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Tax deduction for moving costs: 2017 vs. 2018

February 22nd, 2018

If you moved for work-related reasons in 2017, you might be able to deduct some of the costs on your 2017 return — even if you don’t itemize deductions. (Or, if your employer reimbursed you for moving expenses, that reimbursement might be excludable from your income.) The bad news is that, if you move in […]

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Families with college students may save tax on their 2017 returns with one of these breaks

February 15th, 2018

Whether you had a child in college (or graduate school) last year or were a student yourself, you may be eligible for some valuable tax breaks on your 2017 return. One such break that had expired December 31, 2016, was just extended under the recently passed Bipartisan Budget Act of 2018: the tuition and fees […]

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Is Your Employer Withholding Enough?

February 12th, 2018

The IRS has updated Withholding Tables to reflect new tax legislation. Employers use the tables to determine withholding, but it’s up to you to ensure they’re withholding enough.

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2 tax credits just for small businesses may reduce your 2017 and 2018 tax bills

February 6th, 2018

Tax credits reduce tax liability dollar-for-dollar, potentially making them more valuable than deductions, which reduce only the amount of income subject to tax. Maximizing available credits is especially important now that the Tax Cuts and Jobs Act has reduced or eliminated some tax breaks for businesses. Two still-available tax credits are especially for small businesses […]

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Meet The Newest Members Of Our Team

January 29th, 2018

As we continue to expand our service offering to meet the needs of our valued clients, Laciak>cpa is proud to introduce our newest team members. Lou Ann Klotzbach Manager lklotzbach@laciak.com In July 2017, Laciak>cpa welcomed accounting management veteran Lou Ann Klotzbach to the team, and in the process, acquired a seasoned accounting professional with decades […]

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3 Tips for Managing Cash Flow

January 16th, 2018

The No. 1 cause of business failure is poor cash flow management. The income statement and balance sheet alone do not provide a complete picture of the company’s financial viability. For example, your company’s net worth may be climbing year after year, while cash balances are being depleted. Or, your business property is appreciating in […]

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Upcoming Tax Deadlines

January 9th, 2018

JANUARY 16 Due date for the fourth installment of 2017 individual estimated tax. JANUARY 31 Due date for employers to provide W-2 statements to employees  and also file Forms W-2 with the Social Security Administration. Due date for payers to provide most Forms 1099-MISC with non-employee compensation in box 7 to the IRS and to recipients. Due […]

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Tax Reform May Affect Local Charitable Giving

December 18th, 2017

As questions swirl around the proposed tax reform bill being voted on this week in Washington, and how it will impact the Region, Laciak>cpa founder and president Joe Laciak explained how the new bill could affect local charities in an article from Sunday’s issue of The Times.      

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Our Winter 2017-18 Newsletter

December 6th, 2017

Season’s Greetings from Laciak>cpa!  We’re ushering in the holidays with our Winter 2017-2018 edition of Tax & Financial Briefs. This issue includes: Tax Notes from the IRS Year-End Tax Filing Advice The 411 on 1099s Managing Cash Flow Succession Planning Next Steps Upcoming Tax Filing Deadlines Thank you for giving us the opportunity to serve you this past year. […]

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National Tax Security Awareness Week: W-2 Scam

November 30th, 2017

The IRS warns the nation’s business, payroll and human resource communities about a growing W-2 email scam. Criminals use this scheme to gain access to W-2 and other sensitive tax information that employers have about their employees. This tip is part of National Tax Security Awareness Week. The IRS is partnering with state tax agencies, […]

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