Category Archives: Tax Reform

IRS Tax Reform Help

New IRS publication helps taxpayers Get Ready for tax reform Tax Reform Tax Tip 2018-171 The IRS has issued a publication to help taxpayers learn about tax reform and how it affects their taxes. Taxpayers can access Publication 5307, Tax Reform Basics for Individuals and Families, on IRS.gov/getready. While last year’s Tax Cuts and Jobs Act includes…

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Accounting Methods for Small Businesses

Here’s how tax reform changed accounting methods for small businesses Tax Reform Tax Tip 2018-172 The Tax Cuts and Jobs Acts – better known simply as tax reform – allows more small business taxpayers to use the cash method of accounting. Tax reform now defines a small business taxpayer as a taxpayer that has average…

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Tax Reform Tax Tips for Businesses

IRS Tax Reform Tax Tip 2018-158 Small business owners can visit IRS.gov for a wide range of resources that will help them better understand tax reform. Last year’s Tax Cuts and Jobs Act includes tax law changes that may affect small businesses’ bottom line. Here are some resources available to help small business owners:…

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For Employees with Other Sources of Income

Employees with other sources of income should do a Paycheck Checkup IRS Tax Reform Tax Tip 2018-141 The IRS urges everyone who works as an employee and who also has income from other sources to perform a Paycheck Checkup now. For example, certain individuals often need to pay estimated or additional tax. This includes taxpayers…

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