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

 

The Tax Cuts and Jobs Act has narrowed the range of who can claim the home office deduction. But certain business owners and self-employed taxpayers may still be eligible depending on how you use your …Read More

 

Froehling Anderson compiled some tax document retention guidelines that you may find useful after wrapping up 2017 taxes. It is important to know which items to hold on to in order to stay organized for …Read More

 

In quarter 2 of 2018, there are some important tax-related deadlines affecting businesses and other employers to be aware of. This list is not all-inclusive, so there may be other deadlines that pertain to your …Read More

 

With bonus depreciation, a business can recover the costs of depreciable property more quickly by claiming additional first-year depreciation for qualified assets. The Tax Cuts and Jobs Act (TCJA), signed into law in December, enhances …Read More

 

Tax credits reduce tax liability dollar-for-dollar, potentially making them more valuable than deductions, which reduce only the amount of income subject to tax. Maximizing available credits is especially important now that the Tax Cuts and …Read More

 

The topic of tax reform has been front of mind for many our clients since its passage on December 22, 2017.  While we are waiting for Code and Regulations to provide clarity on many of …Read More

 

The Tax Cuts and Jobs Act (TCJA) enhances some tax breaks for businesses while reducing or eliminating others. One break it enhances — temporarily — is bonus depreciation. While most TCJA provisions go into effect …Read More

 

Click here for a PDF version:  Tax Law Changes