Withholding Changes Could Lead To Issues With Taxes

taxes
Our expertise in taxes can help you navigate issues with withholding.

Many Americans may face trouble with taxes because they’ve failed to take into account new withholding rules.

According to CNBC:

The IRS has been warning filers all year to ensure they’re withholding enough tax from their pay in order to avoid a surprise tax bill in 2019.

Turns out, few people seem to be listening.

At least that’s…

Continue reading »

IRS Boosts Limits For Retirement Accounts

IRS
The IRS has increased contribution limits for retirement accounts.

The IRS announced last week it had increased contribution limits for retirement accounts for 2019.

According to Money Magazine:

The cap on annual contributions to a traditional and Roth IRA, which hadn’t changed since 2013, will rise to $6,000 from $5,500. The catch-up contribution to these accounts for those ages 50…

Continue reading »

Hire The Right Business Accountant

business accountant
The right business accountant can make a big difference.

Few decisions are more important than hiring the right business accountant. But how can you be sure which business accountant is best for your company?

Thankfully, there are some rules of thumb you can follow when searching for the perfect business accountant.

Look at credentials and experience

Credentials aren’t the first and last word, but they can help indicate…

Continue reading »

Don’t Forget These Business Accounting Best Practices

business accounting
Business accounting has changed over the years. But some things are constant.

We know business accounting isn’t always the most fun part of running your company. But it’s extremely important to your success.

For that reason, you want to do it as well as possible. You can cover part of that responsibility by working with a business accounting expert. But even after you do that, you’ll want…

Continue reading »

Follow These Business Accounting Tips To Give Yourself Chance To Succeed

accounting
Accounting is part of business success.

Few people go into business with expertise in accounting. But business owners soon find out how important staying on top of the books is.

That’s where these accounting tips can help your business succeed.

Separate business, personal Books

One temptation, especially when you’re just starting out, is to mingle business and personal finances.

Don’t give in to the temptation. “Having a dedicated business bank account,…

Continue reading »

Tax Audits Fall Victim To Budget Cuts

tax audits
The IRS has cut back on tax audits.

The IRS has pulled back on tax audits following years of budget cuts at the agency.

The agency’s enforcement division was slashed as a result of 2011 budget cuts, according to a joint investigation by Pro Publica and the New York Times. According to the report:

Bringing cases against people who evade taxes on legal income is central…

Continue reading »

IRS Expected To Allow Continued Meal Tax Deductions

deductions
Deductions for business meals may continue.

A pending IRS ruling may ease concerns about deductions for business meals.

According to the Wall Street Journal, the IRS is expected to release guidance that deductions for 50 percent of the cost of taking clients out for business meals. There had been concern about the deductions going away as a result of the massive tax overhaul passed…

Continue reading »

IRS Use Of Private Tax Collectors Underperforms

IRS
An effort to have private collectors help the IRS has turned in an underwhelming performance.

A program that requires the IRS to use private companies to make tax collection attempts has not performed as advocates hoped, according to a report by the Treasury Inspector General For Tax Administration.

This latest report is the third time in three months an independent review has found the IRS

Continue reading »

IRS Continues Crackdown On Offshore Tax Cheating

IRS
The IRS will end a program giving amnesty to tax cheats with overseas accounts who ‘fess up.

The IRS later this month will end a program allowing tax evaders with secret offshore accounts to confess and avoid prison.

The IRS made the decision to shut down the program following declining demand. According to Fox Business, the agency will continue a program that helps people who…

Continue reading »

Wilton Manors Accountants Can Help You Succeed

Wilton Manors Accountants
Let our Wilton Manors accountants attend to your bookkeeping needs.

Most business owners didn’t get into business to keep books. They got into business to provide their specific good or service. But the Wilton Manors accountants of Sterling Accounting are here to help.

With over 15 years of experience, Sterling Tax & Accounting Services located in Wilton Manors, Florida, can take the following off…

Continue reading »