As part of an appropriations measure, Congress passed a flurry of new tax legislation at the end of 2019. These new rules may have an impact on 2019 tax returns to be filed in 2020. Notably, the “Taxpayer Certainty and Disaster Tax Relief Act of 2019” extends through 2020 several tax breaks for individuals that...Continue Reading
The Tax Cuts and Jobs Act of 2017 (TCJA) has had a profound impact on how depreciation of qualified property can be expensed. There are some very strict factors that apply when determining eligibility of qualified property. It is important to consult with an advisor who understands these rules and asks you the right questions...Continue Reading
There are many different versions and uses for Form 1099, but all serve the same broad purpose — to provide information to the IRS about non-employment related income. It is the responsibility of the organization paying this income to send one copy to the taxpayer and one to the IRS. These forms are becoming even...Continue Reading
Many companies may not realize their full federal—or state—R&D tax credit eligibility due to factors such as outdated understanding of the tax law or lack of ongoing monitoring of qualifying activities throughout the tax year. With tax reform, it’s time to revisit this incentive for your company’s research and development activities. Over the past year,...Continue Reading
As 2018 draws to a close, there is still time to reduce your 2018 tax bill and plan ahead for 2019. Year-end planning this year follows the new laws created by the Tax Cuts and Jobs Act that made major changes to the rules for individuals and businesses. This letter highlights several potential tax-saving opportunities...Continue Reading
Anglin Reichmann Armstrong has been named one of 2018 Best Accounting Firms to Work For by national publication Accounting Today. The publication is a leading information resource for public accountants. According to Accounting Today, the annual survey and awards program is conducted in partnership with Best Companies Group, and is designed to identify, recognize and honor the...Continue Reading
Anglin Reichmann Armstrong is pleased to announce 10 firm-wide promotions. The staff listed below received promotions. Congratulations to all! Manager: Amanda Archambeau, CPA, MAcc, QuickBooks Pro Advisor Jonathan Goodwin, CPA, QuickBooks Pro Advisor, Implementations Specialist Denise Miles, CPA, CGMA Dustin Schaefer, CPA Supervisor: Elena Miller, MAcc, QuickBooks Pro Advisor Angela Sparks, CPA, QuickBooks Pro Advisor Emily Zirbel, MBA Senior:...Continue Reading
