You might wonder why there are so many extra tasks at year-end. While the government requires much of the work, there is clean-up work and adjustments that need to be done to make the books accurate. It’s not always cost-effective…
Top 10 Places in Downtown Tampa, FL to Spend Your Tax Refund
So, you’ve filed your taxes and just received your tax refund. Congrats! Give yourself a pat on the back; the worst part of tax season is finally over. Now you can decide whether you want to spend your refund on…
2018 Changes to Standard Deduction and Personal Exemption
The Tax Cuts and Jobs Act (TCJA), created drastic changes to personal exemptions and the standard deduction. For 2017, taxpayers could claim a personal exemption of $4,050 each for themselves, their spouses and any dependents. These exemptions could really add…
2018 Tax Returns and the Tax and Jobs Act
Regarding pass-through entities, a pass-through entity (an S corporation, partnership or sole proprietorship) is not subject to federal income tax. Rather, owners of the entity report their shares of the entity’s income or loss on their individual income tax returns…
Five Tips to Make Tax Time Painless
Tax time is probably not your favorite time of year, especially if you have to pay the government your hard-earned dollars. Here are five tips on how we can make it just a bit less painful. 1. Have patience. Practicing…
Get Ahead on Year-End Tasks
Year-end is just around the corner, and that means a couple of administrative tasks are necessary to take care of bookkeeping and tax chores. Here are a couple of tips to make year-end go smoother. Cleaning up Things will go…