June 2016 - Heintzelman Accounting Services

HSA Contribution Limits for 2017

by Heintzelman Accounting Services | Jun 29, 2016 | Blog, Taxes

The IRS recently announced the inflation-adjusted contribution limits for health savings accounts (HSAs) for 2017. HSAs combine high-deductible health insurance plans with a medical savings account. You make tax-deductible deposits into the savings account, and later...

Summer Day Care Expenses Can Add Up To A Tax Credit

by Heintzelman Accounting Services | Jun 22, 2016 | Blog, Taxes

Did you know that you can claim a federal income tax credit when you pay someone to care for your kids while you’re at work or school? The Child and Dependent Care Credit is valuable because it reduces the amount of tax you owe dollar-for-dollar. Here’s an...

What You Need To Know About Hiring Seasonal Workers

by Heintzelman Accounting Services | Jun 15, 2016 | Blog, Business Tips

If summertime is a busy time for your business, you may be ready to hire seasonal workers. Here are tax rules to keep in mind. ● Affordable Care Act exception. When you employ 50 or more full-time employees, you’re considered a “large employer” and...

New Overtime Rules Finalized

by Heintzelman Accounting Services | Jun 8, 2016 | Blog, Business Tips, News

The Department of Labor has published a Final Rule to the Fair Labor Standards Act on overtime pay protections for EAP (executive, administrative, professional) employees. The ruling changes the “exemptions to overtime pay” threshold on these salaried employees. The...

Second Estimate Tax Payment Due

by Heintzelman Accounting Services | Jun 8, 2016 | Blog, Taxes

Review and pay your 2016 individual estimated tax before June 15. That’s the due date for making the second payment.

HSA Contribution Limits for 2017

Summer Day Care Expenses Can Add Up To A Tax Credit

What You Need To Know About Hiring Seasonal Workers

New Overtime Rules Finalized

Second Estimate Tax Payment Due

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