Last year was a tough one for taxpayers, new laws took effect that dramatically changed how people had to file their tax returns. The returns looked different, with the old forms going away which requiring everyone to use the same...Read More →
If you expect to be in a higher tax bracket in the future, the answer may be yes. Roth and traditional retirement accounts are taxed differently. Which account you choose should be based on your current and future tax rates....Read More →
Most taxpayers have had questions the last two years regarding their federal withholdings on their tax returns. The withholding tables were adjusted after the big tax change (Tax Cuts and Jobs Act) and it left taxpayers questioning if they were going to get a refund or not like in the past. The IRS has finally provided a solution to those questions and it comes in the form of a new W4.
One of the biggest changes in the history of the tax code took place starting for the 2018 tax year. A lot of people were caught off guard with the changes made and didn’t know what to expect. For the 2019 tax year, we are trying to get one foot out in front to make sure everyone knows what to expect.
If you're like many small business owners in the United States, you may be considering the various retirement plan options available for your company. Employer-sponsored retirement plans have become a key component for retirement savings. They are also an increasingly important tool for attracting and retaining the high-quality employees you need to compete in today's competitive environment.
1099 Contractors Do you perform odd jobs around the year and receive a 1099 for employment that’s not your everyday work? If so, your expenses can be deducted! If you do anything from refereeing, modeling, fishing, etc. and are compensated...Read More →