THE ACCOUNTANT'S CORNER

On Friday, December 22, 2017, the "Tax Cuts and Jobs Act" was signed into law by President Trump. Most of these provisions go into law January 1, 2018. We have put together a side-by-side comparison of current law and the "Tax Cuts and Jobs Act" changes. There are numerous tax planning issues facing both individuals and business owners.
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Now that Uber and Lyft are here in Key West, they will need local drivers. These drivers will be able to take certain tax deductions based on being an Uber driver. Some of the more common ones are:
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H.R. 3823, the “Disaster Tax Relief . . . Act of 2017” gives tax relief to victims of Hurricane Irma. Here are some of the ways that this Act does this.
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Some recent tax deduction changes make 2017 a great year for charitable giving. Here are ways to donate that also give you a tax deduction.
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LOBSTER SEASON IN FLORIDA
Lobster season in Florida can be beneficial to local businesses in more than one way. This article covers a few tips to help your business get the most from this bump in island visits.
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