News Articles

09

March

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Individuals Can Start Filing Taxes January 30 : January 30 Starts the 2013 Tax Filing Season

January 30 Starts the 2013 Tax Filing Season   Beginning Wednesday, Janurary 30, individuals can start filing their 2012 taxes.  However, the IRS has announced delays for returns that contain more than 30 other forms, because the forms must be updated and systems for processing them tested.  A date will be announced when returns containing … Continued

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09

March

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2012 Taxpayer Relief Act Summary

2012 Taxpayer Relief Act Summary The 2012 Taxpayer Relief Act prevents many of the tax hikes that were scheduled to go into effect this year and retain many favorable tax breaks that were scheduled to expire. However, it also increases income taxes for some high-income individuals and slightly increases transfer tax rates. Highlights of the … Continued

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09

March

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Businesses to Provide Health Care Benefits Information : Provide Health Care Benefits Information on W-2

Businesses to Provide Health Care Benefits Information Under the Patient Protection and Affordable Care Act, employers that sponsor group health plans, along with their insurers, must provide health plan participants and beneficiaries with clear and understandable information about their plans so that they can make informed decisions when choosing coverage. Below, we discuss what this new … Continued

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09

March

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2012 Year-End Tax Planning Checklists for Business Owners : End of the Year Tax Planning Tips for Business Owners

2012 Year-End Tax Planning Checklists for Business Owners If your business is incorporated, consider taking money out of the business by way of a stock redemption if you are in the position to do so. The buy-back of the stock may yield long-term capital gain or a dividend, depending on a variety of factors. But … Continued

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09

March

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2012 Year-End Tax Planning Checklist for Individuals

2012 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. Keep in mind that beginning next year, the maximum contribution to a health FSA will be $2,500. And don’t forget that you … Continued

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