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Insights

We’re hiring for a full time Administrative Assistant

May 31, 2018

We’re hiring for a full time Administrative Assistant with flexible hours. If you know someone who would be a great fit for our growing company, share the opportunity and contact us to learn more!    

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Wage Earners Submit Your New W-4 Now Or Pay the Consequences (Read On)

Jan 31, 2018

If you have not updated your Form W-4 to provide for changes in the recently passed Tax Cuts and Jobs Act, you could be in for a surprise.  Your previous Form W-4 likely provided for personal exemptions which were eliminated under the new tax law.  A new Form W-4 should be resubmitted to exclude any […]

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New Meals & Entertainment Limitations

Jan 25, 2018

The time to find out expenditures are no longer tax deductible is before the money is spent, not when the receipts are totaled at year end.  To that end, there has been a major change in allowable deductions beginning in 2018 for meals and entertainment expenses.  Tax deductions for all meals have been limited to […]

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New Partnership Rules Streamlined Audit Process (Not Necessarily a Good Thing)

Jan 11, 2018

Tax year 2018 begins a new regime of partnership audit rules, casting off the old TEFRA regime of small and large partnerships in favor of a streamlined audit process.  While this may sound like the type of mind-numbingly technical issue to be ignored, it really isn’t.  Due to some harsh changes in the audit process, […]

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New year, new tax brackets. Here’s where you stand

Jan 4, 2018

It’s now 2018, and a raft of changes to the tax code are in effect – including updates to income tax brackets. The Tax Cuts and Jobs Act, signed into law by President Donald Trump in December, maintains the same seven-bracket structure that was in force previously. However, Congress has tweaked the rates and the […]

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“Harbor Networks has been a client of Paresky & Flitt for 15 years. During that time our business has grown consistently year over year. Dave Lorenzi and the team at Paresky &...
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Greg Bertschmann
Harbor Networks, Inc.