Blog

With Grateful Hearts

The holiday season is upon us, and it brings with it all the busyness and anxiety of meals to prepare, family and friends to entertain, shopping to accomplish and more. In the midst of all this, let’s take some time to look around at all the wonderful things that surround us. Let’s name some things […]

In Thanksgiving

The holiday season is upon us, and it brings with it all the busyness and anxiety of meals to prepare, family and friends to entertain, shopping to accomplish and more. In the midst of all this, be sure to take some time to look around at all you have. If you’re anything like me, you’ll […]

New Social Security Scam

“The Acting Inspector General of Social Security, Gale Stallworth Stone, is warning citizens about an ongoing caller-ID “spoofing” scheme misusing the Social Security Administration’s (SSA) national customer service phone number. SSA has received numerous reports of questionable phone calls displaying SSA’s 1-800 number on a caller-ID screen. This is a scam; citizens should not engage […]

Employee Expense Reimbursements

With the new Tax Cuts and Jobs Act, several things have changed in the tax planning world. One of the bigger changes affecting many of our clients is the elimination of the employee business expenses deduction, along with all other deductions subject to 2% of AGI. The reasoning behind removing the deduction seems to be that […]

Employer Tax Credit for Family Leave

What is this new credit? With the implementation of the new Tax Cuts and Jobs Act, there comes a new federal income tax credit for employers who provide qualifying paid leave to their employees for family and medical purposes. Get ready; there are a lot of math and numbers in this one! The qualifying employer […]

Estimated Taxes

How often do you pay income tax? If you are like most of us, it seems that you only pay income tax once a year…somewhere around April, I think. However, the Federal income tax is actually on a pay-as-you-go system, where you must pay the tax as you earn or receive it. For employees, that […]

Charitable Contributions

One great privilege we are reminded of during the Thanksgiving and Christmas season is the opportunity we have to give to good causes. But you may be wondering if there are any tax benefits that come along with these donations, and, if so, what do you need to know? Hopefully, this post will help guide […]