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Standard Deductions & Tax Rates for 2020

When You Need Your Books Current Posted on June 11, 2020 by adminAugust 10, 2020

These are the new numbers for 2020.  The following charts are not the numbers and tables that you will use to prepare your 2019 tax returns in 2020. These are the numbers you will use to prepare your 2020 tax … Continue reading →

Posted in 2019-2020 Tax Planning

Car Mileage Deductions for 2020

When You Need Your Books Current Posted on March 10, 2020 by adminMarch 10, 2020

Beginning January 1, 2020, the standard mileage rates for the use of a car (also vans, pickups or panel trucks) will be: 57.5 cents per mile driven for business use, down one half of a cent from the rate for … Continue reading →

Posted in 2019-2020 Tax Planning

Other Tax Questions? Mortgage, Child, State Taxes, Donations, IRAs

When You Need Your Books Current Posted on February 4, 2019 by adminMarch 11, 2020

Child tax credit – Good News! The child tax credit has been Raised to $2,000 per qualifying child, those who are under 17, up from $1,000. A $500 credit is available for dependents who do not get the $2,000 credit. … Continue reading →

Posted in 2019-2020 Tax Planning

Standard Deduction Doubled – Tax Brackets Lower

When You Need Your Books Current Posted on January 17, 2019 by adminFebruary 4, 2019

2018 standard deduction The new tax law, Tax Cuts and Jobs Act (TCJA), nearly Doubles the Standard Deduction amount. Single taxpayers –  jumped from $6,350 for 2017 taxes to $12,000 for 2018 taxes.. Married couples filing jointly  – an increase … Continue reading →

Posted in 2019-2020 Tax Planning

Good News for the 2019 and 2020 Mileage Deductions

When You Need Your Books Current Posted on January 17, 2019 by adminMarch 11, 2020

Beginning on Jan. 1, 2019, the standard mileage rates for the use of a car (also vans, pickups or panel trucks) will be: 58 cents per mile driven for business use, up 3.5 cents from the rate for 2018, 20 … Continue reading →

Posted in 2019-2020 Tax Planning

Meals & Entertainment in 2019 & 2020

When You Need Your Books Current Posted on January 17, 2019 by adminMarch 12, 2020

So what about Business Meals & Entertainment Deductions? Always remember:  Keeping your receipts can Save you $1,000s every year! With the holiday season over, and 2020 already here, many business owners have questions regarding meal and entertainment expenses. What can … Continue reading →

Posted in 2019-2020 Tax Planning

Making 2020 a Great Year!

When You Need Your Books Current Posted on January 9, 2019 by adminMarch 12, 2020

Keeping the Money in Your Pocket When it comes to Income, what you make is one thing, what you keep is another. We make sure you never pay more in taxes than you have to with comprehensive tax planning and … Continue reading →

Posted in 2019-2020 Tax Planning

Recent Posts

  • Standard Deductions & Tax Rates for 2020
  • Car Mileage Deductions for 2020
  • Other Tax Questions? Mortgage, Child, State Taxes, Donations, IRAs
  • Standard Deduction Doubled – Tax Brackets Lower
  • Good News for the 2019 and 2020 Mileage Deductions
  • Meals & Entertainment in 2019 & 2020
  • Making 2020 a Great Year!
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