JBC BLOG

When the calendar turned to 2018, we were welcomed with a new tax law. Along with this new tax law comes challenges and opportunities. A challenge we discovered is related to IRS payroll [...]

Starting August 1, 2018 through August 5, 2018 you will not have to pay sales tax on certain purchases. During the sale tax holiday, the following purchases are not taxable: Clothing, if the [...]

Starting May 15, 2018 through July 2, 2018, you might be eligible for a one‐time $100 child tax rebate. This is a rebate on sales and use tax paid on purchases for raising a qualified child in [...]

When accountants conduct an audit or review, they can’t test every transaction. Instead, they set a “materiality” threshold. This benchmark is used to obtain reasonable [...]

  Employer Responsibilities under the ACA The health care law contains tax provisions that affect employers. The size and structure of a workforce–small or large–helps determine [...]

Tax reform legislation might be enacted before year end. If it is, companies following U.S. Generally Accepted Accounting Principles (GAAP) will have to recognize the effects of the changes in [...]

After a flurry of year-end fundraising, you and your not-for-profit’s staff are probably ready for a little break. Your supporters may be tired, too. At some point, even the most philanthropic [...]

What is Tax Planning? Tax planning is the process of looking at various tax options to determine when, whether, and how to conduct business transactions to reduce or eliminate tax liability. Many [...]

If you’re looking to save money on your taxes this year, consider using one or more of these tax-saving strategies to reduce your income, lower your tax bracket, and minimize your tax bill. [...]

Background: What is Equifax? Equifax is one of three major U.S. credit reporting bureaus. The other two are TransUnion and Experian. There is also a smaller, less well-known credit-reporting [...]