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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
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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
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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
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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
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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
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On September 23, 2014

7 Insurance Policies You Can’t Go Without

Insurance is like a life jacket—you are so thankful you have it when you need it. And if you don’t have it, you are one car wreck, illness or house fire away from drowning—not in the ocean, but in debt. It’s sort of funny that, as important as insurance is, no one likes to talk
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On September 9, 2014

10 Numbers That Will Revolutionize Your Budget

We’re here to talk numbers. Wait! Come back! These aren’t chalkboard-squeaking, SAT-sweating, pencil-breaking numbers. These are fun numbers. You know the ones that show themselves on bills and bank accounts, the ones that make you wealthy. These are the numbers of the budget. For 20 years, Dave’s class Financial Peace University (FPU) has taught families
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On June 2, 2014

New accounting rules on revenue recognition

Thursday, 29th May 2014 INDUSTRY From 2017 investors will be able to compare more easily how much companies from all parts of the world earn, under the first common global revenue rule. The FASB and IASB have published a joint standard on how companies report revenue from contracts with customers. The amount of revenue recognised
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On June 2, 2014

Supreme Court to hear Maryland v. Wynne tax case

Wednesday, 28th May 2014 TAX The Supreme Court announced yesterday it will hear Maryland v. Wynne, a case that reportedly could result in the revision of tax laws across the country. The case is based on the extent to which a state may tax income earned by a resident in another state; at present Maryland
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