Mary Anne has been the Accounting and Administrative Assistant in the Frankenmuth office since 2001. She worked for Jim Schauman, CPA, prior to Norton Accounting purchasing the practice in January, 2013. Mary Anne provides accounting and payroll services for clients, as well as receptionist duties. During “Tax Season” she also assembles tax returns and co-ordinates filings.
Mary Anne has been a porcelain artist since childhood and recently began the art of glass fusing. In addition to selling her work, she also teaches. Mary Anne serves as an Officer and on the Board of Directors for various non-profit organizations. She and her husband, Steve, have a son and a daughter, both married, who live out of the area.
I am writing to inform you of a significant new tax deduction taking effect in 2018 under the new tax law. It should provide a substantial tax benefit to individuals with "qualified business income" from a partnership, S corporation, LLC, or sole proprietorship. This income is sometimes referred to as "pass-through" income.
The deduction is 20% of your "qualified...
The year is quickly drawing to a close, but there’s still time to take steps to reduce your 2017 tax liability — you just must act by December 31
1. Pay your 2017 property tax bill that’s due in early 2018.
2. Make your January 1 mortgage payment.
3. Incur deductible medical expenses (if your deductible medical expenses for the year already exceed the...
With kids back in school, it’s a good time for parents (and grandparents) to think about college funding. One option, which can be especially beneficial if the children in question still have many years until they’ll be starting their higher education, is a Section 529 plan. Tax-deferred compounding 529 plans are generally state-sponsored, and the savings-plan option offers the...