by Joan Buchman Miller | Jul 2, 2018 | sales tax, Uncategorized
It is time to set aside the rules relating to sales tax nexus that have been in place for several decades. Times are changing! On June 21, 2018 the US Supreme Court issued a decision in South Dakota vs. Wayfair, overturning a sales tax standard that dated back to a...
by Joan Buchman Miller | Jun 4, 2018 | Uncategorized
Help! I filed my taxes wrong! What should you do if you have made a mistake on your taxes? The first thing you should do is not panic – and secondly you should go about correcting the error. The longer you wait the more work it is to correct the error – and it can...
by Joan Buchman Miller | May 28, 2018 | Uncategorized
Your paycheck may need a checkup! With the new tax law that passed in December 2017, there is a good chance that you will see some changes when you file your 2018 income tax return. In order to be prepared for the impact of the new tax law, it is a good idea to plan...
by Joan Buchman Miller | May 21, 2018 | Uncategorized
You filed your tax return, but didn’t receive your refund yet. How soon can you expect it? The IRS issues over 90% of refunds within about 3 weeks of receiving electronically filed tax returns. A paper filed return will take a little longer – often about 6...
by Joan Buchman Miller | Mar 12, 2018 | Uncategorized
If you have a retirement account such as a traditional IRA or a 401(k) you typically are required to begin taking distributions from the plan at the age of 70 ½. These distributions, commonly referred to as required minimum distributions or “RMDs”, provide for a...
by Joan Buchman Miller | Feb 26, 2018 | Uncategorized
What is the difference between a tax deduction and a tax credit? A tax credit is a dollar for dollar reduction in the amount of tax owed. A tax deduction reduces taxable income so the higher your tax bracket the more value to a tax deduction. For example, if you are...
