It’s Tax Time Again!
Tax time is not just around the corner, it’s here! All of us at Tax & Accounting Plus hope that you had a rewarding and profitable year, and we look forward to seeing you in our office soon. Here...
View Article2015 Tax Tip: To itemize, or not to itemize?
Here’s a quick checklist that can help you decide if it is better to itemize, or take the standard deduction on Schedule A of your 2014 tax return: If these deductions total more than your standard...
View ArticleTax Tip: Documenting business use of your personal automobile 2015
If you use your personal vehicle for work, you may be able to write off the costs on your tax return. To qualify, you must use your car in your job for the convenience of your employer or in your own...
View ArticleTax Tip: We Work For You – Home Office Deductions 2015
OFFICE-IN-HOME EXPENSES Office in home expenses will be allowed for the place of business which is used by the taxpayer for the administration or management activities of the taxpayer’s business, if...
View ArticleTax Tip: Did You Know 2015
SUBSTANTIATING YOUR EXPENSES Business travel, meals and entertainment expenses are not deductible unless you properly substantiate your expenses and have an expectation of deriving some specific...
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It’s Tax Time Again 2016
Tax time is not just around the corner, it’s here! All of us at Tax & Accounting Plus hope that you had a rewarding and profitable year, and we look forward to seeing you in our office soon. Here...
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2016 Tax Tip: To itemize, or not to itemize?
Here’s a quick checklist that can help you decide if it is better to itemize, or take the standard deduction on Schedule A of your 2015 tax return: If these deductions total more than your standard...
View ArticleClik here to view.
Tax Tip: Documenting business use of your personal automobile 2016
If you use your personal vehicle for work, you may be able to write off the costs on your tax return. To qualify, you must use your car in your job for the convenience of your employer or in your own...
View ArticleClik here to view.
Tax Tip: We Work For You – Home Office Deductions 2016
OFFICE-IN-HOME EXPENSES Office in home expenses will be allowed for the place of business which is used by the taxpayer for the administration or management activities of the taxpayer’s business, if...
View ArticleClik here to view.
It’s Tax Time Again 2017
WOW! Our favorite time of the year is not just around the corner, it’s HERE! We hope that you had a rewarding and profitable year and we look forward to seeing you in our office very soon. Following...
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Tax Tip 2017: Itemizing vs. The Standard Deduction
Here’s a quick checklist that can help you decide if it is better to itemize, or take the standard deduction on Schedule A of your tax return: The following is a general list of items that can be...
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Tax Tip: 2016 Audit Protection Plan
With the Inspector General’s office indicating the federal government is losing billions of dollars due to fraud and improperly prepared tax returns, the IRS has been pushed by Congress to increase...
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Tax Tip: Documenting business use of your personal automobile 2017
If you use your personal vehicle for work you may be able to write off the costs on your tax return. To qualify you must use your car in your job for the convenience of your employer or in your own...
View ArticleClik here to view.
Tax Tip: We Work For You – Home Office Deductions 2017
Office in home expenses will be allowed for the place of business which is used by the taxpayer for the administration or management activities of the taxpayer’s business if there is no other fixed...
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Tax Tip: Earned Income Credit Eligibility 2017
You may be eligible for earned income credit this year if: 1. Your earned income is less than $39,296 ($44,846 if MFJ) and you have one qualifying child. You may be eligible to receive up to $3,373 of...
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Tax Tip: Substantiating Your Expenses 2017
Business travel, meal and entertainment expenses are not deductible unless you properly substantiate your expenses and have an expectation of deriving some specific benefit from the activity. In...
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Tax Tip: Child Care Credit 2017
A childcare credit of 20% to 35% of your childcare expenses is available for working parents who pay childcare for their children under the age of 13. The amount of eligible expenses is $3,000 for one...
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McLean County to correct tax bill snafu
(WJBC file photo) By Howard Packowitz BLOOMINGTON – McLean County government is asking some land owners to look carefully at their property tax bills which were mailed out last Friday. A statement...
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It’s Tax Time Again 2018!
WOW! Our favorite time of the year is not just around the corner, it’s HERE! We hope that you had a rewarding and profitable year and we look forward to seeing you in our office very soon....
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Hot Tips For The New Tax Year Part 1
Tax Cuts and Jobs Act (TCJA). There are many changes for 2018 due to the TCJA bill that was passed in December of 2017. Some are good and some are bad. To help you get organized and not miss any new...
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