Consider the Tax Advantages of Qualified Small Business Stock
While the Tax Cuts and Jobs Act (TCJA) reduced most ordinary-income tax rates for individuals, it didn’t change long-term capital gains rates. They remain at 0%, 15% and 20%. The capital gains rates now have their own statutory bracket amounts, but the 0% rate...
IRS Continues Campaign to Encourage Taxpayers to do a Paycheck Checkup
The Internal Revenue Service just launched a special week-long campaign encouraging taxpayers to do a Paycheck Checkup now to make sure they are having the right amount of tax taken out of their paychecks for 2019. The Tax Cuts and Jobs Act (TCJA), enacted in December...
Correcting Missed Employee Deferrals
It’s the end of the plan year and you just discovered some errors were made with respect to employee deferrals — now what? Some people may think the amounts are immaterial and the participant never caught it, so why, as the employer, should you have to correct it?...
What Data Does or Does Not Convert from QuickBooks Desktop to QuickBooks Online?
QuickBooks Desktop will always be my favorite software product I suggest to my clients to use for their daily bookkeeping and payroll services, but sometimes clients want the ability to use and see their accounts no matter where they are. QuickBooks Online gives you...