by Accent452023 | Dec 16, 2018 | Tax Central, Tax Planning, Taxes, Video & InfoGraphics
If you engage the services of an individual (independent contractor) in your business, other than one who meets the definition of an employee, and you pay him or her $600 or more for the calendar year, then you are required to issue that person a Form 1099-MISC to...
by Accent452023 | Dec 11, 2018 | Business, Tax Central, Tax Planning
Just a reminder that the last day you may make a tax-deductible purchase, pay a tax-deductible expense, take advantage of tax credits, or make tax-deductible charitable contributions for 2018 – is December 31. Every taxpayer’s situation is unique, and the...
by Accent452023 | Dec 6, 2018 | Business, Tax Planning
S corporation compensation requirements are often misunderstood and abused by owner-shareholders. An S corporation is a type of business structure in which the business does not pay income tax at the corporate level and instead distributes (passes through) the income,...
by Accent452023 | Dec 1, 2018 | Tax Central, Tax Planning
Some holiday gifts you give to members of your family, employees and others may also yield tax benefits for you. Here are some examples: Electric Car Credit – If you purchase an electric car as a holiday gift for your spouse or even yourself, you will find that...
by Accent452023 | Nov 29, 2018 | Tax Deduction, Tax Planning, Tax Reform
Tax reform eliminated the deduction for casualty losses, but retained a deduction for losses within a disaster area. With the devastating wild fires in the west, and horrific hurricanes and flooding in the southeast and eastern seaboard we have had a number of...
by Accent452023 | Oct 11, 2018 | Tax Planning, Video & InfoGraphics
Year-end is rapidly approaching and you only have a limited time to utilize tax-saving strategies. The Tax Cuts and Jobs Act of 2017 substantially increased the standard deduction and made changes that affect itemized deductions. Learn all about...
