Blog

  1. What Do I Need to Have My Taxes Prepared?

    It is hard to believe but tax season is back! Football is over and now is the time for everyone to go through boxes, junk piles and paper stacks to find the information needed to prepare your 2017 tax return.  …

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  2. To Prepare or Not Prepare

    By now you should have received most of your tax statements and you should be thinking about getting your taxes prepared. Should you head out to purchase the newest version of Turbo Tax and give it a go yourself, or …

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  3. SBS CPA Group Tax Season Hours

    It is almost beginning of February and that means that the business hours at SBS CPA Group will be changing.  Tax season is upon us and we are ready to prepare both your business and personal tax returns. Beginning on …

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  4. Qualified Charitable Distributions (QCD’s): A Little-Known Tax Strategy

    Taxpayers are required to take a minimum distribution (RMD) from your IRA each year beginning in the year you turn 70 ½ (this rule doesn’t apply to a Roth IRA). Normally, the custodian of your IRA will send you a …

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  5. 2018 Mileage Rates

    The IRS has issued the new mileage rates for 2018 and it is good news for many people as the rates have risen. The new rates as of January 1, 2018 are: Business reimbursement rate – 54.5 cents per mile …

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  6. SBS CPA Group Busy Season

    2018 has arrived and along with it has come tax season. We have spent the month of January working on W2’s and 1099’s since they are due by January 31st. We have not had many clients drop off tax return …

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  7. New Year’s Holiday

      SBS would like to wish everyone a Happy New Year! It is hard to believe that 2018 is right around the corner.  We have been working on the tax planner and it will be mailed out this week.  Can …

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  8. Tax Reform, how will it affect my paychecks in 2018?

    The recently passed tax reform package (The tax cut and Jobs act) will lower Federal Income taxes for almost all Indiana taxpayers in 2018.  That being said, this is not a broad based tax reduction; some people will see no …

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  9. New rules for 529 Plans

    The rules for tax advantaged 529 plans have changed due to the recent tax reform package. Under current Indiana Law, Indiana grants taxpayers a credit of up twenty percent of the contributions made to an INDIANA college choice 529 plan.  …

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  10. Tax Reform is here

    Congress has passed a 1009 page tax bill.  This bill will be in force from 1/1/2018 on.  This new tax reform package will cover taxes filed in early 2019 for 2018.  The tax reform bill will NOT effect your 2017 …

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