Attention All Business Owners and Self Employed Individuals

2019-01-27T20:55:24+00:00October 25th, 2018|

Washington — October 16, 2018, The Internal Revenue Service reminded business owners that tax reform legislation passed last December affects nearly every business.
With just a few months left in the year, the IRS is highlighting important information for small businesses and self-employed individuals to help them understand and meet their tax obligations.

Qualified Business Income Deductions
Many […]

Deductions for Business Owners

2019-02-12T22:30:08+00:00October 10th, 2018|

WASHINGTON — The Internal Revenue Service issued proposed regulations on August 08, 2018 for a new provision allowing deductions for  many business owners of sole proprietorships, partnerships, trusts and S corporations to deduct 20 percent of their qualified business income.

The new deduction — referred to as the Section 199A deduction or the deduction for qualified […]

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