Archive

26Sep2016

Are You In Compliance With Your Multi-State Income Tax Filings?

    Article Highlights: Individuals with Multi-State Income Businesses with Nexus In Multiple States Federal Law PL 86-272 Dual Taxation We all know that we must file individual and business entity federal tax returns when specified income thresholds are met, and we will also need to file a return for our resident state if it
  • 26 Sep, 2016
  • Jacqueline Cran
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23Sep2016

Did You Know Gambling Can Increase Your Health Insurance Costs?

    Article Highlights: Adjusted Gross Income Reporting Gambling Winnings Reporting Gambling Losses Netting Gambling Winnings & Losses Premium Tax Credit Game Show Winnings Medicare Premiums   If you are a recreational gambler, there is a quirk in the tax law that can actually cause you to pay more for your health insurance if you
  • 23 Sep, 2016
  • Jacqueline Cran
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19Sep2016

Grandchild IRA Gift Idea

    Article Highlights: IRA Gift Idea Maximum Amount Traditional IRA ROTH IRA Gift Tax Implications If you have a young grandchild, we have a gift suggestion for you that can provide a lasting legacy between you and your grandchild. Many teens and young adults work during the summer months, and the wages they earn
  • 19 Sep, 2016
  • Jacqueline Cran
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15Sep2016

First-Year Deduction Strategies When Starting a New Business

    Article Highlights: Equipment Depreciation & Expensing Opportunities Vehicle Luxury Auto Rules Leasehold Improvement Expense Options Start-Up Cost Elections Organizational Expense Alternatives If you are planning a new business start-up and are incurring some expenses, you probably anticipate deducting those expenses in the first year of the business’s operation. Unfortunately it is a little
  • 15 Sep, 2016
  • Jacqueline Cran
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12Sep2016

Avoid These 4 Common Small Business Accounting Mistakes

      Article Highlights: Reporting employees as independent contractors Not reconciling bank accounts regularly Forgetting to record payments against open invoices Not understanding the differences between cash flow and profit When you decided to open for business, you had a vision for the future. You identified a need and came up with a solution
  • 12 Sep, 2016
  • Jacqueline Cran
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08Sep2016

Back to School? Tax Credits May Help to Pay the Cost!

    Article Highlights: Education Credits American Opportunity Tax Credit Lifetime Learning Credit Qualified Expenses Qualified Educational Institutions 1098-T Now that summer is over, it is time for many young adults to head back to college or university, and it is time for their parents or family members to dig into their pockets to help
  • 8 Sep, 2016
  • Jacqueline Cran
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01Sep2016

September 2016 Tax Due Dates

September 2016 Individual Due Dates September 1 – 2016 Fall and 2017 Tax Planning Contact this office to schedule a consultation appointment. September 12 – Report Tips to Employer If you are an employee who works for tips and received more than $20 in tips during August, you are required to report them to your
  • 1 Sep, 2016
  • Jacqueline Cran
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