If you own a business and have a website, the BBB is hosting a great opportunity for you to learn from a Google expert for FREE. This event is open to all business owners in our area.  BBB Accredited Businesses also have an opportunity to use a table to present their business to event attendees.  The tables are FREE and available at a first come first serve basis.  Please contact Terrie Page for more information about reserving a table. More information is on the flyer and anyone attending needs to RSVP to Terrie Page.
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Personal Exemptions and Dependents

Personal exemptions help reduce taxable income.  Most taxpayers can claim one personal exemption for themselves and one for their spouse if they are married.  Personal exemptions may also be claimed for each dependent. Each exemption normally allows a deduction of $4,050 for 2017 tax returns. While each exemption is worth the same amount, different rules apply to each type. Here are five things to remember about exemptions and dependents when filing your 2017 tax return: Claiming Personal Exemptions: On a joint return, taxpayers can claim one exemption for themselves and one for their spouse if they file a joint return.
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2018 Payroll Tax Withholding Tables Are Ready

The Internal Revenue Service updated the income-tax withholding tables for 2018 to reflect changes made by tax reform legislation that was enacted last month.  Employers should begin using the 2018 withholding tables as soon as possible, but not later than Feb. 15, 2018.  Many employees will begin to see increases in their paychecks to reflect the new law in February. The new withholding tables are designed to work with the Forms W-4 that workers have already filed with their employers to claim withholding allowances. This minimizes the burden on taxpayers and employers. Employees do not have to do anything at this time.
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2018 Standard Mileage Rates

2018 standard mileage rates have been announced by the IRS. Beginning on Jan. 1, 2018, the standard mileage rates for the use of a car (also vans, pickups or panel trucks) will be: 54.5 cents for every mile of business travel driven, up 1 cent from the rate for 2017. 18 cents per mile driven for medical or moving purposes, up 1 cent from the rate for 2017. 14 cents per mile driven in service of charitable organizations (unchanged from 2017). The complete announcement and more information can be found here The complete announcement and more information can be found here.  
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Charitable Contributions

Giving Tuesday is November 28th.  If you donate to a charity and want to deduct the contribution, certain criteria must be met. The donation must given to a qualified tax exempt charity and not to individuals, political organizations, or political candidates.  The IRS Exempt Organizations Select Check Tool can be used to see if a charity is tax exempt. If a contribution is deducted, you must file Form 1040 and itemize your deductions on Schedule A of your tax return. If you receive something in return for your donation, you can only deduct the amount of the donation that’s more than the fair market
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