Bookkeeping, Controller and CFO Services | The Quantify Group
This week we are going to dive even deeper into the new Section 199A deduction. If you missed last week’s article on who qualifies for the deduction, I would recommend reading it before you begin this one. This article will cover the complicated mechanics of calculating the Section 199A deduction that begins with the 2018 […]
One of the most complicated sections of the new tax legislation (The Tax Cuts and Jobs Act) is the new Section 199A deduction. I must admit that when I first read the proposed laws for this section, my mind was spinning. After reading through it multiple times I now have my head wrapped around the […]
It’s the beginning of the new year and it’s about that time to start thinking about your taxes again. Of course, completing your 2017 taxes by April are most likely the #1 thing on your mind. #1a should be figuring out how to take advantage of the new tax reform. There are many key changes […]
With December rapidly coming to a close, 2018 is right around the corner. At the end of every year, every business who hires outside services such as contractors, has a potential Form 1099-MISC filing requirement in early 2018. The 1099-MISC seems to cause a great deal of confusion each year for which payments require filing, […]
The 2017 tax year is rapidly coming to a close and we have now seen the Senate and House pass different versions of tax reform bills. While the two bills have some key differences that need to be ironed out, we do know that major changes are forthcoming. So how do you go about planning […]
This past week I was asked by one of our long-time clients to look into potentially claiming the Research & Development (R&D) tax credit under Internal Revenue Code Section 41. I must say, the criteria for being able to claim this credit is quite complex. For those innovative companies who are unsure if they qualify, […]
It’s almost Halloween and that means 4th quarter estimates, year-end payroll tax returns and forms, and income tax return due deadlines are all right around the corner for small business owners. Getting ready now for these important deadlines is extremely important. Not only will it save you headaches, but you may also find some additional […]
I have to say it’s an exciting time to be a Philly sports fan. The Eagles are mowing down their opponents and are off to a 4-1 start, with their only loss being to the undefeated Chiefs. As of today, the Eagles are perched atop the NFC East standings and are in prime position to […]
It’s been quite some time since I have been able to write another blog and much has happened with the Eagles. Through the first three weeks the Eagles have beaten two division rivals, the Redskins and Giants, while losing to the Chiefs in Kansas City. While the team isn’t perfect, I have to say I […]
After a few weeks of minimal sports news, a big NBA trade occurred last week between the Cavaliers and Celtics. After informing the Cavs that he wanted to be traded earlier this Summer, Kyrie Irving’s wish was granted. He was shipped to the Celtics for Isaiah Thomas, Jae Crowder, Ante Zizic, and a 2018 first […]
