Your Most Trusted and Valued Financial Advisors


If you donated money to charity, you’ll need these records

Published on March 21st, 2018

If you plan on deducting charitable contributions on your 2017 tax return, you’ll need to have certain records. Gifts by check or credit/debit card must have written documentation showing the name of the organization you gave to, the contribution amount, and the date it was made.  If the contribution is more than $250, you’ll also need […]

Changes to the kiddie tax

Published on March 6th, 2018

The Tax Cuts and Jobs Act has changed the way unearned income is taxed for your children. In the past, interest, dividends, and other unearned income used to be taxed in phases. The first $1,050 was tax-free, the next $1,050 was taxed at the child’s rate and any additional was taxed at the parent’s tax […]

Do you have a household employee? Don’t ignore the nanny tax

Published on January 29th, 2018

As you review your filing requirements make sure you don’t overlook the nanny tax related to household employees. If you have a housekeeper or any other household employee, you could be liable to pay state and federal payroll taxes. How to know if you must pay the nanny tax? First, you’ll need to determine whether […]

IRS, States, and Tax Industry Warn Employers to Beware of Form W-2 Scam; Tax Season Could Bring New Surge in Phishing Scheme

Published on January 29th, 2018

(IR-2018-8 , 1-17-18 – Posted on the IRS Website) WASHINGTON – The Internal Revenue Service, state tax agencies, and the tax industry urge all employers to educate their payroll personnel about a Form W-2 phishing scam that made victims of hundreds of organizations and thousands of employees last year. The Form W-2 scam has emerged […]

Update your mileage rate reimbursements

Published on January 23rd, 2018

If you plan on using your vehicle for business, medical appointments or moving during 2018, make sure you know the standard mileage rates have changed. The standard business mileage rate increased to 54.5 cents per mile (up from 53.5 cents in 2017). The medical and moving rates also increased by 1 cent, to 18 cents […]

Follow us on Facebook Follow us on LinkedIn Follow us on Twitter