Paramount Tax & Accounting Pioneer Valley Blog

Summary of all posts for January 2018 from Paramount Tax & Accounting Pioneer Valley, brought to you by our accounting firms Amherst, Ludlow & Belchertown. Contact Paramount Tax & Accounting Pioneer Valley to learn more.

Getting all of your accounting tasks done in December is always a challenge. Besides the vacation time you and your employees probably took for the holidays, there are those year-end, "Let's-wrap-it-up-by-December-31" projects. Contact us at Paramount Tax & Accounting Pioneer Valley to learn more about our small business accounting services in Amherst, Ludlow & Belchertown.

The Surface Transportation and Veterans Health Care Choice Improvement Act of 2015 (Surface Transportation Act) changed the date by which a partnership, real estate mortgage investment conduits (REMICs), or other entity must file its annual return. For calendar year filers, the due date for filing the annual return or request for an extension changed from April 15 (April 18 in 2017) to March 15. Contact Paramount Tax & Accounting Pioneer Valley's CPA firm in Amherst, Ludlow & Belchertown to learn more.

Safe harbor methods are used by individual taxpayers when determining the amount of their casualty and theft losses for their homes and personal belongings. Four of the safe harbor methods may be used for any qualifying casualty or theft loss, and three are specifically applicable only to losses occurring as a result of a Federally declared disaster. Contact Paramount Tax & Accounting Pioneer Valley's tax services in Amherst, Ludlow & Belchertown to learn more.

Beginning on January 1, 2018, the standard mileage rates for the use of a car, van, pickup or panel truck are: Contact Paramount Tax & Accounting Pioneer Valley to learn more about our certified public accountants in Amherst, Ludlow & Belchertown.