Our Accounting Articles
Refresher: Major Tax Law Changes for Small-business Owners
January 8, 2019
The dawning of 2019 means the 2018 income tax filing season will soon be upon us. After year end, it’s generally too late to take action to reduce 2018 taxes. Business owners may, therefore, want to shift their focus to assessing whether they’ll likely owe taxes or get a refund when they file their returns this spring, so they can plan accordingly.
You May be Able to Save More for Retirement in 2019
January 2, 2019
Retirement plan contribution limits are indexed for inflation, and many have gone up for 2019, giving you opportunities to increase your retirement savings:
- Elective deferrals to 401(k), 403(b), 457(b)(2) and 457(c)(1) plans: $19,000 (up from $18,500)
- Contributions to defined contribution plans: $56,000 (up from $55,000)
- Contributions to SIMPLEs: $13,000 (up from $12,500)
- Contributions to IRAs: $6,000 (up from $5,500)
Act Soon to Save 2018 Taxes on Your Investments
December 26, 2018
Do you have investments outside of tax-advantaged retirement plans? If so, you might still have time to shrink your 2018 tax bill by selling some investments you just need to carefully select which investments you sell.
Do Online Retailers Owe Sales Tax?
December 20, 2018
In the past, online retailers were only required to collect state and city sales tax in states where they had a physical presence, such as a warehouse, employees, or an office. But earlier this year, the Supreme Court changed everything for e-commerce companies when they upheld a law permitting states to charge sales tax to out-of-state sellers, regardless of whether or not a business has a physical presence in that state.
Year-end Tax and Financial To-do List for Individuals
December 18, 2018
With the dawn of 2019 on the near horizon, here’s a quick list of tax and financial to-dos you should address before 2018 ends: read more…
2019 Q1 Tax Calendar: Key Deadlines for Businesses and Other Employers
December 11, 2018
Here are some of the key tax-related deadlines affecting businesses and other employers during the first quarter of 2019. Keep in mind that this list isn’t all-inclusive, so there may be additional deadlines that apply to you. Contact us to ensure you’re meeting all applicable deadlines and to learn more about the filing requirements.