Planning ahead, filing your business taxes on time and claiming the right deductions can make a world of difference for your company. But most small to medium business owners get overwhelmed by all the tax rules and ever-changing details from year to year. And it’s understandable, considering the U.S. Tax Code is 70,000 pages long.
The April 15th deadline for filing your taxes is right around the corner. Millions of Americans have already gone through the process, some with the assistance of professional accountants and others choosing to do it themselves. In fact, the IRS just published some of its 2019 tax filing season statistics on their website.
MOA Accounting on government shutdown, tax returns & tax refunds. How will the government shutdown affect tax returns & tax refunds in 2019. About 800,000 federal government workers have been furloughed, meaning they don’t report to work and don’t earn wages. Some are even actually forced to work without pay.
2018 Tax Highlights - The Tax Cuts and Jobs Act was signed back in December 2017, creating small reductions to income tax rates for most individual tax brackets, not to mention corporations. This new tax bill was known as one of the most exhaustive tax legislation since the Tax Reform Act back in the late