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IRS Clarifies Home Equity Interest Deduction

February 22, 2018 An Information Release announced yesterday from the IRS provided clarification about a recent law change affecting the deductibility of interest on home equity debt. The Tax Cuts and Jobs Act…

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Employers Beware: Companies Experiencing Employee Paycheck Phishing Scams

‘Employers beware: Companies are experiencing a wave of phishing scams that target employee paychecks. Here is the scenario: An employee receives from a company email account e-mail that mimics a familiar and trusted…

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Tax Season: Compiling Receipts And Tax Documents

January 16, 2018 As tax season approaches, the rush to compile needed receipts and tax documents can be overwhelming. Taking extra time to organize these documents upfront can save you the trouble of…

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Last-Minute Tax Moves

December 28, 2017 In addition to the usual things that can be done by year-end to reduce income tax obligations (e.g. making additional charitable contributions), last week’s Federal tax legislation provides a couple…

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Congress Passes New Tax Law Legislation: Business Provisions

December 22, 2017 On December 20, Congress passed the Tax Cuts and Jobs Act, and President Trump signed it into law on December 22. The bill represents the most significant Federal new tax…

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Congress Passes Federal Tax Legislation: Individual Provisions

December 22, 2017 On December 20, Congress passed the Tax Cuts and Jobs Act, and President Trump signed it into law on December 22. The bill represents the most significant Federal tax law…

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Individual Year-End Tax Planning

December 2017 Johnson Price Sprinkle PA (JPS) accounting firm realizes every year there are subtle changes to our personal lives or to the tax laws that make year-end tax planning a challenge. If…

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Where Are We In The Tax Reform Process?

Johnson Price Sprinkle PA (JPS) accounting firm provides a quick update on where we are in the tax reform process. JPS is a sixty-year-old firm serving small to middle market businesses with tax,…

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Where Do We Stand On Tax Reform?

November 22, 2017 There has been a lot of activity on tax reform in the past few weeks.  Johnson Price Sprinkle PA, an accounting firm with offices in Asheville, Boone and Marion, NC,…

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JPS Summary of Significant Provisions in the New Tax Bill

The much-anticipated tax reform bill was released November 2, 2017 by the House Committee on Ways and Means. The Bill is 429 pages long and referred to as H.R. 1 Tax Cuts and…

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