Along with lowering rates on businesses, the Tax Cut and Jobs Act of 2017 increases the Section 179 deduction, which covers hardware and software purchases.
Now that companies have filed their 2017 taxes (or at least filed an extension), it’s a good time for small businesses to plan for the 2018 tax year and learn how they can benefit from the new tax law, from lower tax rates to much larger tax breaks for technology purchases.
Finding the right CPA can make a world of difference to your financial and mental wellbeing. Employing the services of a CPA is a working relationship built on trust. Selection criteria should include not only capability but credibility, business style and even personality type. A lasting partnership can provide you
SJG clients who participated in year-end income tax projections and tax planning in November and December of 2017 realized more than $820,000 in real tax savings! This is over and above their tax savings recognized throughout 2017. This equated to $68,000 on average per related entity group — simply by
Each year Intuit releases an upgrade to QuickBooks™ Desktop accounting software and discontinues support for versions greater than two years old. This year, on May 31, 2018, Intuit will cease support for the 2015 version of QB Desktop and SJG, therefore, recommends that businesses using versions 2015 or earlier should
Each year, the Internal Revenue Service (IRS) sets standard mileage rates for business based on an annual study of fixed and variable costs of operating an automobile, including depreciation, insurance, repairs, tires, maintenance, gas and oil. Beginning January 1, 2018, the standard mileage rates for the use of a car
Long before the security breach at Equifax, companies and individuals have been plagued by growing threats from ransomware, malware, identity theft and computer viruses. At S.J. Gorowitz Accounting and Tax Services, P.C., (SJG) keeping your accounting data safe is a huge priority. SJG recently secured services from a local technology
The Internal Revenue Service (IRS) is ramping up efforts to thwart identity theft, which is becoming more and more common. Tax-related identity theft occurs when …
Good financial records lay the foundation for mapping business progress, preparing statements, identifying key income sources, tracking deductible expenses, keeping track of property, preparing your …