The IRS has clarified proposed regulations issued to address whether certain payments to states could be deducted as charitable contributions instead of state and local taxes
We recently came across an article from Ed Slott and Company that may be of interest to you. Health Savings Accounts (HSA) are quite popular these days with their tax free growth and distributions. This article focuses on 7 tax-free HSA distributions that you may not have been aware of.
The Internal Revenue Service has released the 2018-2019 per diem rates for substantiating employee business expense for lodging, meals, and incidental expenses while traveling away from home. Click here for more information and a great search feature to help you as we approach the end of the year.
Now that the extension season is coming to a close, a lot of our clients are looking to tax plan for 2018 and even more so this year with the tax reform changes. The new tax law will impact all age groups, young and old. Check out this article for more.
President Trump promised, when he was on the campaign trail, that he would push for tax reform legislation. On Dec, 22, 2017, he signed The Tax Cuts and Jobs Act into law, the first major tax reform in 31 years. There are many changes that will affect your business. See more here.