The dawning of 2019 means the 2018 income tax filing season will soon be upon us. After year end, it’s generally too late to take action to reduce 2018 taxes. Business owners may, therefore, want to shift their focus to…
Promotions in the Mize Restaurant Group, which provides restaurant accounting and consulting services to independent and quick service restaurants nationwide, include: Tyler Beiker, CPA is promoted to QSR Accounting Services Associate Manager. Tyler provides accounting services to McDonald’s Owner/Operators and…
Tax planning is a juggling act for business owners. You have to keep your eye on your company’s income and expenses and applicable tax breaks (especially if you own a pass-through entity). But you also must look out for your…
The Good News: IRS Waiving Penalties The IRS is generally waiving the penalty for any taxpayer who paid at least 85 percent of their total tax liability during the year through federal income tax withholding, quarterly estimated tax payments or…
The IRS is moving at a slow crawl due to the federal government shutdown, but don’t let the situation slow you down in preparing to meet with your tax advisor. “The IRS announced it will begin processing tax returns on…
The Tax Cuts and Jobs Act of 2017 significantly reduced the ability of a business to deduct the cost of transportation fringe benefits provided to their employees, unless the annual cost of the benefit is included in taxable wages on…
Federal government employees aren’t the only ones shouldering an extra load during the federal government shutdown. Employers are taking on the burden of trying to keep track of Forms I-9 that need to be completed or updated despite no access…
An update on our previously posted article... The Internal Revenue Service has announced it will issue refunds to taxpayers even if the federal government shutdown extends into tax season. In previous shutdown situations, the IRS accepted tax returns but delayed…
Update 1/8/19: The IRS has just confirmed that, despite the current government shutdown, it will begin processing 2018 tax returns on January 28, 2019 and will provide refunds to taxpayers as scheduled. As 2019 begins, we are wading into unknown…
As the year winds to a close, most businesses see employees taking a lot of vacation time. After all, it’s the holiday season, and workers want to enjoy it. Some businesses, however, find themselves particularly short-staffed in December because they…