2018 Q1 Tax Calendar
2018 Q1 tax calendar: Key deadlines for businesses and other employers Here are some of the key tax-related deadlines affecting businesses and other employers during the first quarter of 2018. Keep in mind that this list isn’t all-inclusive, so there may be additional deadlines that apply to you. Contact us to ensure you’re meeting all…
Standard Mileage Rates for 2018 Up from Rates for 2017
The Internal Revenue Service issued the 2018 optional standard mileage rates used to calculate the deductible costs of operating an automobile for business, charitable, medical or moving purposes.
Thieves Use W-2 Scam to get Employee Data
The IRS warns the nation’s business, payroll and human resource communities about a growing W-2 email scam. Criminals use this scheme to gain access to W-2 and other sensitive tax information that employers have about their employees.
5 Signs of Small Business Identity Theft, New Protection Methods
Small business identity theft is a big business. Just like individuals, businesses can be victims too. Thieves use a business’s information to file fake tax returns or get credit cards. Identity thieves are more sophisticated than they used to be. They know the tax code and filing practices and how to get valuable data. The…
Five Facts about Charitable Contributions
With the holidays around the corner, many people will be making donations to benefit charitable organizations. However, come tax time, the person who made the donation might also benefit. That’s because taxpayers who donate to a charity may be able to claim a deduction for the donation on their federal tax return.
Taxpayers Should Do an End-of-Year Withholding Check-Up
As the end of the year approaches, the IRS encourages taxpayers to consider a tax withholding checkup. When taxpayers take a close look to make sure the right amount of tax is withheld now, they can avoid an unexpected tax bill next year. Here are five examples of taxpayers who would benefit from a withholding…
2017 Tax Considerations
The followings are articles regarding tax law changes and are categorized in: Tax Laws Enacted During 2017 Individual Income Tax Provisions Education Trust and Estate Income Tax Estate, Gift and Generation-Skipping Transfer Taxes Pension and IRA Provisions Business Provisions Things to Consider before the End of 2017 President Trump’s Unified Tax Reform Framework 2017 Tax…
Gifts to Charity: 6 Facts about Written Acknowledgements
Throughout the year, many taxpayers contribute money or gifts to qualified organizations eligible to receive tax-deductible charitable contributions. Taxpayers who plan to claim a charitable deduction on their tax return must do two things:
With 2017 Extension Deadline Passed, All Eyes on 2018
Now that the tax return extension filing deadline has passed, the IRS suggests that taxpayers look ahead and get ready for next year. Taxpayers still have time to take these three actions that may affect the 2017 tax return they will file in 2018.
What Taxpayers Can Do Now Before Filing Their Return in 2018
While taxpayers will not start filing their tax returns for a few months, there are a few things they can do to make the process easier next year. Here are two things that could affect the 2017 returns they will file in 2018.