1 min read
Meals and Entertainment Changes Under Tax Reform
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The Tax Cuts and Job Act (TCJA) enacted extensive changes to the deductibility of meals and entertainment expenses for companies. If you are in...
small business accounting (9)
2 min read
A Healthy Start to the New Year!
Happy New Year! All of the guests have returned home, the holiday decorations are taken down and packed away, the hustle and bustle of the holiday...
2 min read
Using a Vehicle for Business: Q&A
Next to your home, your car is probably the most expensive investment you make. The costs of paying for and maintaining it can be considerable. Can...
2 min read
5 IRS Audit Red Flags
You may have done nothing wrong, but the prospect of an IRS audit makes everyone sweat. Many things probably go through your mind as you’re...
1 min read
What is a Tax Return Extension?
For most American taxpayers, April 15 is Tax Day—the due date for filing an individual tax return. However, over 10 million taxpayers choose to file...
1 min read
Five Simple Tips to Lower Your Tax Bill
Soon you will have filed or extended your 2015 tax return. Now it’s time to plan for next tax season. Here are five simple tax planning tips for 2016.
1 min read
Do You Owe Taxes to the IRS?
If you owe taxes to the IRS, your payment must be received by the due date, even if you apply for more time to file. Failure to pay on-time will...
1 min read
Intuit QuickBooks EMV Compliant
Is your QuickBooks credit card processing as safe as you think it is? QuickBooks recently announced that users will have to upgrade to the newest...
1 min read
Where’s My Illinois Tax Refund?
We get this question all tax season long. Where is my Illinois tax refund? Although Illinois isn’t promising to pay any faster, they are now offering...
1 min read
Residential Energy Efficiency Property Credit
As of the 2015 tax year, the federal government extended the Residential Energy Efficiency Property Credit through 2016. This tax credit is 30...
3 min read
IRS Warns of New Surge in IRS E-mail Schemes
IR-2016-28 – IRS News Release WASHINGTON – The Internal Revenue Service renewed a consumer alert for e-mail schemes after seeing an approximate 400...
1 min read
Who Can You Rightfully Claim as a Tax Dependent?
Do you ever wonder who you can rightfully claim as a dependent on your tax return and whether or not they qualify as a dependent? A dependent is a...