News & Notices

Thinking Ahead to Next Year: Changes to Taxes Under the New Law

We’re approaching the halfway point for 2018. Your taxes, and filing next year’s return, may be the furthest thing from your mind these days (after all, you’re just barely over the stress of filing this year’s!). However, with the typically more relaxed schedule that summer months brings, it may be the perfect time to start […]

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1099 SPREADSHEET ORGANIZER FOR TAX YEAR 2017

Instructions: This 1099 Spreadsheet Organizer was created to assist you in sending your information to Wendroff CPA to create your 1099 information for 2017. Please only include your company information and information for those you have paid (only list people that have been paid more than $600 for the year, or more than $10 for […]

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Take Advantage of These Tax Tips Before 2018 (and the Tax Cuts and Jobs Act) Begin

The Tax Cuts and Jobs Act, which was signed by President Trump on Dec. 22, means substantial tax changes for millions of Americans–many of which will take effect very soon, in 2018. There are some things you can do–both as an individual and as a company–over the next week, before 2018 begins, that can help […]

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How to Calculate Deductions for Charitable Donations

One of the best incentives the American government offers us to donate to charitable organizations—other than the good feeling you get from making a difference, of course—is the chance to take a deduction on our annual taxes for charitable donations. However, knowing what qualifies and how to go about filing that deduction correctly can be […]

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Calls from the IRS: Is It a Scam?

The phone rings. It’s the IRS calling — or is it? The IRS put out a statement recently warning consumers of this: “Taxpayers who get an unexpected or unsolicited phone call from the IRS should be wary – it’s probably a scam. Phone calls continue to be one of the most common ways that thieves try […]

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Virginia Announces New Tax Amnesty Program

Now through Nov. 14, 2017, Virginia is offering a tax amnesty program to people who have tax debts or unfiled returns. The program allows these taxpayers to remit the tax due with $0 in penalties and only pay half the interest owed. In a statement, Virginia Gov. Terry McAuliffe said, “This program provides delinquent taxpayers with a great […]

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An Easy Guide to College Tax Deductions

Sending a child off to college is a joyous occasion for parents. Your little one is taking another major step towards adulthood, embarking on a journey to find where they want to fit into the world at large. But for many parents, the day a child goes off to school can also be full of […]

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Are Childcare Expenses Tax Deductible? What Working Parents Need to Know

Almost any parent will agree – childcare is expensive. But for working parents, childcare is a necessity. Somebody has to watch the kids while you spend the majority of the day at your job. That’s why it’s vital for working parents to understand what tax deductions are available to them if they pay for childcare. […]

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5 Reasons to Ditch Your Accounting Spreadsheets (and Use QuickBooks)

For a lot of business owners, starting their venture was done on a shoe-string budget. Until they knew that business was going to make it through that tough first year, investing in things like accounting systems was an unnecessary expense. As business increases, however, a good bookkeeping program — one more efficient and effective than […]

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How to Get Tax Credits for Business Research and Development

Research and development is an important part of starting and growing a successful business. Recently, the Internal Revenue Service (IRS) announced that qualified small business startups are able to apply a portion of the business research credit toward either a payroll tax credit or toward the employer’s portion of employees’ social security taxes, instead of […]

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