It is way past April Fools, and it is time for everyone to get busy. There are only 4 more days for your pilgrimage for dear old Uncle Sam. April 15th is right around the corner, after which you might be able to catch the annual flight of the green eye-shaded bean counter. While their…
For tax years starting in 2018 through 2025, the Tax Cuts and Jobs Act (TCJA) created a new deduction for owners of pass-through business entities, such as sole proprietorships, partnerships, S corporations and limited liability companies (LLCs) that are treated as sole proprietorships, partnerships or S corporations for tax purposes. The deduction, sometimes referred to…
The new tax reform law, commonly called the “Tax Cuts and Jobs Act” (TCJA), is the biggest federal tax law overhaul in 31 years, and it has both good and bad news for taxpayers.