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Archive for December 2014

On December 12, 2014

Recently Married or Divorced Taxpayers

Newlyweds and the recently divorced should ensure the name on their tax return matches the name registered with the Social Security Administration (SSA). A mismatch could unexpectedly increase a tax bill or reduce the size of any refund. For recently married taxpayers, the tax scenario begins when the bride says “I do.” If she takes
On December 12, 2014

Five Tips for Year-End Gifts to Charity

1. Qualified charities. You can only deduct gifts you give to qualified charities. Give us a call if you’re not sure if the group you give to is a qualified organization. Remember that you can deduct donations you give to churches, synagogues, temples, mosques and government agencies. 2. Monetary donations. Gifts of money include those
On December 12, 2014

2014 Business Tax Provisions

Whether you file as a corporation or sole proprietor here’s what business owners need to know about tax change for 2014. The standard mileage rates in 2014 are as follows: 56 cents per business mile driven, 23.5 cents per mile driven for medical or moving purposes, and 14 cents per mile driven in service of
On December 12, 2014

2014 Individual Tax Provisions

Personal Exemptions The personal and dependent exemption for tax year 2014 is $3,950. Standard Deductions The standard deduction for married couples filing a joint return in 2014 is $12,400. For singles and married individuals filing separately, it is $6,200, and for heads of household the deduction is $9,100. There is an additional standard deduction for
On December 12, 2014

LABOR LAW POSTER

December 12, 2014 Dear Client: As we have previously reported to you there is an annual requirement to post an up to date Labor Laws Poster if you have any employees. There are fines and citations that apply for not complying with the law. In the pass we have taken orders and pre-ordered them through