by Joan Buchman Miller | Dec 18, 2017 | Uncategorized
Preparing to end the payroll year Whether you prepare payroll in-house or outsource the task, there are a few end of year items that should be completed. Update employee contact information: Make sure that you have correct and complete social security numbers and...
by Joan Buchman Miller | Dec 11, 2017 | Uncategorized
Year-End Tax Planning for Individuals …Higher-income earners must be wary of the 3.8% surtax on certain unearned income. The surtax is 3.8% of the lesser of: (1) net investment income (NII), or (2) the excess of modified adjusted gross income (MAGI) over a...
by Joan Buchman Miller | Nov 6, 2017 | Uncategorized
Tax-related identity theft. Each filing season we have a few taxpayers who have the unfortunate situation of having their e-filed return rejected because a return has already been filed using their social security number. Unfortunately, we expect the trend to...
by Joan Buchman Miller | Oct 30, 2017 | Uncategorized
It seems like nearly every week the news warns us of a new identity theft or financial fraud scam. There are several schemes currently ciruculating with fraudsters impersonating IRS representatives. Straight from the IRS website, here are a few scams you need to...
by Joan Buchman Miller | Jul 31, 2017 | Uncategorized
Deductions for business meals and entertainment expenses require you to jump through a couple extra hoops to qualify as deductible and they may be subject to limitations. Nevertheless, if you pay careful attention to rules outlined below, the expenses should qualify...
by Joan Buchman Miller | Jul 25, 2017 | depreciaion, income tax, Uncategorized
The IRS limits the annual depreciation and expensing deductions for the majority of automobiles to specific dollar amounts. These amounts are inflation-adjusted each year. For autos (not trucks or vans) first placed in service during 2017, the dollar limit for the...
