Employers scrambling to send health care-related tax forms to their employees by February 1 now have more time to do so, according to an IRS announcement earlier this week. The…
1099 Reporting Requirements
As the calendar year draws to a close there are a number of important tax-related housekeeping items that require an employer’s attention. Chief among these is Form 1099 reporting, which…
IRS Expands New Opportunity to Write-Off Asset Purchases
Businesses are now able to take an immediate tax deduction for all tangible assets they acquire which individually cost less than $2,500. This is a significant taxpayer-friendly change announced last…
What You Need to Know about Child Care Tax Deductions
Any working mom or dad with young children understands the impact of child care on the family budget. The good news is that you may qualify for a tax deduction…
Why You Can’t Afford to Ignore Estate Planning
Mention estate planning to the average individual and you will likely hear one of these common refrains: “I’m too young to think about this.” “I don’t have enough assets to…
