Dannible & McKee, LLP is pleased to present the February issue of our Tax & Business Alert

Contrary to popular belief, no federal law prohibits multiple states from collecting tax on the same income. This article raises some important points to keep in mind for those who maintain residences in more than one state (or may soon do so). A sidebar looks at some ways an individual can establish domicile in a new state.
You've Got Time: Small Businesses Can Still Set up a 2018 SEP Plan
Simplified Employee Pension (SEP) plans can be flexible and simple vehicles that small businesses can use to offer retirement benefits to employees. This article explains how they work and reminds readers that there's still time to set one up to benefit on a 2018 income tax return.

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Fewer Taxpayers to Qualify for Home Office Deduction

Working from home has become commonplace in many industries but, beginning with the 2018 tax year, fewer taxpayers will qualify for the home office deduction. This article explains why and how to claim the deduction if you're among the fortunate who are eligible to do so.

Throwing Snowballs at Your Mountain of Debt

Many people start the year intending to get out of debt, yet end the year owing just as much, if not more. This brief article explores a debt-reduction approach called "throwing snowballs," which involved organizing debts from the lowest to highest balance and knocking them down one by one. 

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Featured Article from Our Experts

 
Many times Form 5500s can be overlooked or forgotten about by plan administrators which can lead to Department of Labor fines. Audit p artner  Joseph Chemotti CPA, CCIFP  answers 4 important questions regarding Form 5500 filings. 

 
 
About Dannible & McKee, LLP
 
Dannible & McKee, LLP has been providing audit, tax, accounting and financial management consulting services to clients nationwide since 1978.  Throughout this forty-year history, we have been wholly dedicated to the success of our clients. Every aspect of our business has been guided by our values and our commitment to putting each client's interests first. In a complex profession, we have found our greatest rewards in the simplicity of helping good people prosper. Delivering confidence in every financial decision is our goal for our clients and it's also the most significant way we can contribute to their long-term success.

 
To learn more about Dannible & McKee, visit us at: www.dmcpas.com

Dannible & McKee, LLP | reachus@dmcpas.com  | (315) 472-9127 | www.dmcpas.com
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