Notice a Difference in Your Tax Refund?
Many have been waiting to see the impact of the new Tax Cut and Jobs Act (TCJA), and the gauge many are using is their tax refund. This has left many shocked by a significantly smaller refund or (gulp) taxes owed this year. This has led to a level of confusion that can hopefully be cleared […]
ABC: A Better Choice for your Small Business Needs
Welcome to the story behind ABC Accounting and Business Consulting: A modern-day GPS for the small business owner! … Last summer I took my youngest daughter and a few of her friends to an outdoor park. It had been a while since our last visit, so I plugged our intended destination into my GPS, and […]
Help is Here!
Happy New Year! I hope you all are enjoying an excellent start to 2019. I don’t know about you, but my year-end always seems to be full of a million and one things to do. If you’re like most small business owners your shoebox of receipts from the last few months is overflowing and the […]
Tax Insight
Charitable Planning In 2017, Americans donated over $410 billion to charity. As 2018 closes, you may be considering your charitable giving. You can deduct charitable gifts of cash and property, plus deduct your charitable mileage (14¢ per mile). To be deductible, the contributions must go to a qualified organization.Contributions to individuals are never deductible. If […]
Tax Insight
The New (and improved?) Form 1040 The new Form 1040 has been touted as a simple way for most people to file their income taxes on a page the size of a postcard. Is that really the case? Depending on your situation, it may be. If your only source of income is wages, interest and […]