The safe harbor threshold for small businesses deducting certain capital items has increased from $500 to $2,500. This needs to be understood and incorporated into any strategy used for structuring how to deduct tangible property Continue reading How to Deduct Tangible Property
Can you point your company in the direction of financial success, step on the gas, and then sit back and wait to arrive at your destination?
Not quite. You can’t let your business run on autopilot and Continue reading Make Your Company a Financial Success
Congress finally took action in late December and passed a tax extender bill formally known as the Protecting Americans from Tax Hikes Act of 2015 (PATH), which was then signed Continue reading 10 Tax Breaks for Tax Year 2015
2016 Retirement Contribution Limits
The Internal Revenue Service has announced cost of living adjustments affecting dollar limitations for pension plans and other retirement-related items for tax Continue reading 2016 Retirement Contribution Limits
All employers – Give your employees their copies of Form W-2 for 2015 by February 1, 2016. If an employee agreed to receive Form W-2 electronically, post it on a website accessible to the employee and notify the employee of the Continue reading January 2016 Tax Calendar
Eligible employees should begin planning now to take full advantage of their employer’s health flexible spending accounts (FSA) during 2016.
Flexible Spending Accounts provide Continue reading Health Flexible Spending Accounts in 2016
If you hire someone for a long-term, full-time project or a series of projects that are likely to last for an extended period, you must pay special attention to the difference between an Continue reading Employee or Independent Contractor?
Whether you file as a corporation or sole proprietor here’s our 2015 Business Tax Review containing what business owners need to know about tax changes for 2015.
Continue reading 2015 Business Tax Review
From tax credits and educational expenses to the AMT, many of the tax changes affecting individuals for 2015 were related to the signing of the American Taxpayer Relief Act (ATRA) in 2012–tax provisions that were modified, made Continue reading 2015 Tax Review for Individuals
Employees who work for tips – If you received $20 or more in tips during November, report them to your employer. You can Continue reading December 2015 Tax Calendar
