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The new tax law made some sweeping changes in terms of personal and dependent exemptions and enhancements to the child tax credit. As you’re gearing up for tax season though, keep in mind that the changes as a result of tax reform largely go into effect next year, when you’re filing your 2018 tax return...

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Learning HubWith all the talk about the new federal tax law that went into effect in January, it’s easy to forget about the old one. But it’s the old tax code that governs the deductions, credits and other measures you can use to save money on your 2017 tax return due in April. In fact, it...

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Learning Hub  Businesses Keep One Year Bank reconciliations Correspondence with customers or vendors Duplicate deposit slips Purchase orders (except purchasing department copies) Receiving sheets Requisitions Stenographer’s notebooks Stockroom withdrawal form Keep Three Years General correspondence Employee personnel records (after termination) Employment applications Expired insurance policies Internal audit reports Internal reports Petty cash vouchers Physical inventory tags...

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Learning Hub Many individuals file their income tax returns as quickly as possible so they can get their refunds faster, avoiding the crunch that hits around the April 15 deadline. This year there is a glitch for the early tax filers: The budget deal that ended the government shutdown in February also extended the 2016 expiration...

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