Blog
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Tax Extension Season is Winding Down
Time is almost up. The 2017 extension due date for most business tax returns is September 17th (the 15th is on a weekend). After that, the due date for personal tax returns is then October 15th. If you are going …
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Check your 2018 Federal Income Tax Withholding Before it’s Too Late
Tax reform happened in America during early 2018. The government changed the tax brackets, numerous credits and deductions have been tweaked and numerous other changes have occurred. Most people will see their overall tax liability go down and again most …
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Kids, College and Taxes
Summer is almost over and kids will soon be going back to school. Some of those will be starting a new adventure with college. Along with books, dorms and being away from home for the first time, college …
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4th of July Holiday
Get the grills and fireworks ready to go; July 4th is just around the corner! SBS CPA Group hopes everyone has a safe and enjoyable holiday. It feels a little strange since the 4th falls on Wednesday but that just …
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Roth IRA Conversions and the new tax law
The new tax law should be causing Financial Planners and Tax Advisers to have more of their clients undertake Roth IRA conversions due to the fact that many experts agree that Federal income tax rates must increase because the Federal …
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Tax Planning due to new tax law changes
I recently met with two different small business clients and we made some changes that will allow them to save several thousand dollars per year in Federal income taxes. This is possible for both of these Indiana businesses due to …
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Scams where people call and claim to be Internal Revenue Service Agents
Several of our clients have received phone calls from people claiming to be with the Internal Revenue Service in the last few weeks. These phone calls are scams and recently many of the people calling are even leaving messages with …
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Memorial Day Holiday
Spring flowers have bloomed and the trees have leaves so that must mean that summer is just around the corner! Next Monday is the unofficial beginning of the season and we hope you have something planned to enjoy the holiday. …
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No Passports for Delinquent Taxpayers!
Planning an international trip this summer? Make sure your taxes are paid up before applying for your passport! Thanks to the FAST Act that was signed into law in December 2015, starting January 2018 the State Department has the ability to deny …
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New Reasons to set up Donor Advised Fund
With the new standard deduction set at $12,000 for single filers or $24,000 for married filers, less people will be able to itemize their deductions. Bunching deductions into one year has always been a tax strategy so you itemize one …
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