Getting Ready for Tax Season

It’s that time of year again. Time to get our offices ready for tax season. Here is a list of suggested tasks that need to be performed before the release of the 2018 version of TaxSlayer Pro. Turn on all computers. In many offices these computers have been turned off since the end of tax season. Hopefully all will start. Then check for Windows updates. Almost certainly…

Tax Cuts and Jobs Act – New Depreciation and Expensing Rules and Limitations

The Tax Cuts and Jobs Act brings significant tax law changes for the 2018 tax year and beyond. One key area to focus your attention is the new rules and limitations for depreciation and expensing. Key changes include: An increase to the maximum section 179 property deduction A temporary increase to the bonus depreciation deduction Changes to depreciation limitations…

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