Do you know what the Section 179 expensing limit is for 2019? Or how much you can allow your employees to contribute to their 401(k) plans this year? Find out these amounts and other annual …Read More


Following feedback from the payroll and tax communities, the Treasury Department and the IRS will incorporate important changes into a new version of the Form W-4, Employee’s Withholding Allowance Certificate, for 2020. The 2019 version …Read More


Urgent W-2 and 1099 Filings Notice

There is a major change regarding W-2 and 1099 filings. In 2018, the IRS issued regulations that virtually eliminated the ability to ask for an extension to file these forms. This change means you must …Read More


Paying your taxes is serious—and the government wants you to know it. For the first time in years, Minnesota and Wisconsin now have a permanent director in the U.S. Attorney’s office dedicated to fighting tax …Read More


It’s getting to be that time of the year to review your business’s expenses for deductibility. The deductibility of certain expenses is obvious, while in other cases it’s unclear. And the TCJA affects many business …Read More


The effects of the 2017 Tax Cuts and Jobs Act has a simple but large impact on the Estate Tax world. The federal exemption increased from $5.49 million per person in 2017, to $11,180,000 in …Read More


As the new W-4 draft is released, Froehling Anderson wanted to provide an in-depth overview of the updated draft and what you can expect in 2019. The IRS has released a draft of the 2019 …Read More


How To Document Business Expenses

Some common deductions for businesses are meal, vehicle and travel expenses. But if you don’t properly document these expenses, you could find your deductions denied by the IRS. Is your business properly documenting them? A critical …Read More


Are you a high-income small-business owner who doesn’t currently have a tax-advantaged retirement plan set up for yourself? A Simplified Employee Pension (SEP) may be just what you need, and now may be a great …Read More


3 Common Misconceptions about the IRS Audit Process

For many high-income taxpayers, the prospect of being asked to submit to an audit is one of the scariest scenarios they can imagine. There are many misconceptions about what happens during an audit, which we’d …Read More