Tax Issues for Retirement
Whether you’re still building your business or you’re firmly established and looking ahead to the next phase, it’s a good idea to be informed about retirement so you can best…
Taxes
What to Expect from the PATH Act
Have you sat down with your CPA to discuss the tax provisions resulting from the passage of the Protecting Americans from Tax Hikes (PATH) Act in 2015? This includes many…
Employee vs. Independent Contractor: Do You Know the Difference?
Taxes, Your Business, IRS Tips
Whether your workers are considered employees or independent contractors will carry significant legal ramifications. With respect to the IRS, ACA (Affordable Care Act), and Department of Labor, it is necessary…
IRS Extends Filing Deadline for Work Opportunity Tax Credit
Employers wishing to take advantage of the work opportunity tax credit (WOTC) will be pleased to know they have more time to file the necessary paperwork. Earlier this month, the…
How to Keep Your Refund and Identity Safe During Tax Season
Every year people are being robbed of millions of dollars, they aren’t being held up at gun point, and they often don’t even know it’s happening. Though federal agencies are…
Information on Important New Tax Legislation
On December 18th, 2015, the Consolidated Appropriations Act of 2016 was passed through Congress. Shortly after, President Obama signed the bill into law, making a wide range of tax extenders…
IRS Raises Tangible Property Expensing Threshold
A recent IRS announcement stated that it will raise the deductible amount from $500 to $2,500 for purchases of tangible property by taxpayers without applicable financial statements. After receiving more…
Tax Tips for Retirees
When you turn 65, the way you file taxes changes. Consequently, it may not be a bad idea to brush up tax policy to see how you can benefit from…
2016’s Top Tax Issues
Fall is officially here, which means the next tax season is just around the corner! Keeping that in mind, here’s a list of regulatory and legislative developments, tax issues, and…
Keep Track of Your Miscellaneous Deductions
Miscellaneous deductions can reduce your tax liability. These may include certain expenses you incurred at your job if you are an employee. You must itemize deductions when you file to…