Tax Preparation, Insurance, Payroll, Medicare and Business Advisement in Jamestown NY
Accountable plans can benefit employees The recently passed Tax Cuts and Jobs Act eliminated many deductions for employees. If your employees have been incurring out-of-pocket expenses for such things as uniforms, tools and equipment or … [Read more...] about Employee Business Expenses
Either choice brings large deductions Eventually all business owners will need to purchase or replace assets. When this happens, they need to determine how the cost of those assets will be recovered. Typically, the cost of business assets is … [Read more...] about Section 179 vs. Bonus Depreciation
Determining how much to withhold from your paycheck can be tricky. Due to the Tax Cuts and Jobs Act, payroll withholding got even more difficult last year when the IRS changed the withholding tables. Because some individual taxpayers may not have … [Read more...] about Payroll Withholding
Qualified Tuition Plans Provide Options Many of you are already aware that contributing to a qualified tuition plan, commonly referred to as a 529 plan, can be a tax-free way to save for your child’s college education. But did you know that the … [Read more...] about Saving for College
