Showing posts from September, 2018

KAFM Money Tips: Outsourcing for the Small Business with Lynne O'Connell

Request for Client Info Update

Dear Client: In efforts to keep our client database accurate and current, please complete our Client Information Update form:  Download Client Update Form . Please fill out the form in its entirety and mail or fax it back to our office. For our clients who currently have a Client Portal account, you may log in to verify and, if necessary, update your personal information. If you have new dependents, please be prepared to provide social security numbers with your 2018 tax documents. Please don’t hesitate to contact us with any questions. (970) 241-1116 Please return forms to: Stranger Tallman & Lautz Accounting 521 Rood Ave Grand Junction, CO 81501 or Fax: (970) 241-8299 Portal: enter your email and password Best Regards, Emelia Black Client Services Specialist

September Tax Saving Tips

                                                                                        New IRS 199A Regulations Benefit Out-of-Favor Service Businesses If you operate an out-of-favor business (known in the law as a “specified service trade or business”) and your taxable income is more than $207,500 (single) or $415,000 (married, filing jointly), your Section 199A deduction is easy to compute. It’s zero. This out-of-favor specified service trade or business group includes any trade or business ·         involving the performance of services in the fields of health, law, consulting, athletics, financial services, and brokerage services; or ·         where the principal asset of such trade or business is the reputation or skill of one or more of its employees or owners; or ·         that involves the performance of services that consist of investing and investment management trading or dealing in securities, partnership interests, or commodities. For this