by TaxGenuity Tax Experts | Dec 16, 2018 | Tax Advice
If you have children, you may be able to reduce your tax bill using these tax credits and deductions. Child Tax Credit: You may be able to take this credit on your tax return for each of your children under age 17. Qualifying dependents must have a valid Social...
by TaxGenuity Tax Experts | Dec 13, 2018 | Tax Advice
When it comes to creating a budget, it’s essential to estimate your spending as realistically as possible. Here are five budget-related errors commonly made by small businesses and some tips for avoiding them. Not Setting Goals. It’s almost impossible to...
by TaxGenuity Tax Experts | Dec 10, 2018 | Tax Advice
Here’s what business owners need to know about tax changes for 2018. Standard Mileage Rates The standard mileage rate in 2018 is 54.5 cents per business mile driven. Health Care Tax Credit for Small Businesses Small business employers who pay at least half the...
by TaxGenuity Tax Experts | Dec 7, 2018 | Tax Advice
The Tax Cuts and Jobs Act of 2017 (TCJA) eliminated or modified numerous tax provisions starting in 2018. Here’s what individuals and families need to know as they get ready for tax season. Personal Exemptions Personal exemptions are eliminated for tax years...
by TaxGenuity Tax Experts | Nov 29, 2018 | Tax Advice
FEMA (Federal Emergency Management Agency) has declared a number of counties in Florida, Georgia, North Carolina, South Carolina and Virginia disaster areas due to hurricanes Michael and Florence. Any area declared a major disaster as designated by FEMA qualifies for...
