Year-end Tax Planning in Light of the Tax Cuts and Jobs Act

As you may be aware, tax reform legislation has passed in Congress and was signed into law last week. The new changes are widespread and result in lower tax rates both for corporations and individuals beginning in 2018. Deferring income and accelerating deductions are...

New Tax Deadline for Employer W-2/1099-MISC for 2016 Tax Year

A provision in the Consolidated Appropriations Act passed by Congress has changed the filing deadlines for Employer copies of Forms W-2/1099-MISC. Starting with tax year 2016, the deadline for filing Forms W-2 to the Social Security Administration and 1099-MISC to the...