paymentThe Tax Cuts and Jobs Act passed in 2017 will have significant ramifications on all manners of tax filings going forward. However, one of the more substantial changes to tax laws relates to the 2009 Affordable Care Act. Of most importance to what changes happen under the Affordable Care Act is when the changes […]

The Supreme Court Rules Online Retailers May Need to Collect Sales Tax

calculate state sales taxesIn June 2018, the Supreme Court ruled that states can require e-commerce companies to collect and pay sales tax, even for areas where they don’t have a physical presence. Here’s the good news — analysts speculate that the change will not alter shopping habits. Online shopping is so convenient that […]