The construction industry is expected to grow at an annual rate of 6% between 2017 and 2021. For those that worked in the industry through the recession, the anticipated increase is music to their ears. The upturn, however, is not without issues. Many operations now face the fact that 2.3 million construction jobs were lost […]
We know identity theft is a frustrating process for victims. The IRS is taking this issue very seriously and continues to expand on their robust screening process to stop fraudulent returns. What is identity theft? Identity theft occurs when someone uses personal information such as your name, Social Security number (SSN) or other identifying information […]
The Internal Revenue Service recently issued the 2018 optional standard mileage rates to be used to calculate the deductible costs of operating an automobile for business, charitable, medical or moving purposes. As of January 1, 2018, the standard mileage rates for the use of a car (also vans, pickups or panel trucks) are: 54.5 cents […]
The tax reform legislation that Congress approved earlier this week was the largest change to the tax system in over 3 decades. The last time the U.S. tax code saw such a significant reform was under President Reagan in 1986. Those reforms sought to simplify income tax, broaden the tax base and eliminate many tax […]
Although you can’t avoid taxes, you can take steps to minimize them. This requires proactive tax planning—estimating your tax liability, looking for ways to reduce it and taking timely action. To help you identify strategies that might work for you, we’re pleased to present this tax planning guide. It points out some possible tax law changes […]