News Articles

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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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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