Mike D'Avolio, CPA, JD, is tax law specialist and staff program manager, ProConnect Group, Intuit. He is a customer and employee instructor, customer and government liaison, and a public relations representative.
September 2, 2019
Employers and employees in the service industries that involve tipping need to comply with a unique set of tax rules. Like wages, you must pay income tax, Social Security tax and Medicare tax on tip income.
May 22, 2019
Tax professionals should be up to speed with the rules and offer advice to clients and prospects who are nearing retirement and the age of 65. The following article explores the various Medicare plans and enrollment, how Medicare interacts with other ...
September 10, 2018
Tax professionals can develop their skills and present themselves to clients and prospects as generalists, specialists in certain industries or a blend of the two. It’s never too late to educate yourself and catch up with the tax (and accounting) requirements in certain industries, such as commercial fishing. The following article discusses some general principles...…
July 25, 2018
The Tax Cuts and Jobs Act was signed into law on December 22, 2017 and represents the most extensive tax reform legislation we’ve seen in 30 years. These sweeping tax law changes impact many taxpayers, including individuals, businesses, estates and ...
May 21, 2018
Employers serve an important role in preparing themselves and employees for retirement and the accompanying tax deferrals. After all, offering retirement benefits is a great way to attract and retain good talent. Here is some information you can pass ...
May 9, 2018
The Tax Cuts and Jobs Act (summary of changes) is the largest piece of tax reform legislation in 30 years and was signed into law on December 22, 2017. Although most of the legislation applies to Tax Year 2018, clients are already starting to ask ...
March 23, 2018
The Changing Landscape for Homeowners The recently passed Tax Reform Law (2017 Tax Cuts and Jobs Act) was signed into law on December 22, 2017 and it overhauls the Internal Revenue Code and provides broad tax relief to workers, families and businesses of all sizes. There is also bucket of Extender Provisions...…
November 30, 2017
Although there are close to 1 million accountants nationwide, only about 40 percent of them have credentials and have to meet continuing education requirements, such as a CPA (Certified Public Accountant), EA (Enrolled Agent) or attorney.
September 26, 2017
College debt can range from several, to hundreds of thousands of dollars, so students and parents can always use some guidance in the best ways to manage the loans and save money. This presents a great opportunity for tax professionals to provide ...
August 15, 2017
We all know a college education is very expensive, and costs are continuing to escalate. According to College Board’s Trends in College Pricing, the average full-time student at a four-year, non-profit private university will pay $32,410 a year in ...
