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December 2018

Eleventh Hour to Renegotiate Expense Reimbursements

Dec 11, 2018

With 2018 ending, employees with significant unreimbursed expenses are almost out of time to renegotiate their expense reimbursement terms.  The Tax Cuts and Jobs Act removed the ability to deduct all miscellaneous expenses subject to a 2% limitation, including unreimbursed employee expenses.  For most taxpayers, this isn’t an important change, but for a small minority, […]

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When Can I Deduct My Home Equity Interest?

Dec 11, 2018

Last year’s Tax Cuts and Jobs Act removed the itemized deduction for home equity interest for 2018 onward.  At first blush this would appear a straightforward prohibition of the deduction for interest on any loan not used for the original purchase of a home.  As with many things in tax, a laymen’s reading of the […]

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“Harbor Networks has been a customer of Paresky & Flitt for almost 20 years now. The team there is proactive, thorough, and has great depth in accounting knowledge with specialists on staff...
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Greg Bertschmann
Harbor Networks, Inc.