News Articles

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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09

March

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Phillip Creswell Named Partner With ATA

Phillip Creswell Named Partner with Alexander Thompson Arnold CPAs Al Creswell and the team at Alexander Thompson Arnold, PLLC CPAs are pleased to announce that Phillip Creswell has been named partner with the firm. You are invited to join the celebration at a Christmas Open House and Reception honoring Phillip and Katie Creswell on December … Continued

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09

March

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IRS Announces 2013 Mileage Rates : IRS Mileage Rate Increases for 2013

IRS Announces 2013 Mileage Rates On November 21, 2012, the IRS announced the standard mileage rates for 2013. 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, 2013, the standard mileage rates are: For business use of … Continued

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09

March

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Eldridge Appointed to Tennessee State Board of Accountancy : Gov. Haslam Appoints Eldridge to 3 Year Term

Stephen Eldridge Appointed to the Tennessee State Board of Accountancy Tennessee Governor Bill Haslam has appointed Stephen Eldridge, CPA, CISA, CITP, CGEIT, CRISC, to a three-year term as a member of the Tennessee State Board of Accountancy. Eldridge is a partner at Alexander Thompson Arnold CPAs. The Tennessee State Board of Accountancy is part of the Department of … Continued

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09

March

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New W-2 Reporting Requirement : Healthcare Cost Reporting Required on W-2s

HEALTHCARE COST REPORTING REQUIRED ON W-2S Beginning with the W-2s issued in January 2013 (i.e., W-2s issued for the 2012 calendar year), large employers must report to employees the cost of their employer-sponsored group health plan coverage on the employee’s W-2 in box 12. This reporting to the IRS is for informational purposes only and … Continued

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