Stay up to date with the latest news, insights, tips, and information from WealthBuilders CPA.
Wealth Builders Blog
-
Tax Reformed Explained – The Affordable Care Act
As promised, week by week, we will be taking a closer look at all the components of the new tax reform bill. This week’s topic deals with the Affordable Care […]
-
IRS updates withholding tables for new tax law
Accounting Today Article by Michael Cohn The Internal Revenue Service released updated tax withholding tables for 2018 Thursday to reflect changes for the Tax Cuts and Jobs Act, amid warnings that the […]
-
Ready or Not, Here It Comes!
Good morning and happy Wednesday! Well, it FINALLY happened. The IRS has officially released that much anticipated information – the first day to file your 2017 taxes. And the magic […]
-
New Year, New Goals
It’s January. Everyone is making or has already made at least one New Year’s resolution. For many people, resolutions are centered around their personal health. Why not make a resolution […]
-
2018 Tax Filing Season Begins Jan. 29, Tax Returns Due April 17; Help Available for Taxpayers
WASHINGTON ―Jan. 04, 2018 The Internal Revenue Service announced today that the nation’s tax season will begin Monday, Jan. 29, 2018 and reminded taxpayers claiming certain tax credits that refunds […]
-
Standard or Itemized….Which is Better?
Ah, the end of the year. Everyone feels all warm and fuzzy from giving generously over the holiday season. Now comes the time of year when the IRS wants to […]
-
Get Ready…It’s Coming!
It’s mind-boggling to think that yet another year ended. The holidays have come and gone, and 2018 is now here. You know what that means – tax season is upon […]
-
Tax Reform and Your Taxes
Well, the Tax Cuts and Jobs Act (H.R. 1) has passed, mainly starting in 2018, and if you are confused by how this new law will impact you, you’re not […]
-
Place It In Service If You Want To Deduct It
Section 179 is a provision of tax law that allows owners of small businesses to expense rather than depreciate equipment purchases made during the year. It is also a popular tax-planning tool allowing business owners to reduce their income for the year by making last-minute year-end purchases. For 2017 up $510,000 ($255,000 for married taxpayers filing separate) of qualifying expenses can be written off. Qualifying property includes machinery, tools, computer equipment, certain leasehold improvements, etc.
-
Tax Reform Basics
Everyone has been on the edge of their seats since President Trump’s campaign promises about tax reform. Well folks, we are just about there. Congress has voted and the tax […]