The Tax Cuts and Jobs Act (TCJA) made significant changes to the federal tax law, including a significant decrease in the corporate tax rate. Beginning in 2018, the tax rate for c-corporations is a flat rate of 21%. This is great for existing corporations, as they were previously taxe

Due to the recent tax law changes, many more taxpayers will be taking the standard deduction vs itemizing for 2018. The standard deduction  for 2018 is $24,000 for married filing jointly taxpayers (up from $12,700 in 2017). Significant changes to itemized deductions take effect this y

With the coming of a new year means W-2s and 1099s are due right around the corner. The due date for both is January 31, 2019. You will need the following information in order to accurately and timely report your 1099s: Social Secuirty Number or Federal Identification Number Individua