Jen Kritch is an Enrolled Agent (EA).  What is an EA?  An EA is a person who has passed a three-part comprehensive IRS examination covering individual and business tax returns.  EA status is the highest credential the IRS awards.  Individuals who obtain this elite status must complete 72 hours of continuing education courses every three years.  In other words, EA’s are tax code junkies on steroids that are the only federally licensed tax practitioners who specialize in taxation and have unlimited rights to represent taxpayers before the IRS.


Qualified Business Income (QBI) Deduction:

The Qualified Business Income deduction (also called the QBI deduction, pass-through deduction, or section 199A deduction) was created by the 2017 Tax Cuts and Jobs Act (TCJA) and is in effect for tax years 2018 through 2025.  With the QBI deduction, most self-employed taxpayers and small business owners can exclude up to 20% of their qualified business income from federal income tax (but not self-employment tax) whether they itemize or not.  The deduction amount depends on the taxpayer's total taxable income, which includes wages, interest, capital gains (etc.) in addition to income generated by the business. Once the taxable income reaches or exceeds $157,500 ($315,000 if filing jointly), the type of business also comes into play.  At incomes below that level, the deduction is 20% of either taxable income (minus capital gains and dividends) or the QBI, whichever is less.  At higher income levels, the deduction is reduced or eliminated, depending on the nature of the business.

We are a family owned and operated accounting and tax firm located in west Tampa, FL.  We provide a full range of accounting and tax services including corporate, partnership, and individual tax returns, financial statements, full and after-the-fact payroll, sales tax, and payroll tax processing.  We pride ourselves on providing personal attention and treating our clients as family.

First American Financial Services

New 2019 Standard Mileage Rate

Beginning on Jan. 1, 2019, the standard mileage rates for the use of a car (also vans, pickups or panel trucks) will be:

  • 58 cents for every mile of business travel driven, up from 54.5 cents for 2018.
  • 20 cents per mile driven for medical or moving purposes, up from 18 cents for 2018.
  • 14 cents per mile driven in service of charitable organizations, unchanged from 2018.

2019 Tax Information

 The 2019 tax rates themselves are the same as the tax rates in effect for the 2018 tax year: 10%, 12%, 22%, 24%, 32%, 35% and 37%.  (Most of these rates were lowered by the Tax Cuts and Jobs Act of 2017.)  However, as they are every year, the 2019 tax bracket ranges are updated, or "indexed," to account for inflation.

Standard Deductions:

Single $12,200

Married Filing Jointly $24,400

Head of Household $18,350