SK CPAs & Business Advisors PLLC | Personal & Business Financial Plann...

SK CPAs. Stitely & Karstetter offers Small Business Tax Services in Northern VA. For Small Business Accounting Services, and Small...

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Skcpas.com news digest

  • 5 years

    The Tax Lady and the New Child Tax Credit

    Exciting News About the Tax Lady (and the new Child Tax Credit)
    The Grim Reaper and I are excited to announce that we are expecting our first child!  To those of you whispering that my enlarged belly results from gluttony and lack of exercise, well that’s just hurtful and wrong.  We are expecting a bouncing baby...

  • 5 years

    IRS Guidance on Businesses that Qualify for New Deduction

    New IRS Guidance on the Businesses that Qualify for the New 20% Pass Through Deduction
    I don’t often enjoy plane rides, especially when I’ve been downgraded out of first class and end up in BWI instead of Dulles (American Airlines sucks).  However, one redeeming aspect of the miserable flight was the opportunity to read the IRS guidance...

  • 5 years

    New Tax Law Goodies for Individuals

    In our last post, the Grim Reaper made us painfully aware of the bad parts of the new tax law for individuals.  Since our obligation to him from that unfortunate lawsuit is done, we can move on to the goodies in the new tax law for individuals.
    First, tax rates for most people are going down by 3%.  For the top tax bracket, rates are only going down 2.6% from 39.6% to 37%.  This is my favorite change to the new law, because it benefits almost everyone.  Not only are the rates going down, but...

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Updated: September 12, 2023
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Created: October 08, 1996

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