Tax season is here! But are you ready?
- Nicole Ronquillo
- Feb 25, 2020
- 1 min read
It is that time of year again, but you may not know there are some important changes in tax laws that you need to be aware of:
There is no longer a penalty for not having health insurance, although technically it is still required.
More people will be able to take advantage of the child tax credit due to the increase in income phase-out limits.
If you are self-employed or own a business, you could qualify for a 20% deduction of qualified business income.
Expenses defined as entertainment are no longer deductible.
Did you know W-4 forms for new employees have changed this year?
The process can be difficult sometimes depending on how you are filing and any 2019 life changes. So whether you have questions about your personal or business taxes and financials, our knowledgeable and dedicated staff is here to assist and advise you through it all.
Call us today for more information or to set up an appointment!
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