Tax – JAMES HAMLIN & CO., P.C.

Category: Tax

IL & WI Will Require Sales Tax Collection by Internet Sellers

Posted on September 14, 2018 by Amy Bloomgren

Illinois and Wisconsin, along with 28 other states are acting to pass laws or regulations to require sales tax collection by remote sellers now or in the immediate future. Wisconsin Department of Revenue has announced that it will require sales...Read More

Wisconsin Sales Tax Holiday – August 1-5, 2018

Posted on July 17, 2018 by Amy Bloomgren

WHAT IS A SALES TAX HOLIDAY? A sales tax holiday is a temporary exemption period where sales of certain items are exempt from Wisconsin sales and use tax. The five-day temporary exemption period will begin on Wednesday, August 1, 2018,...Read More

Child Sales Tax Rebate

Posted on May 16, 2018 by Amy Bloomgren

The Wisconsin Department of Revenue is offering a $100 (per child) sales tax rebate for dependent children. Sound fiscal management and a strong economy have resulted in a state budget surplus of almost $400 million for the state of Wisconsin....Read More

IRS Warns on ‘Dirty Dozen’ Tax Scams

Posted on March 29, 2018 by Amy Bloomgren

With just over two weeks away until Tax Day, the Internal Revenue Service (IRS) is encouraging taxpayers to remain vigilant about the aggressive and evolving tax scams seen throughout the year. The IRS has issued its annual "Dirty Dozen" list...Read More

IRS Launches New W-4 & Withholding Calculator

Posted on March 5, 2018March 5, 2018 by Amy Bloomgren

By now employers should be using the updated income-tax withholding tables for 2018 which reflects changes made by the tax reform legislation. The marital status chosen on the W-4 will determine how much income tax will be withheld. Personal exemptions...Read More

Meals and Entertainment Changes Under Tax Reform

Posted on February 7, 2018 by Amy Bloomgren

The Tax Cuts and Job Act (TCJA) enacted extensive changes to the deductibility of meals and entertainment expenses for companies. If you are in the business of entertaining your clients and customers, you will want to know about these...Read More

Updated 2018 Withholding Tables – Taxpayers Could See Paycheck Changes by February

Posted on January 18, 2018January 19, 2018 by Amy Bloomgren

The Internal Revenue Service released Notice 1036 on January 11, 2018. The notice updated the income-tax withholding tables for 2018 which reflects changes made by the tax reform legislation enacted last month. This is a first in a series of steps that...Read More

Lake County Victims May Qualify for a Flood Tax Credit

Posted on November 29, 2017 by Amy Bloomgren

Many home and business owners are still struggling to restore their property after suffering through the historic flooding in summer of 2017. Fortunately, there is some relief on the way. Homeowners and small businesses in Lake and 17 other counties impacted by the...Read More

Newly Revised Employment Verification Form

Posted on August 22, 2017August 22, 2017 by Amy Bloomgren

In December of 2016 we learned the United States Citizenship and Immigration Services ("USCIS") announced the release of a newly revised Employment Verification Form, Form 1-9. Employers were asked to begin using the newly revised Form I-9 as of January 22,...Read More

Tax Payment Options to the IRS

Posted on April 12, 2017 by Amy Bloomgren

If you owe taxes to the IRS, your payment must be received by the due date, even if you apply for more time to file. Failure to pay on-time will result in penalties and interest. This year, the tax deadline...Read More