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Accounting & Tax Advice

The New Form 1040 – Shorter Doesn’t Equal Easier

The IRS Reduced the Form 1040 to near Postcard-Size (we wish!).  Politicians debate over tax reform and most of us would appreciate a simplification of the tax code.  However, the Tax Cut and Jobs Act, which went into effect in 2018 is not a simplification by any stretch of the…

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Consider Going Virtual to Save Time and Money

New technology used by cloud based software will impact small business in 2019.  It may seem intimidating to make the move to a cloud accounting solution such as Quickbooks Online, but the process can be seamless and very cost effective.  The innovation of artificial intelligence and machine learning will change…

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What about those 2018 IRS Refunds?

We have a new tax law in town!  Early in 2018, the IRS issued new withholding tables to help account for changes in the law.  The result was that most of you saw higher paychecks and less federal taxes withheld. The Form W-4 that you file with your employer determines…

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Action Items to Optimize Taxes this Year

The tax code has changed significantly for 2018 and some old tax savings tricks are even more important.  You still have time to make significant planning actions to optimize your taxes this year. Itemized Deductions vs Standard Deduction You may have heard that many taxpayers will take the standard deduction…

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