Tax Update

The 2018 Tax Reform and Its Impact on Individual Taxpayers

January 29, 2018 | Posted by admin | Share:
At the end of 2017, President Trump signed the Tax Cuts and Jobs Act, one of the biggest tax reform in over 30 years. With this new bill, every taxpayer will see significant changes to their 2018 individual tax return. To better prepare yourself for next year’s filing season, please
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How the 2018 Tax Reform Will Affect Your Businesses

December 29, 2017 | Posted by admin | Share:
The Tax Cuts and Jobs Act of 2017 will bring sweeping changes to how your business entities will be taxed. Please review the following changes and contact us so that we may evaluate its impact on your business. Corporate tax rate changes: There will be a flat corporate tax
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The Coming Storm: Taxation of Bitcoin & Altcoins

November 30, 2017 | Posted by admin | Share:
On November 28, 2017, the federal courts ruled that Coinbase, a popular cryptocurrency exchange, must turn over taxpayer records on accounts with $20,000 or more in any one transaction type (buy, sell, send, receive) for any one year during 2013-2015 to the Internal Revenue Service.  The requested records include taxpayer
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AirBNB and Vacation Home Rentals

September 29, 2017 | Posted by admin | Share:
Many taxpayers are using home rentals as a way of obtaining additional income. How the income is treated depends on whether or not the “host” completely vacates the residence to use it for rentals only or whether he uses the residence himself in-between or during the rental use. If the
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