2017 Tax Extenders (Passed Feb 9, 2018) 

2017 Tax Extenders (Passed Feb 9, 2018)                    exclusion from gross income of discharge of qualified principal residence indebtedness; mortgage insurance premiums treated as qualified residence interest; above the line deduction for qualified tuition and...

NEW TAX LAW AND WITHHOLDINGS January 26, 2018

Your paycheck is about to get bigger.  The Treasury Department announced revisions to the 2018 withholding tables to reflect the massive tax changes Congress enacted late last year. These and other changes allow employers to use your W-4 form already on file to adjust...

NEW WV TAX CREDIT

CONCEALED CARRY GUN PERMIT TAX CREDIT ENTITLED TO PERSON WHO PAYS FEES FOR TRAINING OR THE INITIAL APPLICATION, DON’T FORGET TO CLAIM YOUR $50 TAX CREDIT PLEASE...

KNOW THE MATH

KNOW THE MATH Every successful business owner understands their numbers – they know the math.  It’s basically money in and money out.  It’s not rocket science.  Collect whats owed, pay your bills, and hopefully you have some money leftover, right?...

Adoption Credit

Adopting a child is rewarding and can be costly – offset that cost by claiming the Adoption Credit on your tax return.  Expenses incurred in the legal adoption of a child under age 18 or special needs child regardless of age may qualify you for the adoption...

Manage Processes – Not People

MANAGE PROCESSES – NOT PEOPLE If you did a good job hiring – you have good people and naturally people WANT to do good! When something goes wrong, investigate the process.  Ninety-nine percent of the time you will find the problem and then be able to fix...

YEAR-END TAX SAVINGS

Taxes can be minimized and the amount you pay is not fixed.  Minimizing your taxes requires using to your best advantage the laws, regulations, court decisions and rulings that are issued for your guidance.  All are accepted and even recommended ways to help you pay...

Autism & WV Taxes

West Virginia currently allows for a deduction for any qualifying contribution to a qualified trust maintained for the benefit of a child with autism.  The Tax Department may request documentation that supports this...

WV TAXES

If a payment due date falls on a Saturday, Sunday or bank holiday, payment by EFT must be made the preceding business day to receive credit for a timely payment.  If mailing estimated tax payments, follow the same rule in regards to postmark date.  Failure to pay...

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