CPA News
Hire your child to save taxes Is your child looking for a summer job? – look no further than your own company. A business owner can shift income from business earnings to their child’s wages tax free while at the same time, saving them thousands of tax dollars....
CPA News
Choosing the Right Business Structure You have an idea and you are ready to make your move. You have a cool name for your business and you are ready to go make it work. At this point, don’t get in a hurry – we suggest you slow down and really consider how you want...
CPA News
This is highly debated and often one person’s theory differs from another. Do you give an allowance? If you do give an allowance, why do you do it and what are the benefits? If not, what tools do you use to teach them financial responsibility? We have all been at...
CPA News
Rightfully so, many have expressed concern that their contributions from donors may go down under the rules passed with the new tax law. After all, deducting your donations just got harder. With a new standard deduction that is practically double what is has been...
CPA News
If You Are Audited – Who will Represent You? Any tax professional with an IRS Preparer Tax Identification Number (PTIN) is authorized to prepare federal tax returns. However, tax professionals have differing levels of skills, education and expertise. An important...
CPA News
MILITARY PENSION Military Pensions are no longer subject to WV state income tax effective January 1, 2018. Those who have served in the Armed forces, reserves and National Guard members who retire in West Virginia will no longer have to pay state income tax on...
CPA News
Military Pensions are no longer subject to WV state income tax effective January 1, 2018. Those who have served in the Armed forces, reserves and National Guard members who retire in West Virginia will no longer have to pay state income tax on their military...
CPA News
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...
CPA News
Join us for our first Community Conversation on February 27, 2018 at 6pm in our new office on 305 North Church Street Ripley, WV! If you can’t make it on the 27th, we are having our second Community Conversation on March 1, 2018. Eric Hersman, CPA will be...
CPA News
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...
Recent Comments