by Kevin Thompson | Tax Blog
“Fishing is fun,” says Kevin E. Thompson CPA “But PHISHING is dangerous. ”Phishing is when a scammer sends an email that makes you think it’s from a reputable company. They can replicate a company’s branding to trick you into giving them important information. If you...
by Kevin Thompson | Tax Blog
Co-written by Kevin E. Thompson CPA and Ted Mayeshiba, MBA, Fellow, Institute of Industrial & Systems Engineers. How do you define “business interruption”? News reports that talk about earthquakes, hurricanes and tornados come to mind. However, the most...
by Kevin Thompson | Tax Blog
“My tax cut is the biggest since Ronald Reagan. I’ve very proud of it. It will create tremedeous (sic) numbers of new jobs” ~ Donald J. Trump (Well, he can’t spell) Here is a summary of Donald Trump’s tax change proposals. Tax Rates There will only be three brackets...
by Kevin Thompson | Tax Blog
If you have an LLC do you know how much your member’s shares are when it comes to self-employment tax? It’s a complicated matter because the IRS code and regulations do not provide any guidance on how to treat an LLC member in that regard. However, the agency has just...
by Kevin Thompson | Tax Blog
Bloomberg BNA has just published its 2017 Projected Tax Rates along with a projection of tax items that have been adjusted for inflation. That means that the cost of noncompliance will increase. The good news is that individuals and businesses can look forward to...
