Blog
New 2019 Sales Tax Rules
Selling your product in another state? The rules are changing Historically, the onus of paying sales tax has been on the buyer. But now with ecommerce being so prevalent in today’s world, a lot of states weren’t getting their cut …
What Receipts You Need to File Your Taxes
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 …
H.R.1 Tax Cuts & Jobs Act Explained
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 …
5-Min Tax Briefing
5-Min Tax Briefing March 06, 2018 PREVIEW ISSUE – No. 2018-05 Item for Thursday, March 1, 2018 IRS Releases Updated Form W-4 and Withholding Calculator: The IRS has released an updated version of Form W-4 (Employee’s Withholding Allowance Certificate) and …
QuickBooks: Accountant’s Copy Backup
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 …
2017 Tax Reform
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 …
What are the Social Security Changes in 2018 You Need to Know?
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, …
How Long You Should Retain Certain Records
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 …
2017 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 …
1040 Checklists Have Been Mailed!
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 …
