Welcome to Howard, Moore & McDuffie

Thank you for visiting our website. In addition to providing you with a profile of our firm and the services we provide, this website has been designed to become a helpful resource tool to you, our valued clients and visitors. Our dedication to superior client service has brought us to the Internet as we endeavor to continue to provide the highest quality professional service and guidance.

While browsing through our Website, please feel free to contact us with any questions or comments you may have. We would love to hear from you. We pride ourselves on being proactive and responsive to our clients' inquiries and suggestions.

News

Qualified business income deduction regs. and other guidance issued

  • 23 January 2019
  • Author: machele
  • Number of views: 5107
  • 0 Comments
On Friday, the IRS released guidance on a large number of Sec. 199A issues, including the eagerly awaited final Sec. 199A regulations (in an as-yet-unnumbered Treasury decision). The IRS also issued new proposed regulations on how to treat previously suspended losses and how to determine the deduction for taxpayers that hold interests in regulated investment companies (RICs), charitable remainder trusts (CRTs), and split-interest trusts. The guidance also includes a notice that provides a safe-harbor rule for rental real estate businesses and a revenue procedure on calculating W-2 wages.
Read more

IRS sets start date for tax season, will issue refunds during government shutdown

  • 8 January 2019
  • Author: machele
  • Number of views: 4221
  • 0 Comments
The IRS announced on Monday evening that it is prepared to start processing 2018 tax returns on Jan. 28 and that it will pay tax refunds despite the partial shutdown of the federal government. The agency has been operating under a contingency plan that has furloughed 88% of the IRS’s workforce. It says it will recall “a significant portion” of its furloughed staff for tax season. The agency also says it will issue an updated contingency plan in the next few days.
Read more

2019 standard mileage rates announced

The optional standard mileage rates for business use of a vehicle will increase significantly in 2019, after increasing slightly last year, the IRS announced Friday (Notice 2019-2). For business use of a car, van, pickup truck, or panel truck, the rate for 2019 will be 58 cents per mile up from 54.5 cents per mile in 2018. Taxpayers can use the optional standard mileage rates to calculate the deductible costs of operating an automobile.
Read more

Voices - The tax challenges of health insurance for small business

  • 7 December 2018
  • Author: machele
  • Number of views: 4387
  • 0 Comments
You’ve probably been asked by your clients before: “Can I deduct my health insurance?” or, “How can I reimburse my employees for health insurance premiums without triggering tax consequences?”

For small-business owners and sole proprietors, the most powerful and relevant options are Health Reimbursement Arrangements. There are two HRAs in particular that will be of most interest to your clients.
Read more

Inflation adjustments and tax tables issued for 2019

  • 16 November 2018
  • Author: machele
  • Number of views: 3933
  • 0 Comments
The IRS on Thursday issued the 2019 annual inflation adjustments for many tax provisions as well as the 2019 tax rate tables for individuals and estates and trusts (Rev. Proc. 2018-57). These adjusted amounts will be used to prepare tax year 2019 returns in 2020.
Read more
RSS
First9101112131415161718Last

Pay your bill online


IconLinkedin IconLinkedin IconLinkedin

Sign-up for our e-Newsletter

Sign-up for our e-Newsletter

First Name:
Last Name:
Email Address (required):
Company:
Phone Number: