Yes, you read that right. The new tax bill, named the Tax Cuts and Jobs Act, will have sweeping tax effects for everyone. Withholding rates were changed to reflect the new tax law, but many people have not reviewed their withholding to make sure it is correct. The IRS...
The IRS calls it economy sharing. As a layman, I had never heard the term so it really caught my attention. Economy sharing is an economic system in which goods and services are shared between individuals for free or for a fee. It is likely we are all participants in...
Summertime is a time to enjoy the beautiful outdoors whether soaking up some sun, working in the yard, enjoying a leisurely walk or a demanding mountain hike, or recharging one’s batteries with a refreshing dip in the pool. No one wants to be stuck in an office for...
As the FIFA world championship is coming to an end, we have seen some very good teams perform. Our daughter and her husband lived in France and Belgium for a time. One chose to cheer for France and the other Belgium. Fortunately, they are happy that both teams have...
We just celebrated our country’s 242nd Independence Day with fireworks, parades, barbecues, picnics, carnivals, baseball games, and special ceremonies. We are celebrating the 5th year of business for Stapley Accounting; not with all the fanfare and color of July 4th,...
I’ve read that ‘the most important techniques a high school quarterback needs to master can be practiced during the off-season. Repetition is the key to becoming a good quarterback. Throwing the football five hundred times a day will certainly enable a youngster to...
Happy Father’s Day! With Father’s Day this Sunday, we are thinking of fathers and celebrate that they are in our lives. We celebrate the thought and care the fathers have for their families. There is good news for fathers and families in the Tax Cuts and Jobs Act...
Remember when you got your first job? Getting that first paycheck was AWESOME. It may have been 50 years ago; it may have been only yesterday, but, associated with it was that pesky task of filling out a W-4. As a beginner (first pay check experience) many first-time...
If the average small business owner looked at a copy of a balance sheet or an income statement for their business, they would probably be very confused about the ‘numbers on the page’. Unfortunately, many small business owners starting a business have a passion for...
If you have found yourself in the situation that you owe money to the IRS for taxes, you do have some options to get it paid. You can pay by sending a check, but you can also pay with IRS Direct Pay, or by debit or credit card. If none of these options work for you,...
