How AI is Revolutionizing Accounting in 2024
AI is transforming the accounting industry in 2024, leading to faster, more accurate processes that reduce manual effort and increase efficiency. Businesses are now using AI tools to streamline tasks, analyze data, and make more informed financial decisions. Let’s explore some key ways AI is revolutionizing accounting this year. Automating Repetitive Tasks One of the […]
Top Accounting Trends to Watch in 2024
Accounting is changing quickly, and businesses need to keep up with the latest trends to stay competitive. In 2024, several key shifts in the accounting world will impact how companies manage their finances. Automation, sustainability, and new technologies are at the forefront, pushing the industry in new directions. Automation Leading the Way One of the […]
The Standard Tax Deduction in 2018
A huge change that was a result of the 2018 tax bill was that the personal exemption was eliminated. That doesn’t mean you have to panic. There was a sharp increase to the standard deduction – nearly doubling the standard deduction from 2017. What is the standard deduction? The IRS allows you to take the […]
Important Dates for 2018/2019 Tax Filings
Important Dates for 2018/2019 Tax Filings Every year, Americans start to scramble to gather everything they need and file their taxes and meet every deadline. Be aware of all of the important dates and deadlines ahead of time so when filing your 2018 income tax return you are prepared, and keep in mind the dates […]
Taxable Income & Nontaxable Income
Taxable Income & Nontaxable Income You can reduce your tax liability by knowing what to claim as taxable and nontaxable income. Consider income to be all money that increases your wealth – wages, salary, interest, tips, commissions etc. There is very little that is nontaxable, and anything that is will be specifically listed by the […]
You Probably Need These Expense Documents
You Probably Need These Expense Documents When Filing Your 2018 Taxes To get the most out of your tax return in 2019, it is important to know what expenses may be deductible. Not all of the deductions available to you are provided by a third-party reporting source, so it is up to you to maintain […]
2018 Tax Document Checklist
2018 Tax Document Checklist The best way to avoid the stress of filing your taxes is being prepared ahead of time. It is possibly the most involved part, but gathering the necessary documentation prior to filing will make it (almost) painless! Here is your 2018 tax document checklist, this information will help make filing a […]
Major Tax Changes in 2018
[siteorigin_widget class=”WP_Widget_Media_Image”][/siteorigin_widget] Major Tax Changes in 2018 Tax season is quickly approaching and we understand that for many it can be overwhelming and intimidating. At National Business Concepts, Inc. we also know that if you do not know your numbers, you can’t grow your numbers. Our goal is to keep you informed, and with all […]