Nov 28, 2017 | Helpful Articles
As 2017 draws to a close, there are some important items to keep in mind when putting together information for 2017 W-2’s. Company provided vehicle: If your company provides you, or any employee, with a company vehicle that is also used personally, you should include...
Nov 13, 2017 | Helpful Articles, Tax Legislation
While the house bill contained several landmines for the unwary, the senate bill has both hidden gems and camouflaged pitfalls in its differences. Many of the provisions of both bills are effectively the same, but there are several notable discrepancies. These are...
Nov 10, 2017 | Latest Tax Developments
Thursday saw two developments in the tax reform legislative process. The Senate Finance Committee released a proposed tax reform bill, the Tax Cuts and Jobs Act, and the House Ways and Means Committee issued a revised version of H.R. 1, the bill it first introduced...
Nov 8, 2017 | Helpful Articles, Tax Planning and Preparation
The Tax Cuts and Jobs Act introduced by the house on November 2nd have been receiving a great deal of coverage because of the extensive changes proposed. Gone would be many of the provisions individuals rely on (credits, personal exemptions, deduction of state taxes,...
Nov 7, 2017 | Helpful Articles
The tax treatment of a legal settlement can vary widely depending on the nature of the suit and the structure of the settlement. One recent personal injury case was settled for over $100K, and, after taxes and attorney fees, the recipient was able to retain less than...
