Comptroller’s Ruling on Sales and Use Tax Obligation
2018 Employer Reimbursements for Employees’ 2017 Moves are Generally Tax-Free

What the Increased Standard Deduction May Do to Your Billable Hours

The Tax Cuts and Jobs Act (TCJA) nearly doubled the standard deduction, but cut back on many itemized deductions such as state and local taxes (SALT) and employee business expenses. In the past, less than a third of taxpayers itemized deductions, but for the most part, these were our clients. It is anticipated that an additional 27 million taxpayers will use the standard deduction this year. Start thinking about what this does to your firm's billable hours, scheduling, staffing requirements, etc.


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