Special Rules for Reporting S Corporation Shareholder Health Insurance Premiums

The IRS released special rules regarding the deduction by more than two-percent shareholder-employees of S corporations for health insurance premiums paid by or reimbursed by the S corporations and included…

Here are the most popular apps on the most popular accounting software app marketplaces: Intuit’s QuickBooks App Store, Xero’s App Marketplace, and the Sage Intacct Marketplace. From Intuit’s QuickBooks…

The optional standard mileage rates for business use of a vehicle will increase significantly in 2019, after increasing slightly last year. Beginning on Jan. 1, 2019, the standard mileage rates for the…

Is your company prepared to implement the upcoming Revenue Recognition changes or the new Lease Accounting Standards? We have prepared a memo to familiarize you with the guidance from the Financial Accounting…

The NJ Tax Amnesty program applies to outstanding tax filings or payments that are due on or after February 1, 2009, and prior to September 1, 2017. The NJ Division of Taxation recently mailed a letter…

The Social Security Administration (SSA) announced that the maximum amount of wages subject to the old age, survivors, and disability insurance (OASDI) tax will increase to $132,900 for 2019. The OASDI…

The IRS issued the 2019 annual inflation adjustments for many tax provisions as well as the 2019 tax rate tables for individuals and estates and trusts (Rev. Proc. 2018-57). These adjusted amounts will…