Tax reform has had a significant impact on the tax deductions you can now claim for business entertainment and meals. This can be confusing to business owners, please contact your Gilbert small business accountant for guidance. The chart below
The recent tax reform destroyed what was a win-win tax benefit for both the employer and the employee. BASC Expertise your Gilbert tax specialist can guide you through the changes. Transportation fringe benefits came into being in 1992 under the
Updated income-tax withholding tables have been released for 2018 reflecting changes made by the tax reform legislation enacted last month. BASC Expertise payroll Mesa can help your small business. The updated withholding information, available on IRS.gov, shows the new rates
You and your S corporation continue to enjoy good news in 2018 when it comes to your health insurance. BASC Expertise business accounting Mesa can guide you. And that good news also applies to your 2017 taxes. You first have
Most people file a tax return because they have to, but even if you don’t, there are times when you should–because you might be eligible for a tax refund and not know it. The six tax tips below should help
Recent tax reform legislation affected many provisions in the tax code. Many were modified, either permanently or temporarily, while some were repealed entirely. Â BASC Expertise tax preparation Gilbert can guide you.Here are five that survived. 1. Mortgage Interest Deduction While
You can pay your child to work in your business and get paid for paying your child. BASC Expertise business accounting Mesa can guide you. The basic mechanics of this are (a) you deduct the wages and (b) your child
U.S. citizens and resident aliens use one of three different forms for filing individual federal income tax returns: 1040EZ, 1040A, or 1040. If you’re wondering which form you should use, keep reading. BASC Expertise tax preparation Gilbert can help you. Form
If you donated a car to a qualified charitable organization in 2017 and intend to claim a deduction, you should be aware of the special rules that apply to vehicle donations. BASC Expertise tax preparation Mesa can help you. Note: You
Does your rental property activity meet the definition of a trade or business activity? If yes, your rentals produce the best possible tax benefits. BASC Expertise small business accounting Gilbert can guide you. In general, you report your rental properties
