Year-end tax legislation renews extenders, cuts IRS funding Eleventh-hour votes in Congress in December renewed a package of tax extenders for 2014, created new savings accounts for individuals with disabilities, cut the IRS’ budget, and more. At the same time, the votes helped to set the stage for the 114th Congress that convenes this month.....
Affordable Care Act worries… did you hire more than 10 Employees in 2015? According to the IRS Tax Tips News letter. If you are an Applicable Large Employer (ALE), here are five things to know: Applicable large employers have annual reporting responsibilities. You will need to provide the IRS and employees information returns concerning whether and....
If you had to take a snapshot of 2017, what would be in the frame? It might sound cheesy, but we suggest you take a few minutes to sit down, in the quiet, and actually write down what happened last year – the things might be big or small, they might be obvious to everyone....
It would be nice to live in a bubble and believe we had no competition, but we’re realists – we understand that this is the point in the year when you’re trying to decide whether to try to do your taxes yourself or hire a professional. Allow us to humbly put forward a few of....
Working out of a home office is prime real estate for tax deductions. As long as you use a portion of your home solely for business, we’ll be able to deduct chunks of your home costs as business expenses. We’ll need to see your mortgage interest receipts, utility bills, etc. Did you paint your office....
Childcare: employees need to find it, and employers want their employees to be able to get reliable providers. If your business pays childcare costs for your employees, you very well may be eligible to receive a valuable tax credit on your business taxes (up to 25% of what you pay). This one truly can be....
Not paying your taxes (and then not attempting to reach an agreement with the IRS about said overdue taxes) puts you in danger of a levy being issued. This can affect everything you own – from your retirement accounts to receivables to the property you own. Once a levy is in place, it can be....
Ever wondered where most people trip up when preparing their taxes? Which details are all too easy to miss? We talk to many people who have tried to do their taxes themselves but found that they missed an important form here or vital detail there. When it comes to the sort of tax code we’re....
As we say ‘Thank You’ to those who have served in our armed forces, many of our business clients have found those very veterans to be valuable employees. The IRS offers business tax credits for those small businesses that hire veterans who have experienced unemployment or have a disability related to their service. Keep this....
We’re reflecting today on the caliber of people we get to call “our” clients. We’re grateful that you would trust us with such important pieces of your business and success.