Important State and Federal Tax Changes in 2019

Important State and Federal Tax Changes in 2019 on providentcpas.com

Changes in tax law and pending legislation don’t always make the headlines. Businesses must stay informed to avoid the price of being caught unawares. Tax laws are ultimately no different from any other in that they’re subject to legislative change. These changes may be sweeping and significant but are most often incremental shifts as policy…

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Understanding Business Travel Expenses and Tax Deductions

Understanding Business Travel Expenses and Tax Deductions on providentcpas.com

The TCJA changes how to treat business travel expenses when filing taxes Entrepreneurs have plenty to manage, from growing their business to paying employees to managing client and vendor relationships. Paying taxes is a big consideration and can be complex, especially when the tax law continues to change and thus requirements are hard to follow.…

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How the HIT Tax Could Eventually Impact Individuals and Entrepreneurs

How the HIT Tax Could Eventually Impact Individuals and Entrepreneurs on providentcpas.com

Even though the health insurance tax (HIT) has been suspended, what will it mean for taxpayers, and especially entrepreneurs, if it’s finally introduced? The health insurance tax (HIT) is intended as a fee imposed on insurance companies, though its implementation has been delayed by lawmakers since 2015. This year, lawmakers have proposed again suspending it…

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