by George Simpson | Mar 27, 2019 | Business News
You Haven’t Filed Your Tax Return Yet? Time Is Almost Up This year you will need to deal with significant changes to the income tax code. Tax forms have been redesigned and what you can write off has changed. If you found the tax code complicated in the past, you...
by George Simpson | Feb 27, 2019 | Business News
Will Tax Planning Benefit You? When we review tax returns of new clients, we usually find they were paying more taxes than they needed to. Most had either prepared their tax returns themselves or did not receive enough advice from their previous tax preparer. The...
by George Simpson | Jan 30, 2019 | Business News
Spousal Support IRS Tax Deduction Changes As of January 1, 2019, recipients of alimony will no longer be taxed by the IRS on spousal support received. However, paying spouses lose the eligibility to claim spousal support payments as a tax deduction, which was...
by George Simpson | Jan 2, 2019 | Business News
Obamacare’s No Insurance Penalty Finally Ends! President Trump and Congress have rescinded the penalty for having no insurance under the Affordable Care Act. This repeal goes into effect beginning January 1, 2019. If you were uninsured for 2018, unfortunately, you...
by George Simpson | Nov 29, 2018 | Business News
The New Tax Law and Rental Real Estate There is good news for most rental property owners. The 2018 Tax Cuts & Job Act (TCJA) not only reduces income tax rates but also provides breaks for rental real estate owners. The TCJA includes a new tax deduction that...
