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AFSG 2019 New Location

By |2019-02-18T02:13:11-05:00February 1st, 2019|AFSG|

We moved our office (but not far) to the north side of East Hillsboro Blvd. Please call today to make your tax appointment with Lauryn! 461 E Hillsboro Blvd Suite 200 Deerfield Beach FL 33441  

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Section 199A Flowchart Example

By |2020-01-04T22:36:51-05:00January 4th, 2019|Individual Income Tax, Tax Cuts & Jobs Act|

Beginning 2018, eligible taxpayers may be entitled to up to a 20 percent deduction from Qualified Business Income, thus lowering their taxable income and federal tax due. This law was passed to help some small business entities receive a similar tax break as the “C” Corporations are receiving.  Below is [...]

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Summary of H.R.1 – Tax Cuts & Job Act

By |2019-12-11T11:24:15-05:00December 11th, 2018|Tax Cuts & Jobs Act|

Below is a brief list of changes to the tax law that may or may not impact you. This list is not complete. Some tax changes are permanent, some are not, and many have exceptions. Your specific situation must be reviewed. We recommend every taxpayer invest in our tax planning [...]

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Did you file an Extension?

By |2018-08-30T10:44:59-04:00August 30th, 2018|Individual Income Tax, Penalties and Interest, Tax Payments|

Source: IRS.govSix things for extension filers to remember Oct. 15 is almost here, and it’s the last day to file for most people who requested an automatic six-month extension for their 2017 tax returns. These taxpayers should remember that they can file any time before Oct. 15 if they have [...]

Recent changes to moving, mileage and travel expenses

By |2018-06-12T01:38:02-04:00June 12th, 2018|Individual Income Tax, News Articles, Tax Cuts & Jobs Act|

source: IRS.govThe Tax Cuts and Jobs Act includes changes to moving, mileage and travel expenses: Move-related vehicle expense The new law suspends the deduction for tax years beginning after Dec. 31, 2017, through Jan. 1, 2026. During the suspension, no deduction is allowed for use of an auto as part [...]

Tips for Taxpayers Who Have to Amend a Tax Return

By |2018-04-25T09:57:37-04:00April 25th, 2018|Individual Income Tax, Penalties and Interest, Tax Payments|

Source: IRS.govTaxpayers who discover they made mistakes or omissions on their tax return can correct them by filing an amended tax return. Those who need to amend should remember these tips: File using paper form. Use Form 1040X, Amended U.S. Individual Income Tax Return, to correct the tax return. Taxpayers [...]

40 million tax returns due today

By |2018-04-17T04:22:09-04:00April 17th, 2018|Individual Income Tax|

Source: IRS.govNearly 40 million to file by April 17 WASHINGTON – As the April 17 tax filing deadline approaches, the Internal Revenue Service is reminding the nearly 40 million taxpayers who have yet to file their tax returns that there are a variety of options to help them in the [...]

Are you withholding the correct amount on your W-2 for 2018?

By |2018-04-13T12:11:20-04:00April 13th, 2018|Employees, Employees & Independent Contractors, Employers, Individual Income Tax, Payroll, Tax Cuts & Jobs Act, Tax Payments|

source: IRS.govNewly-revised estimated tax form and publication can help people pay the right amount IR-2018-93, April 13, 2018 WASHINGTON – With tax reform bringing major changes for the year ahead, the Internal Revenue Service today reminded the many self-employed individuals, retirees, investors and others who need to pay their taxes [...]

Four Things to Know about Taxes and Starting a Business

By |2017-10-30T10:33:13-04:00October 30th, 2017|AFSG|

Source: https://go.usa.gov/xn4Cj New business owners have tax-related things to do before launching their companies. IRS.gov has resources to help. Here are some items to consider before scheduling a ribbon-cutting event. Choose a business structure When starting a business, an owner must decide what type of entity it will be. This type [...]