2018 Q4 tax calendar: Tax Deadlines for businesses and other employers

Check these key tax-related deadlines affecting businesses and other employers during the fourth quarter of 2018. Keep in mind that this list isn’t all-inclusive, so there may be additional deadlines that apply to you. Contact us at 216-831-7171 or email here to ensure you’re meeting all applicable deadlines and to learn more about the filing…

Tax Reform Framework Released

Tax reform 2017 The Trump Administration, the House Committee on Ways and Means, and the Senate Committee on Finance released a framework for tax reform yesterday that they hope will be enacted by year-end. The framework is intended to become the template on which the tax-writing committees will develop legislation. It is designed to keep…

Beware of the ongoing risk of employee misclassification

We live in an increasingly specialized society. As such, a subset of the workforce with distinctive skill sets that can perform high-quality services is increasing. Through independent contractor relationships, companies are able to access these services without the long-term entanglements of traditional employment. And yet, risk remains. Classifying a worker as an independent contractor frees…

The Trump Tax Plan

Tax Plan The Trump Administration served its opening volley on tax reform.  Although short on details and sure to be extensively debated and modified by Congress, it does offer us some insights on where the debate may be headed.  Of special importance is the omission of some key campaign proposals.  These include the border tax,…

When to File a Gift Tax Return

Do you need to file a 2016 gift tax return by April 18? Generally, you’ll need to file gift tax return if you made gifts that exceeded the $14,000-per-recipient gift tax annual exclusion (unless to your U.S. citizen spouse) and in certain other situations. If you transferred hard-to-value property, such as artwork or interests in…