07 Jun Tax Season 2019 Completed
The 2019 Tax Season wrapped up on April 15th and this year we were met with the new changes from the Tax Cuts and Jobs Act of 2017. Numerous changes were made and some of you may have noticed the extra pages in your return for the revamped Form 1040. Some returns had less calculations with the increased Standard Deduction, while other returns had up to twice as much work with new tax rates, child tax credits and new deductions for small businesses. We were on our toes throughout the season reviewing new IRS guidelines being presented on the new deductions and penalty waivers for under withholdings.
Once tax season was completed, we said goodbye to an employee who has been with us for 5 ½ years. Alyssa Scher left to take a job with the Huntington Community School system to be able to spend more time with her family. We are sad to see her leave the firm but understand her decision when tax season is a long 3 ½ months with a lot of hours. Alyssa helped prepare payroll filings, completed monthly and quarterly bookkeeping, assisted in trust, estate and gift tax returns and also completed individual and business tax returns.
This tax season we had two interns with us and we are happy to announce that we have hired one of them to work with us full time going forward. Blake Gray, a Warren, Indiana resident, will be working with us full time upon graduation from Huntington University. Some of you have likely already had the privilege of having conversations with him as he jumped right in assisting with the quarterly payroll filings. He will be handling bookkeeping, payroll and fiscal year tax return preparation during the summer. Blake did a fantastic job during tax season, and we are eager to work with him in the years to come. Blake plans to sit for the CPA exam this summer and fall.