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Turning employee ideas into profitable results

  Many businesses train employees how to do their jobs and only their jobs. But amazing things can happen when…
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Administration’s 2019 Budget proposal includes ACA repeal & IRS reforms

President Trump's FY 2019 Budget Proposal.   On February 12, the White House released its federal budget proposals for the…
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ACA still in effect for 2018- What Employers Need to Know

Understanding 'Pay or Play' Compliance In general, under the employer shared responsibility provisions of the Affordable Care Act (ACA), applicable…
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State and local sales tax deduction remains, but subject to a new limit

If you itemize, you can deduct either state and local income taxes or state and local sales taxes. Deducting sales…
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2 tax credits just for small businesses may reduce your 2017 and 2018 tax bills

Tax credits reduce tax liability dollar-for-dollar, potentially making them more valuable than deductions, which reduce only the amount of income…
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Don’t be a victim of tax identity theft: File your 2017 return early

The IRS has just announced that it will begin accepting 2017 income tax returns on January 29. You may be…
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Personal exemptions and standard deductions and tax credits, oh my!

The Tax Cuts and Jobs Act, in addition to generally reducing individual tax rates, eliminates personal exemptions, increases the standard…
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Your 2017 tax return may be your last chance to take the “manufacturers’ deduction”

While many provisions of the Tax Cuts and Jobs Act (TCJA) will save businesses tax, the new law also reduces…
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New Tax Withholding Rates for 2018

Employers should update their employees withholding as soon as possible but no later than February 15, 2018 according to the…
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The TCJA temporarily expands bonus depreciation

The Tax Cuts and Jobs Act (TCJA) enhances some tax breaks for businesses while reducing or eliminating others. One break…
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