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The updated 2018 tax bill signed into law in December has many people worried about how the changes will impact them. Among a host of changes, the bill increases the standard deduction, expands the Child Tax Credit, removes the “marriage penalty” for most individuals, limits the deduction for state and local taxes, and changes the rules on deducting mortgage interest, charitable donations, and medical expenses. The new tax bill also lowers tax rates for most corporations and for many individuals, and changes how pass-through income earned by owners of sole proprietorships, LLCs, and S corporations, is handled (different limits apply to professional services business owners).
Lexington, NC – E. Drew Nelson, an Associate at Brinkley Walser Stoner, was elected to serve a one-year term as Vice President of District Bar 22B, covering Davidson and Davie Counties, and one of 45 Judicial District Bars in North Carolina.
“I am excited to become more involved in a leadership role with our local District Bar,” says Nelson. “While most people assume there is a single bar association for each state, attorneys must be members of their local District Bar to remain active and retain their license. The District Bars assume a different role than the state bar associations. I am pleased to become more involved in supporting the judicial process behind the scenes.”
In the December issue of the BWS Update: Staying safe at home, while shopping, and on the road; the 2017 Running of the Balls benefits Second Harvest Food Bank; Pastor’s Pantry fights senior hunger; and BWS hours for Christmas and New Years.
We are well into the peak holiday season, with Thanksgiving behind us and Christmas and New Year’s ahead. While for most people this is a joyous and fun time of year filled with family, friends and celebration, it can also be a time for a little caution. Here are some holiday safety tips from our team.
Safety on the Road and Traveling
Driving during holiday periods can be more dangerous than normal. Drivers may be in a hurry or be distracted, or there may be ice and snow on the roads.