An Election Year Primer
As you read this, you are as near to the year 2000 as you were during the first year of the Reagan Administration. For some, the memory will be fond. For others, less so. For all, though, the reality is that while election cycles effectively start much earlier than they once did (Rona... Robert A. Kerr, EA
Lessons Learned From the 2018 Tax Season
Now that the extended deadlines have passed for 2018 returns, we can take a moment to reflect on the lessons learned throughout a challenging year. Below we have put together five major takeaways we have come across to aid in planning for the 2019 tax year and beyond. To this end, please kee... Megan Bierwirth, CPA
A Deep Dive into the 2020 Form W-4
There are two basic tax forms employees use — Form W-4, Employee’s Withholding Certificate and Form 1040, U.S. Individual Income Tax Return. While employees often delegate preparing their Form 1040s to their accountants, they usually complete Form W-4 themselves. This ta... Alice Gilman, Esq.
Tax Change Transforms Charitable Giving Landscape
Donor-advised funds are growing in popularity as a way for individuals and corporations to give to charities. Broad-sweeping changes to the tax code at the end of 2017 sent nonprofits into a state of panic. The doubling of the standard deduct... Kim Moore
Why 2020 Will Probably Be the Start of a New Era for Payroll
Your payroll operations have been humming along for quite some time. Forever, maybe. All of that is about to change. The IRS is resolved to shake up all things payroll, beginning next year. The changes are wide-ranging and profound. Here is what we know now, based on draft forms ... Alice Gilman, Esq