Monthly Archives: February 2019


Filing a 1099-MISC May Now Apply to Landlords. Are You Collecting the Needed W-9s?

Article Highlights: $600 ThresholdExceptionsForm W-9Impact of Tax Reform1099-MISC Filing If you use independent contractors to perform services for your business or your rental that is a trade or business, for each individual whom you pay $600 or more for the year, you are required to issue the service provider and the IRS a Form 1099-MISC [...]

By |2019-02-14T16:56:37+00:00February 14th, 2019|Categories: Uncategorized|0 Comments

Unforced Errors – The 8 Most Common IRS Tax Penalties and How to Avoid Them in 2019

You know the old line about the inevitability of death and taxes? It’s still true. What isn’t inevitable, however, is the need to pay penalties to the IRS. It happens, but it doesn’t have to, and the main reason that it does is because taxpayers don’t educate themselves about the rules. When you get hit [...]

By |2019-02-01T06:38:55+00:00February 8th, 2019|Categories: Uncategorized|0 Comments

How Does QuickBooks Online Handle Mobile Expenses?

If you purchase several items and services away from the office, QuickBooks Online can help you record them while you’re out and about. QuickBooks Online’s mobile app, available at the Apple App Store and Google Play, can do many of the same tasks that it performs on your office desktop. You can, for example: Check [...]

By |2019-02-01T06:23:55+00:00February 5th, 2019|Categories: Uncategorized|0 Comments

Increased Business-Vehicle Deductions Due to Tax Reform

Article Highlights: Annual MileageOptional (Standard) Mileage Method Actual-Expense MethodVehicle DepreciationLuxury-Vehicle LimitsSUVsInterest ExpensesBusiness-Vehicle Sales or Trade-insEmployeesPlug-in Electric Vehicle Credits TheTax Cuts and Jobs Act of 2018 and other tax reforms have brought about significant changes in the way that vehicle use is deducted for business purposes. Before getting into these changes, it is appropriate to first [...]

By |2019-02-01T06:15:05+00:00February 1st, 2019|Categories: Uncategorized|0 Comments