Updates

The Treasury Department and the Internal Revenue Service today launched the Employee Retention Credit, designed to encourage businesses to keep employees on their payroll. The refundable tax credit is 50% of up to $10,000 in wages paid by an eligible employer whose business has been financially i...

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Taxpayers who work in the gig economy need to understand how their work affects their taxes. A little pre-planning can help make sure gig economy workers are prepared when it's time to file their tax return.

First things first, here's a quick overview of the gig economy:

The gig economy is also...

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Tax law offers 100-percent, first-year ‘bonus’ depreciation:

The Tax Cuts and Jobs Act increased the bonus depreciation percentage from 50 percent to 100 percent for qualified property acquired and placed in service after September 27, 2017, and before January 1, 2023.

This law change:

General...

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New 20-percent deduction for pass-through businesses:

Eligible taxpayers may be entitled to a deduction of up to 20 percent of qualified business income (QBI) from a domestic business operated as a sole proprietorship or through a partnership, S corporation, trust or estate. Income earned throug...

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The Tax Cuts and Jobs Act (TCJA), passed in December 2017, made tax law changes that will affect virtually every business and individual in 2018 and the years ahead. Among those for business owners are tax rate changes for pass-through entities, changes to the cash accounting method for some, lim...

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Testimonials

4 years ago
Most diligent and extremely knowledgeable- very fortunate to have Khuzema as my accountant Khuzema's services and skills have been instrumental in rapidly growing my business. His deep understanding of all the tax related information and book keeping has helped me immensely to focus on my business rather than keeping track of daily accounting and taking care of all the tax issues. When needed he seeks out answers and advice to complex questions, scenarios and provides me with the best possible options. Over the last two years he has become a close and trustworthy advisor. I consider him an asset in my continued progress and all possible future endeavors. I personally think he's the best accountant you can find for individual and small business (period)
- Ashish R

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