The New Tax Law: How it Will Affect You

On December 22, 2017, President Trump signed the new tax reform bill, the Tax Cuts and Jobs Act, into law. This new tax law brought big changes for both individuals and companies. In general, the changes to individual provisions expire at the end of 2025, but the corporate changes are permanent. While new the new […]

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Get in the Habit of Year-Round Tax Planning

Addressing your tax liability effectively requires tax planning throughout the year. Those business owners who reap the most benefits consider their taxes year-round, rather than waiting to focus on tax payments only a few weeks before the filing due date. A typical small business qualifies for roughly a dozen tax deductions. For example, you can […]

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10 Easy Ways to Make Tax Planning Fun this Summer

It’s already starting to feel like summer here in Florida, but the forecast for Washington, D.C. remains unclear as officials continue to discuss various tax-related issues. No matter what happens, don’t get stuck in a holding pattern yourself. You’ll find it’s worthwhile to give some attention to business and personal tax planning this summer. Here […]

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Worker Misclassification

Finally the IRS addresses a problem experienced by some employers and not-for-profit organizations: the misclassification of workers in “sheltered workshops” as independent contractors rather than employees. IRS Revenue Ruling 65-165 clarifies the treatment of disabled workers in the following situations: Individuals in training in a rehabilitation program designed to prepare them for placement in private […]

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