This is the time of year - not after year end - for you to reach out to your tax preparer. This is especially important in 2018 with so many tax law changes. Tell your preparer...
Posted by Maureen Thielen, EA, MST on 09/02/2018
Pension plans specifically intended for self-employed individuals and small businesses are called Simplified Employee Pension (SEP) Plans. It’s also known as SEP/IRAs because...
Posted by John Pournaras Agency on 08/30/2018
In 2018, the California Supreme Court decided a landmark case[1] on employee/independent contractor classification based on California's Industrial Welfare Commission (IWC) wage order...
Accumulated earnings and revenue is an accounting term applicable to shareholders of corporations. These earnings and profits are the net profits of a company after paying dividends...
Posted by CONTINENTAL TAX AND ACCOUNTING SERVICES on 07/30/2018
The U.S tax system experienced a huge change under the Tax Cut and Jobs Act. Under the new law, one of the biggest changes is the elimination of the deduction unreimbursed employee...
Posted by rinehimerbaker on 07/24/2018
January 2018Tax Reform Provides New 20% DeductionThe new 2018 Section 199A tax deduction that you can claim on your IRS Form 1040 is a big deal. There are many rules (all new, of course),...
Posted by Riesenbeck Financial Group Inc. on 01/20/2018
At present we are in the midst of uncertain financial times. Owing to the uncertainties it was seen that the average Canadian debt balances rose by 2.3% in the 2016 3rd quarter, which...
Posted by The Accounting and Tax on 12/01/2017
What's the best way to take advantage of all possible tax strategies for 2017? Perhaps the smartest way to pay less to Uncle Sam is to take advantage of as many deductions as...
Posted by Bottom Line Tax Services, LLC on 05/09/2017
Retirement may seem years or even decades away. Yet by planning and saving now, you can enjoy a relatively stress free retirement. Additionally, by starting to contribute to your retirement...