Tag: accounting wilson nc

THE INCREDIBLE SHRINKING TAX REFUND

  Many are waking up to a new reality: The shrinking tax refund. News reports, articles and internet postings are bemoaning lower refunds after filing taxes this year. As you may know this is the result of a number of factors with the new tax laws. Although the standard deduction is higher for singles and […]

STANDARD OR ITEMIZED DEDUCTIONS?

Will you take standard or itemized deductions for the 2018 tax year? You can also deduct the interest you pay on mortgage loan from your taxes but the limits have changed. For couples filing jointly you can deduct interest up to $750,000 instead of the allowable $1 million in 2017. If you are married taxpayers […]

WINTER REVIEW

It’s that time of the year again, time for your winter review. As we feel the cold bite in the morning air, we are reminded that winter is not far off. Although the official first day is not until December 21, we can feel it now. As you cozy up to the fire and sip […]

THE TAX MAZE: MEALS AND ENTERTAINMENT DEDUCTIONS

The tax changes for 2018 impact meals and entertainment. You may want to get help to steer through the tax maze. Although some details are still unclear, many are well-defined. You will want to check with a professional to be sure. You might want to review a few of the guidelines for the new laws: […]

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