Tax

THE GOOD NEWS & THE BAD NEWS

The Good News is that the Tax Cuts & Jobs Act (TCJA) is an overall TAX CUT for All Americans, Rich, Poor or the Middle Class. Working Middle Class Americans benefit most. This is especially true for business and/or property owners who Qualify for Sec 199A’s special 20% deduction. The Qualified Income Deduction comes off …

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We Must Reconcile

I know how to RECONCILE A BANK ACCOUNT. I am a CPA. We reconcile a bank account to be sure the balance is right and to prove the cash is still there. We do it by comparing the Bank Statement to the Check Book and the Books of the operation. The Bank Account Reconciliation is …

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