Articles

The world of accounting and accounting services can be a long, winding road that can be easy to get lost on if you don’t have a competent guide. Not only are we here to show you the way, but we are also here to help educate you. Feel free to take a look at these articles to see if they can help.

Fundamental tax truths for C corporations

By | Taxes

The flat 21% federal income tax rate for C corporations under the Tax Cuts and Jobs Act (TCJA) has been great news for these entities and their owners. But some fundamental tax truths for C corporations largely remain the same.

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There’s still time to get substantiation for 2018 donations

By | Taxes

If you’re like many Americans, letters from your favorite charities have been appearing in your mailbox in recent weeks acknowledging your 2018 year-end donations. But what happens if you haven’t received such a letter — can you still claim an itemized deduction for the gift on your 2018 income tax return? It depends.

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What will your marginal income tax rate be

By | Taxes

While the Tax Cuts and Jobs Act (TCJA) generally reduced individual tax rates for 2018 through 2025, some taxpayers could see their taxes go up due to reductions or eliminations of certain tax breaks — and, in some cases, due to their filing status. But some may see additional tax savings due to their filing status.

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