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  • February 4, 2018
  • Porter & Sack, CPAs

IRS issues more guidance on withholding rules for new tax law

Articles

The IRS on Monday issued Notice 2018-14 to provide more guidance on the withholding rules that were changed by P.L. 115-97, known as the Tax Cuts and Jobs Act

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  • January 28, 2018
  • Porter & Sack, CPAs

IRS issues 2018 standard mileage rates

Articles

The optional standard mileage rates for business use of a vehicle will increase slightly in 2018, after decreasing in the two previous years, the IRS announced Thursday (Notice 2018-3)

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  • January 28, 2018
  • Porter & Sack, CPAs

Congress passes tax reform

Articles

The House of Representatives passed H.R. 1, known as the Tax Cuts and Jobs Act, a second time on Wednesday, by a vote of 224–201

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  • December 13, 2016
  • Porter & Sack, CPAs

Standard mileage rates for 2017 are announced

Articles

The optional standard mileage rates for business use of a vehicle will drop slightly in 2017, the second consecutive annual decline, the IRS announced Thursday (Notice 2017-79).

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  • December 30, 2015
  • Porter & Sack, CPAs

Tax Consequences of Borrowing From a Retirement Plan

Articles

Under some circumstances, you can borrow from your retirement account, depending on the type of plan you have. But should you? Only if you are aware of the tax consequences and the implications a loan can have on the future of your retirement funds. This article answers some frequently asked questions about how much you […]

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  • December 30, 2015
  • Porter & Sack, CPAs

What is the Value of Your Business?

Articles

As a business owner, ascertaining the value of your business is important for a variety of reasons, including business succession, estate tax estimates, or qualifying for a loan. (more…)

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