Treasury, IRS issue final regulations, other guidance on new qualified business income deduction; Safe harbor enables many rental real estate owners to claim deduction
Jan19

Treasury, IRS issue final regulations, other guidance on new qualified business income deduction; Safe harbor enables many rental real estate owners to claim deduction

Today the Treasury Department and the Internal Revenue Service issued final regulations and three related pieces of guidance, implementing the new qualified business income (QBI) deduction (section 199A deduction).   The new QBI deduction, created by the 2017 Tax Cuts and Jobs Act (TCJA) allows many owners of sole proprietorships, partnerships, S corporations, trusts, or estates to deduct up to 20 percent of their qualified...

Read More
May Peace And Happiness Be Yours This Holiday Season. Merry Christmas!
Dec22

May Peace And Happiness Be Yours This Holiday Season. Merry Christmas!

All of us at Account On Us would like to express our sincerest appreciation for the trust you have placed in us. This holiday season, we at Account On Us pause and take advantage of the season to express our gratitude and appreciation to you for doing business with us. Wishing you a year full of happiness and success. Account On Us offers many services for individuals such as income tax preparation, estate tax preparation, gift tax...

Read More
401(k) contribution limit increases to $19,000 for 2019; IRA limit increases to $6,000
Nov07

401(k) contribution limit increases to $19,000 for 2019; IRA limit increases to $6,000

The Internal Revenue Service today announced cost of living adjustments affecting dollar limitations for pension plans and other retirement-related items for tax year 2019.  The IRS today issued technical guidance detailing these items in Notice 2018-83.   Highlights of Changes for 2019 The contribution limit for employees who participate in 401(k), 403(b), most 457 plans, and the federal government’s Thrift Savings Plan is...

Read More
You Can Account On Us For Your Tax Or Accounting Need.
May20

You Can Account On Us For Your Tax Or Accounting Need.

Account On Us caters to the small and not so small business needs. Start your business and get off on the right foot. We can handle all paperwork and filing of new corporations, LLC’s, S corporations and partnerships. If you have a personal tax or accounting need, contact us to assist you in the right direction. Account On Us offers many services for individuals such as income tax preparation, estate tax preparation, gift tax...

Read More
What Is Account On Us.
Apr27

What Is Account On Us.

Our business bookkeeping service staff members have more than 71 years combined experience in the preparation of federal and state tax returns. In addition to federal taxes, we can file taxes in all 50 states and U.S. held territories, as well as nonresident returns. If you have a tax issue we have the education, expertise and IRS designation to act on your behalf with your consent, easing the frustration of representing yourself. We...

Read More
Happy Saint Patrick’s Day
Mar15

Happy Saint Patrick’s Day

St. Patrick’s Day is coming, and you might think it’s a joke. But we are sure you like to get your hands on one of the little Irish folk. For they say in good old Ireland if a Leprechaun you hold. You’ll go to the end of the rainbow to his treasure pot of gold. Even if you don’t get his pot of gold stop in and see Account On Us and we will do our best to keep your pot of gold from getting smaller. Account on...

Read More