News Articles

09

March

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Year-End Tax Planning 2013 Checklists for Businesses and Business Owners

Year-End Tax Planning 2013 Checklists for Business Owners Businesses should consider making expenditures that qualify for the business property expensing option. For tax years beginning in 2013, the expensing limit is $500,000 and the investment ceiling limit is $2,000,000. And a limited amount of expensing may be claimed for qualified real property. However, unless Congress … Continued

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09

March

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2013 Year-End Tax Planning Checklists for Individuals

2013 Year-End Tax Planning Checklists for Individuals Increase the amount you set aside for next year in your employer’s health flexible spending account (FSA) if you set aside too little for this year. If you become eligible to make health savings account (HSA) contributions in December of this year, you can make a full year’s … Continued

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09

March

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IRS Announces 2014 Mileage Rates

IRS Announces 2014 Mileage Rates On December 6, 2013, the IRS announced the standard 2014 mileage rates. Taxpayers can use the optional standard mileage rates to calculate the deductible costs of operating an automobile for business, charitable, medical or moving purposes. Beginning on January 1, 2014, the standard mileage rates are: For business use of an … Continued

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09

March

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EIN Information Updates to be Submitted on Form 8822-B

Update Your EIN Information with Form 8822-B Back in May 2013, the IRS revised its regulations that require all taxpayers with employer identification numbers (EIN) to update their information with the IRS. EINs are issued by the IRS to basically all businesses, governmental entities and certain individuals for tax filing & reporting. The IRS has … Continued

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09

March

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Alexander Thompson Arnold CPAs Announces Nashville Office, Welcomes Goldstein Sacks to ATA Team

Alexander Thompson Arnold CPAs Announces Nashville Office, Merger with Goldstein/Sacks & Associates, P.C.   Larry Sacks and the Goldstein/Sacks & Associates team have been providing professional accounting services for more than 25 years. The Nashville-based firm started a new chapter on November 1, 2013 when it merged with Alexander Thompson Arnold CPAs, the eighth largest … Continued

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