Technology has made it easier to work from home so lots of people now commute each morning to an office down the hall. However, just because you have a home office space doesn’t mean you can deduct expenses associated with it. Regularly and exclusively In order to be deductible for 2019 and 2020, you must […]
Tax Changes in Missouri We are now in the second year of the Tax Reform law changes, and Missouri has also prepared some tax changes. Starting in 2019, your Missouri tax rate has a 5.4% maximum, and in 2020 it’s going to go down to 5.1% as long as you meet certain criteria. This is […]
While you were celebrating the holidays, you may not have noticed that Congress passed a law with a grab bag of provisions that provide tax relief to businesses and employers. The “Further Consolidated Appropriations Act, 2020” was signed into law on December 20, 2019. It makes many changes to the tax code, including an extension […]
As part of a year-end budget bill, Congress just passed a package of tax provisions that will provide savings for some taxpayers. The White House has announced that President Trump will sign the Further Consolidated Appropriations Act of 2020 into law. It also includes a retirement-related law titled the Setting Every Community Up for Retirement […]
In its 2018 decision in South Dakota v. Wayfair, the U.S. Supreme Court upheld South Dakota’s “economic nexus” statute, expanding the power of states to collect sales tax from remote sellers. Today, nearly every state with a sales tax has enacted a similar law, so if your company does business across state lines, it’s a […]
Here at Wamhoff Accounting, we take pride in providing quality, personal service to all of our clients. We know that having the right partner for taxes and accounting can be transformative, and we love impacting lives for the better! One of our clients, Dena Woulfe, shares how Wamhoff Accounting has helped her manage her business, […]