As a rule, it’s a good idea to avoid causing your landlord any potential tax problems. If you decided to prepay your business’ rent for 2019 to get a tax deduction for 2018, it’s important to report that correctly on your IRS Form 1099-MISC so that you don’t inadvertently cause a headache for your landlord….
Welcome Riana Linsky to the Royce CPA Firm!
Building a strong team is an essential aspect of providing reliable accounting services to our clients. That is why we are so happy to welcome our newest team member: Riana Linsky! Riana earned a Bachelor of Arts in Accounting from the University of Oregon. During her time in Oregon, Riana was a past treasurer of…
IRS Announces It Will Waive Tax Penalties for People Who Under-Withheld for 2018
When the Tax Cuts and Jobs Act of 2017 passed, it made a number of changes to the current tax laws. As many taxpayers discovered, this included changes to the current withholding tables for federal income tax, As a result, many people found that they had under-withheld for their taxes this past year. If you…
What You Need to Know about Section 199A
One of the most notable tax deductions introduced by the Tax Cuts and Jobs Act of 2017 is the 20 percent deduction included in Section 199A. Although the IRS has already released its official regulations, the complexity of the tax deduction means that many people are still confused about what it means. Here are the…