Articles

Auto Standard Mileage Rates and Depreciation Amounts Updated

David
September 5, 2018
Taxes

The IRS has provided information to taxpayers about changes in the use of standard mileage rates and increased depreciation limits for passenger automobiles because of the Tax Cuts and Jobs Act.  (more…)

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New Tax Law: Selected Items of Interest

David
August 24, 2018
Taxes

The new tax law nearly doubles the standard deduction for taxpayers. Standard deductions are increased to $24,000 for married filing joint filers, $12,000 for single filers, and $18,000 for head of household filers. All personal exemptions are eliminated.   Most job-re

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The Kiplinger Tax Letter Recap

David
July 19, 2018
Taxes

DONATIONS: If you are 70 1/2 or older, consider making the donation from your IRA. You can transfer up to $100,000 annually from a traditional IRA directly to a charity. The charitable transfers count as all or part of your required minimum distributions, but unlike other IRA pay

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5 of the Biggest Bookkeeping Woes

David
July 5, 2018
Taxes

Very few people love bookkeeping. What a shame. However, if you do love bookkeeping then you should get out of your business and be a bookkeeper. Otherwise, get out of bookkeeping and focus on your business. (more…)

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