Posts by elitecpas
IRS allows a “mulligan” on Obamacare penalties
Occasionally IRS will surprise you and do something that actually makes common sense for our small business clients.
Read MoreHow to E-Sign your individual tax return
How to E-Sign your individual tax return
Read MoreMyths about Taxable Income
My Social Security benefits aren’t taxable. Depending on the amount of other income that a taxpayer has to report, their benefits may be taxable – but the maximum amount of Social Security benefits that must be included is 85 percent. I don’t need to report stock sales if I bought other stocks with the proceeds.…
Read MoreRepair Expenses
New IRS regs add time and expense to every business’ depreciation calculation.
Read MoreWhat happens if the Net Neutrality law is approved.
Fairness and neutrality sure sound like good ideas, but when they’re administrated by Washington – here’s what’s likely to happen:
Read MoreMinimum Wage Changes for 2014
Here’s an update on the changes in the Minimum Wage amounts for the coming year.
Read MoreWhy tax year 2014 requires more work
In March, 2010. President Obama signed the Affordable Care Act. One provision of the Act required that in 2014 all Americans must have qualified health insurance or face a “Shared Responsibility Payment,” more commonly known as the Health Care Penalty. A lesser known amendment to the Act allowed insurance providers and large employers a one-year…
Read MoreOut with the old – in with the new mileage rates
It’s easy to forget about the business use of your personal car. Here’s how to calculate this deduction for all your business miles.
Read MoreWorking outside the USA? Don’t forget about these IRS requirements!
You may still have to file a tax return if you live outside the United States and maintain your US citizenship.
Read MoreWhile you’re struggling with your budget . . .
We thought you’d like to know some of the things Washington is doing with your money.
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