5 QuickBooks Reports You Need to Run in January
Posted on Jan 10th 2018
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 to learn more about our small business accounting services.
Late-Filing Penalty Relief for Partnerships
Posted on Jan 10th 2018
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's CPA firm to learn more.
Safe Harbors Help Taxpayers Suffering Property Losses
Posted on Jan 10th 2018
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's tax services to learn more.
Standard Mileage Rates for 2018
Posted on Jan 10th 2018
Beginning on January 1, 2018, the standard mileage rates for the use of a car, van, pickup or panel truck are: Contact Paramount to learn more about our certified public accountants.
Extended Due Dates for Health Coverage Forms
Posted on Jan 10th 2018
The due date for certain entities to provide 2017 health coverage information forms to individuals in 2018 has been extended. Contact Paramount to learn more about our tax services.