Hecht & Associates, P.C.

02/18/2020

IRS proposes rules to update income tax withholding, revises Form W-4

The IRS proposed new regulations for withholding on individuals’ wages to reflect the statutory changes in the law known as the Tax Cuts and Jobs Act, including the elimination of the personal exemption.

02/17/2020

2020 Federal Budget Proposal Extends Key Tax Provisions

HomeTax2020 Federal Budget Proposal Extends Key Tax ProvisionsBy Ken Berry, J.D. - CPA Practice Advisor Tax CorrespondentFeb 13th, 2020On February 10, 2020, President Trump unveiled his budget proposals for the 2021 fiscal year. Among other noteworthy items, including more resources being funneled t...

02/14/2020

You gain strength, courage, and confidence by every experience in which you really stop to look fear in the face. You are able to say to yourself, 'I lived through this horror. I can take the next thing that comes along.' Eleanor Roosevelt

02/13/2020

Find out what you can and can’t claim as itemized deductions on your federal tax return.

Find out what you can and can’t claim as itemized deductions on your federal tax return. For more information, go to https://www.irs.gov and search “itemized...

02/12/2020

FASB proposes changes to not-for-profits’ reporting of gifts-in-kind

The Proposed ASU would require not-for-profits to present contributed nonfinancial assets as a separate line item in the statement of activities.

02/10/2020

You Still Have Time to Save on Your Taxes

Start now to take advantage of all of the tax breaks available to you.

02/07/2020

2020 IRS Income Tax Refund Schedule: When Will You Get Your Refund?

Despite the stereotype of people hating doing their taxes, for millions of taxpayers, tax season means getting a refund. But there's no reason to get a refund loan or similar services, which often include steep fees, since most taxpayers can ...