News from GLC!

Glickstein
Laval
Carris, P.A.

Profit Margins

2nd Quarter 2018

The shareholders and professionals at Glickstein Laval Carris, P.A. are pleased to provide you with our 2nd Quarter 2018 newsletter. We have all survived tax season and are ready for summer!

We also encourage you to find us on our facebook page for tax tips and check out our website!

Glickstein Laval Carris, P.A.

Additional Links

Our Professionals

Martin R. Glickstein, CPA

mglickstein@glccpa.com

Rodney S. Laval, CPA

rlaval@glccpa.com

W. Neal Carris, CPA

ncarris@glccpa.com

Mary C. Dantuma,

CPA, MST, CGMA

mdantuma@glccpa.com

Bethany K. Lusby, CPA, MST

blusby@glccpa.com

Richard M. Ornstein,

CPA, CGMA

rornstein@glccpa.com

Steven P. Gooden, CPA

sgooden@glccpa.com

Leslie A. Ellis,

CPA, MSA, CGMA

lellis@glccpa.com

Navigating the New Qualified Business Income Deduction

By Bethany K. Lusby, CPA, MST

The tax reform legislation that Congress signed into law on December 22, 2017, was the largest change to the tax system in over 3 decades. The new tax code contains many provisions that will affect individual, estate, and corporate taxpayers. One of those changes includes the Qualified Business Income Deduction, a new tax benefit allowing entrepreneurs, self-employed individuals and investors to deduct 20 percent of their business income. It is an important factor to consider when deciding whether the structure of your business will be a pass-through entity or a C Corporation. In this article, we will explain how the deduction works and examine the fine print.

Understanding your 4883C Letter

By Mary C. Dantuma, CPA, MST, CGMA

We would like to remind our clients to watch for IRS notices and letters. If the IRS received your federal income tax return, but needs more information to verify your identity and process your tax return, they will send you Letter 4883C.

5 Common Mistakes Your Tax Return May Reveal

By Martin R. Glickstein, CPA

What does your tax return say about your financial situation? The paperwork you file each year offers excellent information about how you are managing your money-and the areas where it might be wise to make changes in your financial habits.

Glickstein Laval Carris, P.A.

220 E. Central Parkway, Ste. 1040

Altamonte Springs, FL 32701

Phone 407.645.4775 Fax 407.629.1606

glccpa.com info@glccpa.com