Paramount Tax & Bookkeeping Magnolia Blog

You should receive a Form W-2, Wage and Tax Statement, from each of your employers for use in preparing your federal tax return. Employers must furnish this record of 2017 earnings and withheld taxes no later than January 31, 2018 (allow several days for delivery if mailed). Here's what to do if you're missing important tax forms, brought to you by our tax accountants Magnolia / North Tomball. Contact Paramount Tax & Bookkeeping Magnolia to learn more.

Summary of all posts for January 2018 from Paramount Tax & Bookkeeping Magnolia, brought to you by our accounting firms Magnolia / North Tomball. Contact Paramount Tax & Bookkeeping Magnolia 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 & Bookkeeping Magnolia to learn more about our small business accounting services in Magnolia / North Tomball.

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 & Bookkeeping Magnolia's CPA firm in Magnolia / North Tomball 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 & Bookkeeping Magnolia's tax services in Magnolia / North Tomball to learn more.