CERTIFIED PUBLIC ACCOUNTANT
Starting in 2016, the IRS will have the authority to prevent taxpayers who have tax delinquencies from owning a passport. Not only is a passport required for international travel, but in the new year, people who live in certain states may also be required to have a passport to board... Continue reading →
If you don’t want to take on the task of sponsoring an ACA-compliant health package to employees, reimbursing them for all or a portion of medical insurance costs may seem like a win-win compromise. However, there are several reasons that employee health care reimbursement can be a costly mistake. What... Continue reading →
In the interest of simplifying paperwork and record-keeping requirements for small businesses, the IRS raised the safe harbor threshold for deducting specific capital items from $500 to $2500. Specifically, businesses that do not keep an applicable financial statement will be affected by the change. For taxpayers that have an applicable... Continue reading →
Most taxpayers want to know how they can pay less tax. While there are some individuals in certain situations who are able to reduce their taxes with advance planning and diligence, the most universal way to avoid paying unnecessary sums to the IRS is to avoid tax penalties. The following... Continue reading →
In an effort to help employers remain current on their payroll and employment taxes, the IRS has launched the Early Interaction Initiative. The goal of the new program is to more quickly identify employers who have fallen behind on their taxes and reporting responsibilities and to help those employers resolve... Continue reading →
