March 18, 2015

Change in Tax Treatment of Health Insurance Reimbursements

In the past, you may have chosen to reimburse your employees for health insurance premiums instead of establishing a group health insurance plan. Those payments were […]
March 11, 2015

Consider a Buy-Sell Agreement for your Business

If your business is owned by two or more persons, a buy-sell agreement is one of the most important legal documents your business can have. This […]
March 4, 2015

April 1 Retirement Distribution Deadline

You may be approaching an important deadline if you have retirement accounts and you turned 70½ last year. Generally, you must begin withdrawing money from tax-favored […]
February 25, 2015

Electronic Refunds Limited

The IRS announced that, as part of its efforts to curb fraud and identity theft, it will no longer directly deposit more than three electronic refunds […]
February 18, 2015

Phone Scams During Tax Season

Warning: Watch out for aggressive phone scams again this tax season The Treasury Inspector General for Taxpayer Administration (TIGTA) is warning taxpayers about one particular category […]
February 11, 2015

Elect S Corporation Status by March 16

If you own a small business, you have until March 16, 2015, to choose S corporation status for this year. In order to become an S […]
February 5, 2015

Qualifications for Health Insurance Exemption

If you didn’t have health insurance in 2014 or the insurance you had did not meet minimum requirements, you may have to pay a penalty on […]
January 28, 2015

Every New Business Needs A Record System

Many small start-up businesses are off and running before any record system has been set up. There is money deposited into the new business checking account, […]
January 21, 2015

Not all “Income” is Taxable

There are several sources of revenue that are not subject to income tax. Here are the most common sources of money that are not taxed on […]