About a year ago, millions of Americans’ personal information was compromised through a hack of the Equifax database. One of the cautionary steps for consumers was to initiate a credit freeze with all three of the main credit bureaus –…
Under the Tax Cuts and Jobs Act, employees can no longer claim the home office deduction. If, however, you run a business from your home or are otherwise self-employed and use part of your home for business purposes, the home…
Meal, vehicle and travel expenses are common deductions for businesses. But if you don’t properly document these expenses, you could find your deductions denied by the IRS. A critical requirement Subject to various rules and limits, business meal (generally 50%),…
The Tax Cuts and Jobs Act (TCJA) provides a valuable new tax break to noncorporate owners of pass-through entities: a deduction for a portion of qualified business income (QBI). The deduction generally applies to income from sole proprietorships, partnerships, S…
Jan Marrs SPHR, has joined Mize Houser & Company, PA, a regional accounting, tax, payroll and consulting firm. As Talent Director at Mize Houser & Company P.A., Marrs is responsible for talent planning, leadership and all aspects of human resources…
For small businesses, managing payroll can be one of the most arduous tasks. Adding to the burden earlier this year was adjusting income tax withholding based on the new tables issued by the IRS. (Those tables account for changes under…
You’ve probably heard about the recent U.S. Supreme Court decision allowing state and local governments to impose sales taxes on more out-of-state online sales. The ruling in South Dakota v. Wayfair, Inc. is welcome news for brick-and-mortar retailers, who felt…
For tax years beginning in 2018 and beyond, the Tax Cuts and Jobs Act (TCJA) created a flat 21% federal income tax rate for C corporations. Under prior law, C corporations were taxed at rates as high as 35%. The…
When you think about recent tax law changes and your business, you’re probably thinking about the new 20% pass-through deduction for qualified business income or the enhancements to depreciation-related breaks. Or you may be contemplating the reduction or elimination of…
For the eighth year in a row, Mize Houser is recognized as one of the top 200 Firms by Inside Public Accounting (IPA), an accounting industry publication. Mize is ranked as the 129th largest public accounting firm within the top…