Brady Ware News

Georgia State and Local Tax Updates December 2018

Did you know the state of Georgia has a Taxpayer Bill of Rights? December 14, 2018 The document explains the rights of taxpayers, as well as the obligations of the GA Dept. of Revenue. For example, “You have the right to prompt and accurate responses from the department to questions and requests for tax assistance.”…

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Illinois State and Local Tax Updates December 2018

The prepaid sales tax on motor fuels increases for the first half of 2019 December 14, 2018 The Illinois Department of Revenue has announced that, effective 1/1/19 through 6/30/19, the prepaid sales tax rate on gasoline, gasohol, and other motor fuels will increase to 16¢ per gallon from 15¢ per gallon. The prepaid sales tax…

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IRS Guidance for Parking Expenses for Qualified Transportation Fringes

IRS Guidance for Parking Expenses for Qualified Transportation Fringes By Tracy Haines, CPA Under the Tax Cuts and Jobs Act of 2017, the law regarding the deduction for qualified transportation fringe (QTF) benefits by employers or tax-exempt organizations was changed. Specifically, under the new law, Section 274(a)(4) generally disallows a deduction for expenses related to…

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California State and Local Tax Updates December 2018

Are you curious to know how California tax withholding will change in 2019? December 12, 2018 The CA Employment Development Dept. has released income tax withholding schedules that employers will use to withhold CA tax from 2019 paychecks. You can compare the upcoming schedules to current withholding schedules. The “wage bracket table method” (Method A)…

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New York State and Local Tax Updates December 2018

New York Dept of Taxation and Finance Issues Permanent Rule December 14, 2018 The New York Dept. of Taxation and Finance has issued a permanent rule adopting the NY State and the City of Yonkers withholding tables and other methods. The rule repeals and adds new appendixes, the NY state and City of Yonkers withholding…

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