Integrity Business Services, LLC

04/15/2023

12/17/2021

Just made our annual contribution to a group that does loads for american veterans and/or first responders. If you don't know what "Tunnel to Towers Foundation" is all about, take a minute to look it up. Great stuff happening there. 🥳 Salute !!!!

06/08/2021

To all our accounting, payroll, and income tax clients: thanks very much for your patience as we work through a very difficult tax season. We returned home later than expected from vacationing in Charleston, Colleen had minor surgery, I had a minor heart attack, and now she has another surgery set for Thursday. A couple people have gotten upset because of the delay in processing tax work, but 99% of the time, our 400+ clients have been absolutely wonderful and very understanding. And even with delays, we have 6 new clients (5 personal tax and 1 business) who were referred to us this year.
Thank you, Thank you, Thank you one and all. 🤗

12/11/2020

We were given a wonderful opportunity to spend the winter in Charleston, SC. So we packed up the office, and a few personal things, and we are now located 15 minutes from Folly Beach. Back to KY in March, but for now all of our Accounting, Payroll, and Tax work is being completed on time and in a sunny place. Should be 70 degrees today! Thanks to all 400+ clients for allowing this to happen. Maybe one day, it will be permanent. 🎉🍍🏖 ☀️

12/11/2018

We have been so blessed with another fantastic year. This little adventure, that began 35 years ago, has grown to 430 clients in 14 states. And it couldn't have happened without your referrals and kind words. So thank you, thank you, thank you ! Happy Holidays, Merry Christmas, and Happy Festivus to all !

08/30/2018

Earlier today, we wrapped up our 400th return for tax year 2017. More to get to, but had to take a minute to say "THANK YOU for all your referrals" !!!!

08/21/2018

With the new 2018 tax laws come many changes. You likely already know the standard deduction doubles. The IRS expects the number of taxpayers who use the standard deduction, and don't itemize, will jump to almost 80%. But for those who will still use Schedule A to itemize, some deductions will be limited, and others have been completely eliminated. We highly recommend you get with your tax professional to do some year-end planning soon. Knowing ahead of time what to expect is surely worth a couple hours of your day.

04/12/2018

268 corporate, partnership, trust, and personal tax returns behind us..... about another 150 to go. Best Q1 in the history of our company. Thank you, Thank you, Thank you for all your referrals!!!!

03/25/2018

Important update for 2018 tax planning : most everyone has heard that the standard deduction will be doubling. Great news, since about 70% of tax filers use the standard deduction (and don't itemize). But if you read the tax bill a little more closely, you'll see the $4k deduction for each person on your return is eliminated. Yep. As of today, it is gone. Congress may change that later in the year, but for now, gone.

What does that mean to a family of 4? Well, if mom and dad file a joint return, and take the standard deduction, they used to deduct $12k for being a married couple + 4 x $4k (since there are 4 people on their return) = $28k of income that is not taxed. When that couple files their 2018 return, they will take $24k standard deduction as a married couple + nothing = $24k. Looks like they'll be paying tax on a little more income.

There are tax credits, which are MUCH BETTER than deductions, that will increase. Any dependent child under 17 will bring a tax credit of $2k. In 2017, it was half that.

Small business owners, remember under most circumstances, 20% of your 2018 profits are eliminated by the new tax law. And the tax brackets are lower for everyone.

It's always important to do some tax planning, but especially for 2018 when there are so many changes that effect just about every tax payer. :-)