Blog

28
Feb

6 Tips to Avoid Common Tax Mistakes

If you haven’t already, you are probably preparing to file your tax return. Tax season can be a stressful time, as you gather documents and anticipate paying taxes or receiving a refund. Unfortunately, there are some common mistakes taxpayers make when filing taxes. Here are some tips to avoid them. Try to break even on your taxes. Getting a big refund in April is actually not good news. While it…  Read more

28
Feb

This New IRS Form May Affect Your Paycheck

There’s a new form in town, and it may affect the amount of money withheld from your paycheck each pay period. The U.S. Department of the Treasury and the IRS recently proposed regulations to correspond with the new Form W-4 Employee Withholding Allowance Certificate. The new Form W-4 was released in late 2019 and went into effect in 2020. It is one of the many changes resulting from the Tax…  Read more

6
Dec

Can you take advantage of the QBI deduction?

The Tax Cuts and Jobs Act brought some changes to 2018 tax returns, allowing owners of pass-through entities to take advantage of a large deduction for qualified business income (QBI). So, what do these changes mean moving forward for owners of these types of businesses? Well, that depends. This deduction has limitations, so there are many factors to consider. Here are a few questions to help you determine whether your…  Read more