Paramount Tax & Bookkeeping in Plano Blog

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 in Plano's tax services in Plano & Richardson 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 & Bookkeeping in Plano to learn more about our certified public accountants in Plano & Richardson.

The due date for certain entities to provide 2017 health coverage information forms to individuals in 2018 has been extended. Contact Paramount Tax & Bookkeeping in Plano to learn more about our tax services in Plano & Richardson.

More than half of all businesses today are home-based. Every day, people are striking out and achieving economic and creative independence by turning their skills into dollars. Garages, basements, and attics are being transformed into the corporate headquarters of the newest entrepreneurs--home-based business people. Contact Paramount Tax & Bookkeeping in Plano to learn more about our small business accounting services in Plano & Richardson.

When you decide to start a business, one of the most important decisions you'll need to make is choosing a business entity. It's a decision that impacts many things--from the amount of taxes you pay to how much paperwork you have to deal with and what type of personal liability you face, and with the passage of the Tax Cuts and Jobs Act of 2017, it's more important than ever to choose the business entity that benefits your business. Contact Paramount Tax & Bookkeeping in Plano to learn more about our CPA firm in Plano & Richardson.