Message from Paul Pittman: Less Is More
Happy New Year! Can you believe 2022 has arrived? The older I get, the more shocked I am when a new year arrives at our doorstep. Where did the last one go? How could 365 days feel like a blink? With each passing year, my desire to pull up the flaps on time to slow […]
Do You Qualify for the Employee Retention Credit?
In Congress’ ongoing attempt to help businesses recover from the pandemic’s economic impact, the 2020 Cares Act created the Employee Retention Credit (ERC). Through further legislation in 2021, Congress extended the ERC to include the third quarter of 2021 and the qualification standards were relaxed considerably. It is possible that your business could qualify for […]
2021 End of Year Tax Updates
As we continue to fight through the challenges related to COVID and life in general, it is our hope that we can reduce some of your stress as it relates to income taxes. As we all know, the tax laws are ever-changing and that has been especially true in 2020 and 2021. The following are […]
There Are Still Many Questions Regarding the Qualified Business Income Deduction
Section 199A deduction also known as the Qualified Business Income Deduction (QBID) was created by the 2017 Tax Cuts & Jobs Act. This new code section is a significant tax break for qualifying small business owners. However, this 20% deduction, is saddled with exclusions, phase-outs, technical issues, and uncertainties that may limit business owners the […]
A Summary of the 2018 Tax Law Changes
[vc_row][vc_column][vc_column_text]The recently passed Tax Cut and Jobs Act was based on three over-arching themes: simplification, tax reduction and job creation. The simplification of the tax code is more readily apparent within the individual provisions as opposed to the business provisions. However, the Act reduces tax rates for both individuals and C corporations. Congress feel that […]
A Message From Paul Pittman: Life Lessons
The time where I, like many others, take time to reflect upon the past year has arrived. Reviewing my accomplishments and shortcomings gives me a moment to appreciate the gifts life has given me, and the things I would like to improve upon in the next year. During my refection this year, I thought about […]
Independent Contractor vs Employee Classifications
Regardless of your field of employment, the classification of whether an individual is an independent contractor vs employee will determine which laws of the Internal Revenue Code and the Fair Labor Standard Act (FLSA) are applicable to your company and the people you work with. Understanding the factors that determine the definition of that relationship […]
Pittman PC is Hiring a Full-Time Tax Accountant
Description: Pittman PC is an Indianapolis firm providing legal and accounting services to small businesses, entrepreneurs and private individuals. Our team is comprised of experienced professionals with diverse areas of expertise. We are committed to our clients, our team and their families, and our community. We are looking for a genuine person with a proven […]
Make Estate Planning a Part of Your Life Planning
With life these days being busy, hectic and more complicated than ever, I find myself working harder to simplify and remove stress whenever possible. My wife Marci and I are working on decluttering our house room by room – a daunting task, but gratifying for us both. We are also trying to be intentional about […]
A Word from Paul Pittman: On Confidence
There are many different definitions of confidence, but I recently ran across one that resonated with me: “A belief in oneself arising from one’s appreciation of one’s own abilities or qualities.” To appreciate your own abilities and qualities requires knowing yourself. I believe this self-knowledge and appreciation of who you are – this confidence – […]