Thinking

When you file your 2018 income tax return, you’ll likely find that some big tax law changes affect you — besides the much-discussed tax rate cuts and reduced itemized deductions. For 2018 through 2025, the Tax Cuts and Jobs Act (TCJA) makes significant changes to personal exemptions, standard deductions, and the child credit. The degree…

With the dawn of 2019 on the near horizon, here’s a quick list of tax and financial to-dos you should address before 2018 ends: Check your FSA balance. If you have a Flexible Spending Account (FSA) for health care expenses, you need to incur qualifying expenses by December 31 to use up these funds or…

For many business owners, it can be difficult to find software available on the market that meets every single one of their needs. Commercial software packages are made to satisfy the highest number of potential customers, but any needs outside of the norm may go unmet by commercial options. To meet their software requirements, business…

Article written by: Darci Congrove, CPA Managing Director   New Tax Incentive For Investment In Low-Income Communities   Background Investment in a Qualified Opportunity Zone is a new program intended to connect private investment capital to low-income communities nationwide. This concept was originally presented in a bipartisan bill, the “Investing in Opportunity Act” as an innovative approach to spur long-term…