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Tax Time Receipt Round-up Wondering what receipts you need to gather to do your taxes? Join Abacus and Jennifer as they discuss what receipts you should find and keep come 2018 tax time. (Ya we know, it’s never fun!) Subscribe to NerdTube
H.R.1 Tax Cuts & Jobs Act FAQ Is small business income receiving benefits in this measure? Yep. Individuals in small pass-through businesses are going to be taxed at lower rates. You’ll get a write-off to equal 20% of the businesses’ income which is super cool. Of course, certain high earnings deductions will be capped at …
5-Min Tax Briefing If you’re 70 ½ or older and have a traditional IRA, you may want to consider making a Qualified Charitable Distribution (QCD) before the end of the year. A QCD allows you to give money directly from your IRA to a qualified charity without counting it as taxable income. For 2024, you …
Accountant’s Copy Backup An Accountant’s Copy backup is a special type of backup that you send to us, generally at year-end. This type of backup, as with a regular backup, allows us to create journal entries and make other changes to your QuickBooks file. The difference is that when restoring the Accountant’s Change file to …
2017 Tax Reform & Lower tax rates Congress is enacting the biggest tax reform law in thirty years, one that will make fundamental changes in the way you, your family and your business calculate your federal income tax bill, and the amount of federal tax you will pay. Since most of the changes will go …
7 Changes Are Coming to Social Security! Social Security is one of the most important(let’s not get into a debate over it now, that’s not the point) social programs in our country. In fact, as of August of this year, 61.5 million Americans receive Social Security benefits. 42 million of those esteemed individuals are retired …
Have you ever wondered exactly how long record retention is necessary? Which records are important? How long should you keep them? The Internal Revenue Service has provided a list detailing every important document and their retention schedule. This list includes: Accident reports Financial documents Sales commission reports Vouchers for payments to vendors & much more Record Retention …
Tax Preparation Humor Yes we get it. It’s tax time again and everyone usually feels the same. Anger, disappointment and complete confusion on how to do taxes properly. 2017 brings along a nice bit of changes to personal and business tax codes so let us help you. In the meantime enjoy some accounting humor. We frequently …
We’ve mailed our 1040 checklist this week in order to help you assemble the necessary information to prepare your personal income tax returns for 2016. If you did not receive your copy or you need an additional copy, you can download it from our website here: 1040 checklist 2016
Work with us anytime, anywhere In today’s business environment, it’s possible to do more and more anytime, anywhere, thanks to the Internet. And now, you can work with us online as well. You can access a variety of services anytime, right from our website. It’s as easy and secure as online banking, and all it …
