by Candy | Nov 29, 2019 | Taxes
With the recent Tax Cuts and Jobs Act placing a $10,000 cap on state tax deductions, many people are seeking to establish residency in a lower-tax state. According to Accounting Today, while California, New York, New Jersey, Connecticut, and Rhode Island are...
by Candy | Nov 26, 2019 | Taxes
The IRS recently announced that it will now allow truncated tax identification numbers (TTINs) on most payee statements, including the Wage and Tax Statement form (W2.) This new ruling is the latest in a series of measures that the IRS has taken in order to reduce...
by Candy | Nov 19, 2019 | Taxes
The Tax Cuts and Jobs Act that was passed in 2017 made dramatic changes that affect nearly every taxpayer in every stage of life. Understanding what the TCJA means in regard to the season that you are in is essential for financial planning. According to CPA Journal,...
by Candy | Nov 15, 2019 | Taxes
In a traditional job, an estimation of your federal and state income tax, as well as social security and Medicare taxes are taken from each paycheck. At the end of the year when you file your tax return, you will either receive a refund for the overage of taxes you...
by Candy | Oct 22, 2019 | Business, Taxes
Being an entrepreneur comes with its own unique set of tax challenges. Self-employment taxes can seem complicated and overwhelming, but they actually boil down to four important categories. According to Accounting Web, the following four key issues are vital for...
by Candy | Oct 18, 2019 | Taxes
Benjamin Franklin famously penned that “in this world nothing can be said to be certain, except death and taxes.” This tongue-in-cheek idiom has become a popular lament that seems to resurface each tax season. Small business owners, especially, are affected by its...
