LSWG FYI

Your 2017 tax return may be your last chance to take the “manufacturers’ deduction”

Your 2017 tax return may be your last chance to take the “manufacturers’ deduction”

  While many provisions of the Tax Cuts and Jobs Act (TCJA) will save businesses tax, the new law also reduces or eliminates some tax breaks for businesses. One break it eliminates is the Section 199 deduction, commonly referred to as the “manufacturers’ deduction.” When it’s available,

Read more

Maryland Tax Update regarding retirement income of law enforcement, fire, rescue and emergency personnel aged 55 to 65:  http://bit.ly/2FGI9HP

Read more

Maryland Tax Update: Retirement Income of Law Enforcement, Fire, Rescue and Emergency Personnel

– by Jon C. Holmes, CPA, Principal House Bill 100 and Senate Bill 597, effective with the 2017 tax year, create a Maryland subtraction for certain retirement income attributable to a resident’s employment as a law enforcement officer or service as a fire, rescue, or emergency services

Read more

Do you own or manage a business that utilizes independent contractors?

– by Jennifer Clingan, CPA, Principal If you are concerned that the individuals you are treating as individual contractors might actually be employees, then the Voluntary Classification Settlement Program (VCSP) might be right for you. What is the Voluntary Classification Settlement Program (VCSP)? The VCSP is an

Read more

Filing Date Information for 2017 Individual Income Tax Returns

    IRS has issued a news release stating that they will begin accepting electronic and paper individual income tax returns on January 29, 2018. IRS also states that although they will accept paper returns as of January 29, they will not actually process paper returns until

Read more

What is in the Tax Cuts and Jobs Act of 2017?

The new tax law has dominated political discussion for months and will likely continue to do so well into 2018. Consequences, both intended and otherwise, are still unclear. But for now, these are the big changes for both individuals and companies.  In general, the changes to individual

Read more
Page 1 of 41234