The end of 2017 brought about a major overhaul to the United States tax system called the Tax Cuts and Jobs Act (TCJA). Last year, we spoke with Russell Barnett, EA, CTC, owner of Silicon Valley Tax Coach, to get a sense of how the new code might impact taxpayers. One year after the overhaul, we turned to Mr. Barnett again to learn what insights he’s gained after working with the new regulations. Here’s our conversation: Read more
It’s springtime, and with the longer days and milder weather, the last thing you probably want to do is your tax return. But the deadline for filing returns is just around the corner. If you’ve been putting off the inevitable, or if doing your taxes was a more harried experience than you would have liked, review these tips for getting through tax season. Read more
In December 2017, Congress passed a comprehensive tax overhaul. With several hundred pages of new tax regulations on the books and tax season just around the corner, Bay Area residents and business owners are eager to learn what the revised code will mean for them. We spoke with Russell Barnett, EA, CTC, a Diamond Certified tax consultant, to help make sense of these new rules.
Businesses Will Be Most Affected by the Tax Overhaul
“The biggest changes to the tax code affect how business income is taxed,” says Mr. Barnett. Read more
With the holidays behind us, it’s time to get ready for the next seasonal milestone: tax season. While few would consider it “the most wonderful time of the year” (save for those expecting a substantial return), it doesn’t change the fact that tax season is something we all have to partake in. Anyone who has gone through the process knows that filing taxes can be difficult and frustrating, which is why it helps to know a few basics out of the gate. Whether you’re filing your taxes independently or having a professional handle it for you, check out these tips from industry experts on maximizing your return: