Category : General

Best CPA Firm SKC CPA LLC-Your Ultimate Choice For Business Accounting, Payroll Accounting, Auditing And Business Valuation!

Posted on: Jun 12, 2017

Accounting/bookkeeping is not an easy task, you already know it. With over hundreds of accounting firms, finding a reliable tax accountant to get professional bookkeeping services becomes too difficult.

Are you looking for a pro-tax consultant dedicated to offering one-of-a-kind a...

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What are ways to receive tax deductions in the United States

Posted on: Oct 20, 2017

 
 
  

Hi

You do not receive the tax deductions. A better way to rephrase may be you are eligible to claim certain tax deductions on your tax return based on the...

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5 easy steps to getting your business accounting ready for tax time

Posted on: Nov 30, 2017

  • Bank and credit cards: Keep your year to date bank and credit card statements ready for tax time. The accounts should be reconciled and match the final balances in your accounting software.
  • Business loans: [Read More]

Here's how the new tax bill will impact your taxes

Posted on: Dec 23, 2017

Below are few major tax highlights and the impact the new tax plan may have on your 2018 tax bill. (Individual tax filers)

  1. Health insurance: There is no penalty for not buying health insurance
  2. Estate taxes-exempts most: Es...

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When will I receive tax refund check? IRS refund schedule 2018

Posted on: Jan 31, 2018

RS refund schedule 2018

 

One of the most frequently asked questions during the tax season to a tax preparer is ' when will I receive a tax refund check'. While the processing times may vary, IRS has issued general guidelines on refunds. It is usually 21 days from ...

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BENEFITS OF S CORPORATION/TAX ELECTION UNDER THE NEW TAX PLAN.

Posted on: Feb 25, 2018

S Corporation

A business may elect to be an S Corporation (S Corp) by filing form 2553. This will provide additional tax benefits for the S Corporation as there is no taxation at the corporate level. All profits and losses will pass through at the shareholder level.

...

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How meals and entertainment expenses will be taxed in 2018?

Posted on: Aug 15, 2018

 

The Tax Cuts and Jobs act has newer rules for deducting business meals and entertainment expenses. According to prior 2017 tax law, most meals and entertainment expenses were 50% deductible for tax purposes.

We have received many questions about how meals and entertainm...

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HERE’S HOW TAXPAYERS WITH CHILDREN CAN CHECK THEIR TAX WITHHOLDING-(PAYCHECK CHECKUP)…

Posted on: Aug 20, 2018

The Tax cuts and Jobs Act that was passed last year has many changes relating to child tax credit & personal exemptions that impacts your paycheck tax withholding.

Below are few useful tools offered by the Internal Revenue Service that taxpayers can use to check their monthly paycheck ...

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