Will it help to itemize deductions for 2018?
- March 14th, 2019
- David Greene
- Comments Off on Will it help to itemize deductions for 2018?
That is a question that has to be answered on an individual basis. The new law in general will help many people and hurt many other “middle class” people. We have already seen that many are upset because their refunds…
Do reimbursements from my employer need to be included in my income?
- October 24th, 2018
- David Greene
- Comments Off on Do reimbursements from my employer need to be included in my income?
Under the 2017 Tax Cuts and Jobs Act reimbursements for moving expenses paid by an employer for most employees is to be included in income starting in 2018. This makes these amounts taxable for most employees, except for active-duty members…
Does the new tax code affect my withholding because I have dependents?
- October 16th, 2018
- David Greene
- Comments Off on Does the new tax code affect my withholding because I have dependents?
Because the law expanded and made significant changes to the Child Tax Credit, it also suspended the deduction for personal exemptions. The IRS has recommended that parents and caregivers should do a “paycheck checkup” to determine how these changes could…
Some business tax tips under the new tax law
- July 11th, 2018
- David Greene
- Comments Off on Some business tax tips under the new tax law
Many owners of small businesses know how to make or sell their product, but do not know how to keep good books and file and pay all required local, state and federal tax forms. To keep your business out of…