Author: Alexa Key

02

August

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ATA Named Top 200 Firm in Nation

Alexander Thompson Arnold PLLC Named Top 200 Firm in Nation ATA is pleased to announce its recent accolade as a 2018 IPA Top 200 Firm deemed by INSIDE Public Accounting’s (IPA) 28th Annual Survey and Analysis of Firms. IPA 100, 200 and 300 firms are ranked by U.S. net revenues and are compiled by analyzing … Continued

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27

July

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Unemployment Benefits

Employers generally pay federal unemployment tax (FUTA) of 6% on the first $7,000 of covered wages of each employee each year. That’s offset by the state unemployment insurance (UI) tax paid. States that can’t meet their obligations to pay UI benefits may borrow funds from the federal government. If the loans aren’t repaid, employers in … Continued

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10

July

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New Rules

The Tax Cuts and Jobs Act ushered in new rules for the “kiddie tax,” which govern the taxation of unearned income of certain young taxpayers. Under prior law, children having more than $2,100 (in 2017) of unearned income were taxed at the same rate their parents paid (unless the child’s rate was higher). On 1/1/18, … Continued

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19

June

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Can you deduct business travel when it’s combined with a vacation?

At this time of year, a summer vacation is on many people’s minds. If you travel for business, combining a business trip with a vacation to offset some of the cost with a tax deduction can sound appealing. But tread carefully, or you might not be eligible for the deduction you’re expecting. General rules Business … Continued

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13

June

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2 Tax Law Changes that May Affect Your Business’ 401(k) Plan

When you think about recent tax law changes and your business, you’re probably thinking about the new 20% pass-through deduction for qualified business income or the enhancements to depreciation-related breaks. Or you may be contemplating the reduction or elimination of certain business expense deductions. But there are also a couple of recent tax law changes … Continued

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