Tag: business taxes

Tax Season Is Around The Corner

Tax season
Tax season is almost here.

Tax season will kick off toward the end of January regardless of the government shutdown, the IRS says.

The agency announced that tax season will begin Jan. 29.

“We are committed to ensuring that taxpayers receive their refunds notwithstanding the government shutdown. I appreciate the hard work of the employees and their commitment to the taxpayers during this period,” said IRS…

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Understaffed IRS Eyes Social Media To Catch Tax Cheats

IRS
Cuts at the IRS could delay tax returns. By Joshua Doubek (Own work) [CC BY-SA 3.0 (https://creativecommons.org/licenses/by-sa/3.0)], via Wikimedia Commons
The IRS, following years of budget cuts that have eroded its ability to police wealthy tax cheats, is turning to the Internet for help

The agency recently acknowledged it will monitor social media to go after tax dodgers. According to Quartz:

“Businesses and individuals increasingly use…

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Wilton Manors Accountants Have Your Needs Covered

Wilton Manors accountants
The Wilton Manors accountants of Sterling Accounting can help with multiple issues.

Whether you’re looking for top notch tax preparation or business bookkeeping, the Wilton Manors accountants of Sterling Accounting can help.

As the Wilton Manors accountants point out on Sterling’s website: “We serve every client with a depth of resources and the highest level of expertise offering personal attention and access that…

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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…

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IRS Issues Pass-Through Tax Deduction Guidelines

tax
There’s plenty of complexity in the new tax law.

An aspect of tax reform that could provide significant savings for owners of pass-through businesses will also require plenty of work to claim.

One part of the tax bill passed at the end of last was allowing a 20 percent deduction on income from pass-through businesses. But it’s not as simple as it may seem. The IRS recently issued…

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Senators Introduce IRS Reform Bill

IRS
Congress is considering reforms to the IRS.

Two Senators have introduced a bill they say will reform some parts of the IRS and help low-income taxpayers.

Sens. Rob Portman, R-Ohio, and Ben Cardin, D-Md., last week introduced the Protecting Taxpayers Act.  The bipartisan legislation focuses on improving the organizational structure of the IRS and making it easier for small businesses and retirement plan administrators to comply…

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Have You Just Missed This Tax Deadline? Contact Wilton Manors Accountants

Wilton Manors accountants
Contact Wilton Manors accountants to handle taxes on deadline.

Most Americans have taken care of their tax filing obligations for the year. But if you’re your own boss, you may not be like most Americans. Getting in touch with qualified tax preparers such as the Wilton Manors accountants of Sterling Accounting may be in your best interest.

As CNBC points out, if you have income from a…

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Wilton Manors Book Keepers Notes: New Tax Law Alters Meals And Entertainment Rules

wilton manors book keepers
Contact Wilton Manors book keepers to help navigate tax law changes that effect meals and entertainment.

Businesses for the most part benefit from changes to tax law put in place at the end of 2017. But there are notable exceptions the Wilton Manors Book Keepers of Sterling Accounting want to bring to light.

One notable change is in the arena of meals and entertainment. According to…

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Supreme Court Case Has Big Implications For National, Wilton Manors, Tax Preparation

Wilton Manors Tax Preparation
A Supreme Court case involving South Dakota could impact Wilton Manors tax preparation.

A South Dakota case before the Supreme Court of the United States could have implications for national and Wilton Manors tax preparation.

The high court heard arguments last month in a suit that could determine whether e-commerce companies will have to pay sales taxes in states where their goods are…

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Fort Lauderdale Accountants News: Supreme Court Case Could Pose Bookkeeping Issues

Fort Lauderdale accountants
A case before the U.S. Supreme Court illustrates the need for online retailers to consult experts like the Fort Lauderdale accountants of Sterling Accounting.

A case coming before the Supreme Court could result in a major change for online retailers, illustrating the need to consult with bookkeeping experts such as the Fort Lauderdale accountants of Sterling Accounting.

South Dakota is asking the court to overturn a 1992…

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