 | Seacoast Accountability, LLC Provides Accounting, Bookkeeping, and Payroll, Dover, Rochester & Seacoast, NH"We Make Bookkeeping Less Taxing" | |
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In an effort to protect both the public and our staff during the current COVID-19 pandemic, we have decided to close our offices to the general public until further notice, effective 3/20/20. We will still be performing your bookkeeping, payroll, and tax preparation services while our offices are closed. Voice mails and emails will […] Tax Cuts and Job Act (TCJA) Impacts on 2018 Tax Returns-Part I
Highlights: 1. Virtually all taxpayers are impacted by the changes 2. Changes take effect on January 1, 2018 and run through 2025. In 2026, unless extended, these provisions will revert to the rules in effect for tax year 2017. […] For most taxpayers, Dec. 31 is the last day to take actions that will impact their 2017 tax returns. Charitable contributions are deductible in the year made, as long as they are mailed by the last day of the year. Age 70 ½ are generally required to receive minimum distributions from their retirement plans by the end of 2017, though a special rule allows those […] Year end is right around the corner. Need help getting those pesky 1099 forms out to your vendors on time?
You are required to file a 1099-MISC for anyone that you paid by check or cash and who provided you with services that total $600, or more, during the calendar year. This includes, but is […] The details for deducting business vehicle expenses can be found in IRS Publication 463. Using most popular tax software programs, a worksheet is used to feed the deductible cost into the Schedule C vehicle expense line. This discussion is a general overview, focused on self-employed individuals that own or have financing on a car […]
Complete information for taking the Home Office Deduction can be found in IRS Publication 587. The deduction is calculated on Form 8829, which transfers to Schedule C. It should be noted that employees who receive a W-2 may also be eligible to claim a home office as an itemized deduction, however this information […] |
 
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