News & FAQ
Tax Changes in 2021 Whether you filed your 2019 taxes yet or not, believe it or not, you can begin thinking about start thinking about your 2020 return—due April 15, 2021. The sooner you educate yourself about tax changes, the more time you will have to take advantage of them. (Remember, there are advantages to filing…
First Look at 2020 Tax Rates The U.S. Bureau of Labor Statistics reported today that the consumer price index (CPI) has increased by 0.1% for August, after rising 0.3% in July. Here is what that means for taxpayers in 2020, together with the first look at predicted rates for the next year as calculated by Bloomberg Tax…
New Tax Brackets (Tables): What Has Changed With Tax Reform The Tax Cuts and Job Act contains hundreds of changes that affect taxable income, including new tax brackets. To compare the old and new information, view the 2017 and 2018 tax tables below. For additional context, read on and we’ll give you an outline of…
New Business Owner As a new business owner, you may be able to benefit from hundreds of potential deductions that weren’t available to you previously. Business deductions, coupled with proactive tax planning, could lead to your largest tax refund ever. Don’t wait a day longer than necessary to get your money back from the IRS.…
Changes to Florida Alimony Law, Effective 2019 If you and your spouse plan to get a divorce, you should probably be aware that any divorce that is not finalized before January 1, 2019, will be subject to new law concerning the taxability and deductibility of alimony. Currently, unless otherwise specifically designated, alimony is taxable to…
Tax Cuts and Jobs Act (TCJA) 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. Below are highlights of some of the most significant changes affecting individual and business taxpayers.…
Help Prevent Tax Identity Theft By Filing Early If you are like many Americans, you might not start thinking about filing your tax return until close to this year’s April 17 deadline. You might even want to file for an extension so you don’t have to send your return to the IRS until October 15.…
W-2, W-4, W-9 Explained Sometimes it seems like everywhere you turn, there’s another tax form that starts with “w” Is there a rhyme or reason for why they are named so similarly? Are they interchangeable or at least related? Well, much as we hate to say it, there’s not much of a connection between these…
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