CityView Magazine

Discover CityViewNC.com's fresh updated look! | 11 Drive forty years prior, getting ready to don my high school graduation gown. Mom was in the kitchen spinning the dial on the first-generation microwave oven, dutifully satiating my hunger in my first moments home from school in the waning days of my senior year. She began to speak of how soon I would be leaving for Davidson College and what it would be like for my little brother and my dad and her to live in that big house with two of the three boys gone and the clock ticking on brother John's final departure. I remembered one of those little sayings from somewhere that had stuck in my mind. With less compassion and empathy than the years would eventually bring, I repeated it for Mom, just before the timer wheel dinged: "A mother's job is to be le." e cardinal cracked her seeds in solitude. Little Red was no doubt flitting about close by. He would come back to her regularly... for a while. And then he would be a part of the flock universal with his own priorities and without regard for where his mom was every hour. On all of those graduation announcements were the smiling faces of those brightly feathered ones joining the flock universal. And just off from the border of the cards were the unseen parents in their understated, russet- colored garments faded a bit by time; the ones who had fed and watered and warmed the graduates as hatchlings. Hoose sidled up next to me in his customary greeting, his arm around the middle of my back and his hand on my off-side bicep. We watched the feeder for just a moment before speaking further. "e baby is not there anymore," he said, in a voice that was deep in timbre and confident in delivery. I looked deeply into his eyes. "No, son. He surely is not." A mother's job is to be le. A dad's too. McFadyen & Sumner, CPAs PA Certied Public Accountants 572 Executive Place, Fayetteville, NC • 910.323.3100 www.mscpas.com • facebook.com/mcfadyensumner If you're a small business owner, you may be wondering how you can use this new Tax Reform provision. The short answer: It's complicated and you should get help! Some things to consider: • Small businesses structured as sole proprietors, S corporations and partnerships can deduct up to 20% of their qualified business income, but that percentage can be reduced if your taxable income reaches $157,500 ($315,000 for married, filing jointly). • The amount of the reduction depends partly on the wages paid and property acquired by your business during the year. • Certain service industries including health, law, consulting, athletics, financial services and accounting are treated differently. The IRS is expected to issue more clarification on how these rules are applied. If you would like to know how this new deduction affects you, as well as other ways to save on your taxes, contact our firm at 910-323-3100. As a leading edge CPA firm, McFadyen & Sumner offers a full range of accounting, tax and financial services to help you get the most from your business for your family. Hoping to Use the New 20% Small Business Deduction?

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