Will the Existing Income Tax Code Ever Be Replaced with a Flat Tax?
Every so often, an article or speech will make the rounds about how it would benefit all Americans to replace the current income tax structure with a flat tax. Our CPA firm is exploring what the flat tax is, its advantages and disadvantages over the existing code, and whether we believe a flat tax will […]
Sign Your E-File Authorization Form
When completing a manual or paper tax return, you know how important it is to sign and date the document before mailing it in in order to make it legally binding. What about electronic filing – is signing still important? Our CPAs are breaking down why you need to sign your e-file authorization form and […]
Tax Planning for Beginners: What You Need to Know
We are sharing some simple steps you can take to plan your finances in a way that will minimize your tax burden and leverage tax breaks.
Should Couples Choose Married Filing Separately or Jointly?
What’s the difference between married filing separately and married filing jointly, and which should you choose? We’re breaking down the difference.
Buying and Selling Stocks — Are Stocks Taxable?
If you are currently active in the stock market whether by your own endeavors or via a retirement plan such as a 401(k), our CPAs are fleshing out when stocks are recorded as taxable income so you can report them as such on your tax return.
Using The IRS Withholding Calculator to Determine Amount Withheld
Following the biggest set of tax law changes in over 30 years, the IRS continues to remind taxpayers to do a Paycheck Checkup to help make sure they are having the right amount of tax withheld. What Changes Were Made? The Tax Cuts and Jobs Act (TCJA), tax reform legislation enacted in December 2017, changed […]