by Richland Group | Jan 14, 2019 | Razorback News, Tax Information
No more brackets. Need help? Call or Contact Us!
by Richland Group | Jan 14, 2019 | Razorback News, Tax Information
This automatic change of accounting method for professionals that have been required to pay tax yearly on their current Accounts Receivable is huge. It will save you $$$$KKK In 2018. Contact us ASAP for help with this amazing change, thanks to the new tax cut bill. We...
by Lynda Startzman | Jul 17, 2018 | Razorback News, Tax Information, Uncategorized
Corporations with a net income lower than $50,000 will see an increase of 6% in their taxes. The new corporate tax rate is 21% across the board, no more brackets. Previously small corporations under $50,000 only paid 15%. If your corporation falls into this...
by Lynda Startzman | Jul 17, 2018 | Razorback News, Tax Information, Uncategorized
The new tax law has done away with the “Unreimbursed Employee Expenses” deduction. In the past these have been deducted on a taxpayer’s itemized deduction, Schedule A, Form 2106 (subject to 2% of AGI). If you are a mechanic, nurse, truck driver,...
by Lynda Startzman | Jul 17, 2018 | Razorback News, Tax Information, Uncategorized
The Social Security Administration is issuing NEW medicare cards. They are changing everyone’s id number from their social security number. Be sure to open any and all mail you receive from SSA or medicare. Your new id number is different and you will need to...
by Lynda Startzman | Mar 3, 2018 | Razorback News, Tax Information, Uncategorized
You may be able to deduct long-term-care premiums you paid last year. People age 71 or older can write off as much as $5,110 per person for 2017. Filers age 61 to 70 can take $4,090. If you are between 51 and 60, you can deduct up to $1,350, 41 to 50 – $770,...