Tax Reform Bill to Small Businesses With the passing of the “Tax Cuts and Jobs Act” the changes in tax legislation make it extremely difficult for small businesses to calculate their own estimated payments.  The Federal Government even acknowledged the laundry list of shortcomings associated with the act, and yet have provided no real answer…

Originally posted 2018-07-16 21:44:32.

    More Taxpayers Will Owe The IRS In April Because Of Underwithholding, Report Says More Americans will be writing a check because they owe the IRS in April due to their employers are not withholding enough from their paychecks following the new tax law, the Government Accountability Office says in a new report. Based on…

Originally posted 2018-08-02 19:14:48.

  Tips for procrastinating taxpayers filing before the extension deadline October 15, 2018 Haven’t filed your tax return yet? You are not alone. In fact, millions of Americans waited until April 17 to file their taxes this year. It was so bad that the last minute return filers crashed the IRS e-filing system this year, which is…

Originally posted 2018-07-02 01:46:22.

Chapter 7 Bankruptcy The Chapter 7 Bankruptcy liquidation approach converts a debtor’s non-exempt assets to cash distributed in conformity with the Code. An honest debtor is discharged from most of the remaining debts and given a fresh start. Eligible debtors include individuals, partnerships, and corporations. Among others, the following entities are generally not eligible to…

Originally posted 2018-07-31 17:31:28.

  Fringe Benefits or Employee Benefits Employee benefits are generally included in an employee’s gross income (there are some exceptions). The benefits are subject to income tax withholding and employment taxes. Employee benefits include cars and flights on aircraft that the employer provides, free or discounted commercial flights, vacations, discounts on property or services, memberships…

Originally posted 2017-09-28 03:52:07.

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