Tax News

With a new year comes tax law changes.  One of the biggest changes this year are the due dates of important tax forms.  The following forms have new dates: [list type=”disc” position=”left”] W-2s are due to the employee and government agency on January 31, whether filing paper or electronically. Tax News

We are writing to inform you of a recently enacted update to the tangible personal property regulations.  As you are aware, these regulations went into effect for tax years beginning on or after January 1, 2014, and provided for a de minimis safe harbor election that permitted taxpayers Tax News

We wanted to re-share an article from the November 2015 Tax & Business Alert that was posted on our website and mailed out to our clients last month. This article concerns the Employer Shared Responsibilities (ESR) provisions found in the Affordable Care Act.  Business owners need to be aware Affordable Care Act

We are writing to let you know about an important development that will affect every business, including yours. The IRS has issued long-awaited regulations on the tax treatment of amounts paid to acquire, produce, or improve tangible property. The regulations explain when those payments can be deducted, which confers an Tax News

1099-MISC, Miscellaneous Income, must be mailed by January 31, 2014 to each person a company has paid during the course of business in 2013.  A person subject to 1099 reporting is defined as an individual who is a U.S. citizen or U.S. resident alien, a partnership or association created or Tax News

IRS has announced that the optional mileage allowance for owned or leased autos (including vans, pickups or panel trucks) will decrease by 0.5¢ to 56¢ per mile for business travel after 2013. This rate can also be used by employers to reimburse employees tax-free under an accountable plan who supply Tax News