TAX CUTS AND JOBS ACT: Comparison Chart of Current Law vs. New Law

HMV in the Community – United Way’s Day of Caring

HMV’s Tax Department divided and conquered on Friday, May 12th for United Way’s Day of Caring. This one day, community-wide volunteer event connected over 500 volunteers from more than 45 local companies with various nonprofit organizations. Our employees...
TAX CUTS AND JOBS ACT: Comparison Chart of Current Law vs. New Law

Financial Abuse of the Elderly

According to a recent article by the AICPA, it is estimated that one in ten elderly people in North America have been victims of financial abuse.  This abuse has resulted in more than $2.9 billion in yearly financial losses.  Due to the changing demographics in North...
TAX CUTS AND JOBS ACT: Comparison Chart of Current Law vs. New Law

Not-For-Profit Organizations – What to Provide Your CPA

Most tax exempt organizations have an annual filing requirement with the Internal Revenue Service. The amount of information your tax preparer will need depends on the organization’s filing responsibility. A tax exempt organization is required to file one of the...
TAX CUTS AND JOBS ACT: Comparison Chart of Current Law vs. New Law

Pease Limitation

The Pease Limitation was enacted in 1991 and is names after Donald Pease, former Representative of Ohio. Its purpose was to limit certain itemized deductions of high income earners. Once your Adjusted Gross Income (AGI) crosses a specified dollar threshold, certain...