Every day, individuals transition from working for an employer to being self-employed.
How Does Self-employment Tax Work
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Business
2018 Health Savings Account Contribution Limit Change
In October 2017, the Internal Revenue Service (IRS) released the 2018 contribution and benefit limits for retirement and other benefit plans types. The IRS recently announced revisions to the Health Savings Account (HSA) contribution limit for...
Vehicle Expense Deductions – Follow Detailed Recordkeeping Rules
Many business owners fail to follow the strict tax rules for substantiating vehicle expenses.
Businesses Will Celebrate Tax Cuts in the New Tax Year
Most businesses will receive a big tax cut starting with their 2018 tax years, thanks to the new law enacted on December 22, 2017.
5 Important Tax Items Before Year-End Presentation
Smith Schafer Senior Tax Manager, Dianna Streed, presented at Red Wing Area Chamber of Commerce’s Lunch & Learn Seminar on December 20, 2017.
Year-End Strategies & Tax Bill Highlights
Major tax changes are on the way for both individual and business taxpayers.