Newsletter Archives

February 2018 Newsletter

Entertainment Expense Deduction Terminated Due to the new tax law changes effective January 1, 2018, a deduction will no longer be allowed for an entertainment expense. Entertainment is defined as any activity that is generally considered ...

December 2018 Newsletter

Bonuses – The IRS requires bonuses to be taxed the same as wages.  This means that you must withhold social security, medicare, unemployment, and income taxes.  This rule applies even if you give bonuses in ...

January 2018 Newsletter

  1099’s & W-2’s are due to both the taxpayer AND the government by January 31.  Please make sure we have all of the necessary information no later than January 25th. If you are a bookkeeping ...