Blog
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Charitable giving under the new tax law
The 2018 Tax Cuts and Jobs Act changed the tax world dramatically. It gave us the Qualified Business Income deduction, increased the child tax credit, lowered the corporate tax rate that C Corporations pay, and far too many changes to …
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Are you having enough taxes withheld from your paychecks?
When 2018 tax returns were filed in April of 2019, many Americans were surprised to see that they would be writing a check to government instead of receiving one. This marked the first time in their life many had owed …
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New Fort Wayne fire protection rules start on January 2nd 2020
I am not an expert regarding fire protection rules; however, a couple of my clients are. The City of Fort Wayne passed some ordinances that will change how fire code is enforced within the city limits of Fort Wayne and …
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2020 Tax Inflation Adjustments
Earlier this month, the IRS announced the annual inflation adjustments for more than 60 tax provisions for the 2020 tax year. These adjustments affect tax year 2020 which is filed by April 15, 2021. The standard deduction jumped up $400 …
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Tax Projection Season
Are you one to procrastinate when it comes to taxes? It is so easy for us to kick the proverbial can down the road when it comes to tax planning. However, there are deadlines for credits, deductions, etc to consider. …
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Thanksgiving Holiday
In observance of Thanksgiving, our office will be closed on Thursday, November 28th and Friday, November 29th. We will return to our normal business hours on Monday. We wish everyone a Happy Thanksgiving!
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Don’t Be Surprised by a W-2 G from Your Sports Betting App
On September 1st 2019 our great state of Indiana legalized sports betting. Many Hoosiers have taken advantage of this new law. In fact, data shows that Indiana sportsbooks accepted $35.2 Million in bets during the first month of legal sports …
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The Importance of Bank Reconciliations
When I was young lad, I remember watching my mother go through her check register and mark off which checks cleared the bank each month. She would go over the bank statement and check all the deposits to make sure they …
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Preparing for Your 2019 Tax Return
2019 is coming to a close, and now is a good time to do a check on your tax situation for April 2020 while there is time to make adjustments. Let’s discuss some of these options; however, before you do …
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What to Do If You Have Not Filed Your Income Taxes
Individual income tax returns are due on April 15th. If you need additional time to complete your tax return, you can file for a 6-month extension. This puts the final due date for your individual income tax on October 15th. …
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