In order to keep up with advances in technology, we are utilizing a new and exciting process this year for delivering your tax return, called SafeSend Returns. SafeSend Returns will allow us to securely deliver your tax return electronically, with easy to follow instructions. Please take a few minutes to read this overview to ensure a positive experience.Read More
Many of our clients operate and own their own businesses, and when appropriate, they employ their children to do certain tasks and jobs around the office or for the benefit of the business. The key concept is the child has to be capable of and perform the services for which they are being paid.
Let’s take a quick break from tax reform and talk about the upcoming tax filing deadline. We are all blessed with two extra days of tax season this year (sarcasm intended) and have until midnight on April 17 to get returns filed or extensions prepared. I want to quickly talk through this deadline and make sure everyone has the right information when it comes to filing an extension.Read More
In a previous memo, I broke the bad news about the unintended consequences of the change in Code Section 274. For 2018 going forward, not only is entertainment no longer deductible (such as taking your clients to a Predators game), but the new law is currently written in such a way as to also disallow the deduction for meals with clients and prospects.Read More