by O'Connor & Drew, P.C. | Sep 25, 2019 | Tax
TAX Uncle Sam May Provide Relief From College Costs On Your Tax Return 25 September 2019 We all know the cost of college is expensive. The latest figures from the College Board show that the average annual cost of tuition and fees was $10,230 for in-state students at...
by Ryan J. McDonell | Jul 1, 2019 | Tax
TAX Reminder: Sales Tax Landscape Continues to Change 28 June 2019 Ryan J. McDonell, CPA What Has Changed? Sales tax nexus is the minimum amount of interaction with a state requiring a business to collect and remit sales tax. Put more simply, if a business...
by Christopher P. Stenmon | Jun 17, 2019 | Tax
TAX ABLE Accounts Tax Advantages And You May Not Even Know You Are Eligible Christopher P. Stenmon Principal, CPA, MST 17 June 2019 History The Stephen Beck, Jr. Achieving a Better Life Experience (ABLE) Act was signed into law by President Obama in December...
by O'Connor & Drew, P.C. | Mar 4, 2019 | Tax
TAX Some of Your Deductions May Be Smaller (or Nonexistent) When You File Your 2018 Tax Return 4 March 2019 While the Tax Cuts and Jobs Act (TCJA) reduces most income tax rates and expands some tax breaks, it limits or eliminates several itemized deductions that have...
by O'Connor & Drew, P.C. | Feb 26, 2019 | Tax
TAX 2017 Tax Filing Deadline for Pass-Through Entities is March 15 26 February 2019 Shakespeare’s words don’t apply just to Julius Caesar; they also apply to calendar-year partnerships, S corporations and limited liability companies (LLCs) treated as partnerships or S...
by O'Connor & Drew, P.C. | Feb 12, 2019 | Tax
TAX Fundamental Tax Truths for C Corporations 12 February 2019 The flat 21% federal income tax rate for C corporations under the Tax Cuts and Jobs Act (TCJA) has been great news for these entities and their owners. But some fundamental tax truths for C corporations...
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