Tax and Financial Advice For Families and Small Business in the Kansas City Area Looking for Someone to Trust

Alliance Financial & Income Tax is a income tax and financial services business located in Blue Springs, MO. Our team of experienced Enrolled Agents offer a broad range of services for business owners, executives, and independent professionals. Alliance Financial prides itself on our affordable, experienced, and friendly services including: 

Financial Services     Income Tax Preparation     Business Tax Preparation      Retirement Strategies 

* Investment Strategies      Debt Freedom Coaching      Tax Problem Assistance      Tax Planning for Big Savings

We understand that individuals face unique tax and financial challenges. We can help take the mystery out of preparing for today and tomorrow. Whether you are investing to build wealth, protecting your family, or preserving your assets, our personalized services focuses on your needs, wants, and long-term goals.

Our team of professionals have years of experience in tax and financial services. We can help you address your needs of today and for many years to come. 

Call today for an initial consultation. The sooner you call, the sooner our financial professionals can get started evaluating your financial situation and saving your hard earned money.  We look forward to working with you.

Videos help taxpayers learn more about tax reform

The IRS has several videos that can help individual and business taxpayers learn more about the tax reform legislation. The IRS posts these videos on the IRS Video Portal and to their YouTube channel. Aside from these sites, the IRS offers tax reform information on its other social media channels, such as Twitter and their new Instagramaccount. Taxpayers can visit the Multimedia Center on IRS.gov for links to all the agency’s social media sites.

Here are some of the tax reform videos taxpayers can watch on their computer or on their smartphone when they’re on the go.

IRS Video Portal

The IRS produces and posts videos to post on the Video Portal. These videos can help individual and business taxpayers better understand how the tax reform law affects them and their taxes.

• Tax Reform Basics for the Qualified Business Income Deduction, 199A
  This webinar provides an overview of who will be eligible for the new tax reform provisions of the Qualified Business Income Deduction under Section 199A. It also shows calculations and basics for reporting.
  
• Tax Reform Basics for Employers
  This provides an overview of tax reform changes for employers. Topics covered include changes to employer credit for family and medical leave, employee achievement awards, and qualified transportation fringe benefits.
  
• Tax Reform Basics for Individuals and Families
  Addresses tax reform changes that affect individual taxpayers. Topics include standard deductions, personal exemptions, itemized deductions, and the child tax credit.
  
• Understanding How to Use the IRS Withholding Calculator to Check & Correct Withholding 
  This video explains why many taxpayers may need to change their withholding. It also helps tax professionals understand how to use the IRS withholding calculator to help taxpayers change their withholding.

IRS YouTube Channel

These videos are all in English, with several also being offered in Spanish and American Sign Language.

• Paycheck Checkup: English | Spanish | ASL
  Taxpayers can watch this video to find out why they should do a Paycheck Checkup after tax reform legislation changed how much tax is taken out of individuals’ paychecks.
  
• IRS Withholding Calculator Tips: English | Spanish | ASL
  This video gives taxpayers tips for using the calculator, including what documents to have on hand before starting their Paycheck Checkup.
  
• Paid Family and Medical Leave:  English
  If employers provide paid family and medical leave for their employees, they may be eligible for a tax credit. This video has more information about this credit.

The Dave Ramsey Show (2-11-19)

Did You Sell Stocks, Real Estate Or Other Assets This Year?

When preparing your tax return these transactions receive special treatment and may require some extra tax appointment preparation. These include the following covered in this video.
 



Mike Mead, EA, CTC
Alliance Financial & Income Tax
807 NW Vesper Street
Blue Springs, MO. 64015
P - 816-220-2001 x201 
F - 816-220-2012
AFITOnline.com


Who is Alliance Financial & Income Tax

Find out how tax reform affects your businesses' bottom line at IRS.gov

Business may find they have questions about how 2017’s tax reform legislation affects their organization and their bottom line. IRS.gov is a great place to find answers. Here are several resources on the IRS website that address tax reform.

Tax reform provisions that affect businesses
This is the main page for businesses. Users can link from this page out to more resources with additional information, which is organized in sections by topic. These sections include a plain language description and links to news releases, notices and other technical guidance. Here are a few of the main tax topics on this page and the subtopics highlighted in each section:

• Income: taxation of foreign income, carried interest, and like-kind exchanges
• Deductions and depreciation: fringe benefits, moving expenses, standard mileage rates, deduction for passthrough businesses, and business interest expenses
• Credits: employer credit for paid family and medical leave, and the rehabilitation tax credit
• Taxes: blended federal income tax and withholding
• Accounting method changes
• Opportunity zones

This page also includes information for specific industries, such as farming, insurance companies, and aircraft management services.

Tax Reform Small Business Initiative
This one-stop shop highlights important tax reform topics for small businesses. From this page, users can link to several additional resources.

Tax reform resources
From this page, people can link to helpful products including news releases, tax reform tax tips, revenue procedures, fact sheets, FAQs and drop-in articles. Organizations can share these materials including the drop-in articles with employees, customers and volunteers to help them better understand tax reform.

Tax Cuts and Jobs Act: A comparison for businesses
This side-by-side comparison can help businesses understand the changes the new law made to previous law. It will help businesses then make decisions and plan accordingly. It covers changes to deductions, depreciation, expensing, tax credits, and other tax items that affect businesses.

Tax reform: What’s new for your business 
This electronic publication covers many of the TCJA provisions that are important for small and medium-sized businesses, their owners, and tax professionals to understand. This concise publication includes sections about:

• Qualified business income deduction
• Depreciation: Section 168 and 179 modifications
• Business-related losses, exclusions and deductions
• Business credits
• Corporate tax provisions
• S corporations
• Farm provisions

Income Tax Preparation Done Right

Your Grain Valley tax preparation needs are as individual as you are. Alliance Financial & Income Tax takes an active approach to our tax planning and tax preparation services, giving you the personalized guidance you need. Today's tax laws are so complicated that filing taxes, no matter how simple, can quickly become confusing.

10 million tax payers missed out on a chance to receive a bigger refund last year simply because they neglected to fill out one line on their tax return. Will you miss a similar opportunity this year?

Today's tax laws are increasingly complicated and the rules for deductions and credits change year by year. Are you aware of all the deductions and credits that might be available to you this year, even on the most basic of tax returns? Perhaps you feel secure in your do-it-yourself tax preparation software, but lets face it...There is not substitute for an experienced Enrolled Agent who can answer your questions and ask you the questions that might be key to saving you hundreds or even thousands in tax dollars.

Schedule an appointment today by calling 816-220-2001 or by visiting www.afit-calendar.info.

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