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The IRS issued a news release in April 2018 to perform a “paycheck checkup” to ensure taxpayers have the right amount of tax withholding following the recent tax law changes. The IRS has unveiled several new features to help taxpayers understand the implications of the tax law changes including YouTube videos and a “Special Tax Tip series.” 
 
This IRS news release emphasizes one important aspect of many changes from the new Tax Cuts and Jobs Act. As always, if you have any questions feel free to contact us and please view the entire news release here.
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The IRS recently issued a news release that warns of a new twist on a phone scam. Scammers are calling taxpayers with the local IRS Taxpayer Assistance Center showing as the caller ID. When the taxpayer questions the scammer they have the taxpayer verify the caller ID phone number on the IRS website.

Note that the IRS typically initiates most contacts through regular mail. For more information see the news release, IR-2018-103.

Karyn Richardson, CPA •

Now that we are nearing the mid-year mark, it is a good time to review how your business has done thus far and project where it is going for the remainder of the year. Many people believe that tax planning is something that happens in December, but successful tax planning is an on-going process that requires the business owner and their tax advisors to communicate and evaluate the business and the owner’s personal tax situation on a continuous basis.

When reviewing your year-to-date numbers, consider the following:
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