We all will get our first actual taste of how President Trump's Tax Cuts and Jobs Act is going to affect us personally. Most people will see, overall, positive results (when comparing to last year). All things being equal, most people will have less tax assessed, people with dependents will see larger tax credits than before, small business owners will have a new deduction that evens out their tax burden a little compared to others with similar incomes.
Some, however, especially higher income people, may see higher tax bills. Those used to claiming employee business expenses, business entertainment expenses, or deducting investment advisor fees will no longer be able to deduct these expenses. All true tax professionals spent hours and hours in continuing education (I have over 60 hours this year; I am only required to have 24), and personal research (I probably have that many more in personal research).
There are six new schedules on this year's tax return. The nationally televised tax preparation firms will likely raise their fees at least 20% this year.
Some, however, especially higher income people, may see higher tax bills. Those used to claiming employee business expenses, business entertainment expenses, or deducting investment advisor fees will no longer be able to deduct these expenses. All true tax professionals spent hours and hours in continuing education (I have over 60 hours this year; I am only required to have 24), and personal research (I probably have that many more in personal research).
There are six new schedules on this year's tax return. The nationally televised tax preparation firms will likely raise their fees at least 20% this year.
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With the IRS' successful subpoena of Coinbase records, taxpayers who have failed to include their cryptocurrency sales, exchanges, and cash outs (even through purchases of goods and services) now have to report EVERY sales transaction.
We can help you get compliant, as well as help you solve big IRS problems!
If you own a business, you may be paying too much in taxes.
Contact us and we will give you a free 15 minute consultation on how you can save a bunch of money EVERY YEAR in taxes-through one simple, shrewd move the smart business professionals use!
We can help you get compliant, as well as help you solve big IRS problems!
If you own a business, you may be paying too much in taxes.
Contact us and we will give you a free 15 minute consultation on how you can save a bunch of money EVERY YEAR in taxes-through one simple, shrewd move the smart business professionals use!
Are You Looking For Bookkeeping Assistance or Periodic Checking of Your Bookkeeping Work?.
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You are paying your employee for babysitting your office!
By outsourcing your bookkeeping and accounting functions, you can save on all the fringe benefits, paying for unproductive time.and save up to 40% of the cost of having an employee!
If you are a freelancer, sole proprietor, solopreneur, small business owner, entrepreneur, etc who's tired of doing.
Not only is Dan a fabulous and detailed tax professional, but he is also going above and beyond during the pandemic to.
I've been going to Dan and Affordable Accounting Assistance for my tax preparation for years.
Dan is a pro - fast, .
We have found Dan Bosler and his team at Affordable Accounting Assistance to be extremely knowledgeable and helpful.
Not only is Dan a fabulous and detailed tax professional, but he is also going above and beyond during the pandemic to.
I've been going to Dan and Affordable Accounting Assistance for my tax preparation for years.
Dan is a pro - fast, .
We have found Dan Bosler and his team at Affordable Accounting Assistance to be extremely knowledgeable and helpful.
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