Will You Qualify for the New Pass-Through Deduction? 

Is your rental real estate activity being treated as a trade or business in order to claim the 20% Qualified Business Income Deduction? If so, be sure that Forms 1099 are being filed for all required recipients. To read more about this compliance requirement, click here
 
For additional information and answers to your questions, please contact Mike Vogel, CPA at mvogel@hsccpa.com or 800.880.7800 ext 1358 or Kathy Ettensohn, CPA at kettensohn@hsccpa.com or 800-880-7800 ext. 1384. 
U.S. Department of Labor Issues Final Overtime Rule   

The U.S. Department of Labor announced a final rule to make 1.3 million American workers eligible for overtime pay under the Fair Labor Standards Act (FLSA).

"For the first time in over 15 years, America's workers will have an update to overtime regulations that will put overtime pay into the pockets of more than a million working Americans," Acting U.S. Secretary of Labor Patrick Pizzella said. "This rule brings a commonsense approach that offers consistency and certainty for employers as well as clarity and prosperity for American workers."

To read the full article with more information,  click here.

If you have any questions regarding the overtime rule, please contact Matt Folz at mfolz@hsccpca.com or 812-491-1391.
2019 Year-End Tax Considerations for Businesses
 
Almost two years have passed since the signing of the Tax Cuts and Jobs Act (TCJA). However, the related guidance and revisions came much later after TCJA took effect. As we receive additional information and regulations related to the TCJA, it is important to be aware of how these changes might affect year-end planning for 2019 and the future. Click here for more information.

For any questions, please contact John Rittichier, CPA at jrittichier@hsccpa.com or 800.880.7800 ext. 8484 or Mike Vogel, CPA at mvogel@hsccpa.com or 800.880.7800 ext 1358.
ABOUT
HARDING, SHYMANSKI & COMPANY, P.S.C.
  
Harding, Shymanski & Company, P.S.C. is a public accounting firm with offices in Evansville, Indiana, and Louisville, Kentucky. We are one of the largest accounting firms in Southern Indiana and Kentucky, providing experienced professionals who look beyond the numbers to the heart of complex issues.

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SEE WHAT OUR CLIENTS ARE SAYING...
 
L &D Mail Masters has grown from a small, home based business to a full-service direct marketing provider with over 135 full-time staff members and 188,000 square feet of production and storage space. Through that period of growth, it became apparent that we needed more than just an accounting firm who prepared our taxes...we needed advice.

We have found Harding, Shymanski and Company to be extremely proactive and there to give us advice, even in advance. They are more than just an accounting firm...they are our Trusted Advisor.


Diane Fischer, President, L&D Mail Masters
Disclaimer: The information contained in this email is for general guidance on matters of interest only. The publication does not, and is not intended to provide legal, tax or accounting advice.

Harding, Shymanski & Company, P.S.C.
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