Year-end business tax planning

From Melinda May, CPA | Featherstone Under the TCJA, equipment expensing permitted by Section 179 of the tax code was expanded. In 2018, your business can take a first-year deduction of up to $1 million worth of equipment purchases. You might buy, say, $400,000 worth...

Year-end planning under the new tax law

From Melinda May, CPA | Featherstone The Tax Cuts and Jobs Act of 2017 (TCJA), passed at the end of last year, generally took effect in 2018. Therefore, the fourth quarter of this year provides the first real opportunity for year-end planning under what has been...

November Tax Calendar from Featherstone

From Melinda May, CPA | Featherstone Employers. Ask employees whose withholding allowances will be different in 2019 to fill out a new Form W-4 or Form W-4(SP). The 2019 revision of Form W-4 will be available by mid-December at www.IRS.gov/FormW4. November 13...