February 5, 2019
classic car

New Mileage Rates for 2019

The optional standard mileage rates for business use of a vehicle will increase significantly in 2019, after increasing slightly last year, the IRS announced. For business use […]
December 20, 2018

The 20% Deduction (aka Section 199A)

Section 199A deduction also known as the Qualified Business Income deduction arises from the Tax Cuts & Jobs Act of 2017. This is a significant tax […]
November 7, 2018

The Inflation Adjusted Thresholds for Various Tax Levels Announced

The Social Security Administration (SSA) announced that the maximum earnings subject to the Social Security component of the FICA tax will increase from $128,400 to $132,900 […]
October 2, 2018
per diem rates increasing

New Per-Diem Rates Go into Effect

The new per-diem numbers are now out, effective October 1, 2018. These numbers are to be used for per-diem allowances paid to any employee on or after […]
September 12, 2018
a woman holds 1040 tax return papers in front of her face

Simplifying Tax Compliance for Seniors

  According to Adam Smith’s Canons of Taxation, the tax compliance function in any society needs to be convenient. This has not always been the case […]
August 23, 2018

Tax Breaks for College Expenses

If you’re a college student (or the parent of one), you should know about some key tax breaks that are available to you when you do your […]
July 11, 2018
US Supreme Court

New Supreme Court Ruling Could Affect Many Online Shoppers

The Supreme Court changed the landscape of online shopping Thursday, freeing state governments to compel retailers beyond their borders to collect sales-tax revenue from consumers and […]
June 13, 2018

HSA Contribution Limits for 2019

The IRS issued the calendar year 2019 inflation-adjusted figures for the annual contribution limits for health savings accounts (HSAs) and the minimum deductible amounts and maximum […]
May 9, 2018
close-up of tire treads

Charitable Miles Deduction

Now that the effects of last year’s tax reform bill are being felt, the proposals to reform the reform keep rolling in. Last month, Sen. Bob […]