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Blog Month: January 2019

Wisconsin Due Dates Extended Due to Extreme Weather

The Wisconsin Department of Revenue just announced that due to the extreme weather conditions, State agencies were closed for public business on Wednesday, January 30th. The United States Postal Service

Parking Tax Update

In December 2018, the IRS released Notice 2018-99 to clarify the taxation of parking expenses Under § 274(a)(4) and § 512(a)(7) of the Internal Revenue Code. The notice reaffirmed that

Don’t lose your 2018 Deduction for Charitable Contributions

We would like to thank you for your generosity in 2018. Your donations, no matter how small, can help those in need daily. If you contributed to a qualified charitable

Retirement Plan Fiduciary Responsibilities

So you’re in charge or your company’s retirement plan… what does this mean for you? The Employee Retirement Income Security Act (ERISA) protects your plan’s assets by subjecting those in

Will the new tax law actually reduce your tax burden?

The honest answer to that question is it depends.  The Tax Cuts and Jobs Act (TCJA) generally reduced individual tax rates for 2018 through 2025.  The increase of certain tax

Faith in Numbers Recap

Faith in Numbers was created as an educational offering to churches and religious organizations in the Midwest region. Additionally, we wanted to provide an opportunity to gather with similar organizations

Selecting the Right Retirement Plan for your Church

Have you heard of the 403(b)(9) plan? This type of plan, as opposed to an IRA, 403(b), 403(b)(7) or a 401(k) plan, has two key benefits for ministers described in
Hands dividing income

Alimony before and after December 31, 2018

Prior to the Tax Cuts and Jobs Act (“TCJA”) that went into effect in 2018, alimony and spousal support was generally deductible by the ex-spouse paying it and included in

What’s New for the Medical Expense Deductions in 2018 and 2019?

Have you noticed an increase in health care costs recently?  Tax breaks related to health care that you can take are more important than ever.  Unfortunately there are thresholds for

Do I still need to provide itemized deduction information for my 2018 taxes?

Question from the Mailbag:   Q: Since we will use the new, larger, federal standard deduction for 2018, do we still need to gather and provide any itemized deduction information