Working from home has its perks. Not only can you skip the commute, but you also might be eligible to deduct home office expenses on your tax return. Deductions for these expenses can save you a bundle, if you meet the tax law qualifications. Under the Tax Cuts and Jobs Act, employees can no longer […]
Sandy Furuya, star and president of Wamhoff Accounting Services, tells you everything you need to know about the marriage penalty. Does is it still exist? How should you file? Wamhoff is here to answer your tax questions and concerns.
Wamhoff Accounting helps tax payers like yourself, tax plan for the future! What records should you keep? What’s the best way to track your records? Find out more about these topics in the video below, and let us know your tax questions by contacting us.
You may have heard of the “nanny tax.” But even if you don’t employ a nanny, it may apply to you. Hiring a housekeeper, gardener or other household employee (who isn’t an independent contractor) may make you liable for federal income and other taxes. You may also have state tax obligations. If you employ a […]
There’s good news about the Section 179 depreciation deduction for business property. The election has long provided a tax windfall to businesses, enabling them to claim immediate deductions for qualified assets, instead of taking depreciation deductions over time. And it was increased and expanded by the Tax Cuts and Jobs Act (TCJA). Even better, the […]
It’s very important to keep good records, not only for your business, but also as an individual. In this video, Sandy Furuya goes over good record-keeping practices for your business.