Archive

28Jan2016

Join Our Team

  Are you a CPA looking for a new experience? We may have an opportunity for you. Click here  or go to our website to learn more –  www.wfhorne-co.com/careers.
  • 28 Jan, 2016
  • Jacqueline Cran
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25Jan2016

IRS Announces 2016 Standard Mileage Rates

Article Highlights: 2016 standard mileage rates Business, charitable, medical and moving rates Switching between the actual expense and the standard mileage rate methods Special allowances for SUVs As it does every year, the Internal Revenue Service recently announced the inflation- adjusted 2016 standard mileage rates used to calculate the deductible costs of operating an automobile
  • 25 Jan, 2016
  • Jacqueline Cran
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21Jan2016

Traditional IRA to Roth IRA Conversions

Article Highlights: Conversion Timing Why Convert? When to Convert? Undoing A Conversion Issues to Consider Before Making the Decision The tax provision that allows taxpayers to convert a Traditional IRA to a Roth IRA is a great tax-planning tool when used properly, and TIMING IS EVERYTHING. To make a conversion, you must pay income taxes
  • 21 Jan, 2016
  • Jacqueline Cran
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17Jan2016

IRS Reports a Date Error on the Recent Identity Protection PIN Letters

Each year the IRS issues special filing numbers – Identity Protection PINs –  that take the place of Social Security Numbers (SSN) for taxpayers whose identity has been compromised or is suspected of being compromised. The purpose is to prevent ID thieves from being able to use stolen SSNs to file fraudulent returns. The IRS
  • 17 Jan, 2016
  • Jacqueline Cran
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12Jan2016

Form 1099 Filing Date Just Around the Corner

Article Highlights: Independent Contractors 1099 Filing Requirement Due Dates Penalties Form W-9 and 1099 Worksheet If you operate a business and engage the services of an individual (independent contractor) other than one who meets the definition of an employee and you pay him or her $600 or more for the calendar year, you are required
  • 12 Jan, 2016
  • Jacqueline Cran
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10Jan2016

January Tax Due Dates

January Individual Tax Due Dates January 15 – Individual Estimated Tax Payment Due -  It’s time to make your fourth quarter estimated tax installment payment for the 2015 tax year. January 15 – Farmers & Fishermen Estimated Tax Payment Due -  If you are a farmer or fisherman whose gross income for 2014 or 2015 is two-thirds
  • 10 Jan, 2016
  • Jacqueline Cran
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07Jan2016

Trust Fund Penalty – Are You At Risk?

Article Highlights: Withholding Trust Funds Trust Fund Penalty Responsible Persons Misapplication of Trust Funds When an employer withholds Social Security and income taxes from an employee, those funds are the property of the government, and the employer must hold those funds in “trust” until the funds are turned over to the government. Failure to do
  • 7 Jan, 2016
  • Jacqueline Cran
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04Jan2016

6 Steps to Get Your Business Startup on Track

It’s easy to think about starting a business and consider the success or horror stories, but what about the average startups? The hard and bleak reality is that the majority of small business startups fail. So, to avoid being like the average startup, you need to create a plan for success. 1. Choose the Right Entity
  • 4 Jan, 2016
  • Jacqueline Cran
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