Does the April 15 filing deadline apply to your company? What additional tax deadlines are there for businesses and employers during the second quarter of 2019? Here are some of the key tax-related deadlines that …Read More

 

Limited liability company (LLC) members may be subject to back taxes and penalties if they underpay self-employment tax. Find out if your business could be at risk. SE Tax Background Self-employment income is subject to …Read More

 

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