by | Jan 9, 2015 | Current Affairs, Income Taxes, ObamaCare, Personal financial planning
I have received tons of questions from clients, friends, and families about how much the ObamaCare penalties are. I am seeing an amount of confusion and worry unsurpassed by any other tax law change in my memory. So let’s start with the basics. The...
by | Nov 18, 2014 | Income Taxes
Say Goodbye to Top Tax Breaks in 2014 (Maybe?) Unless Congress acts on a new “extenders” tax bill in 2014, as many as 55 tax breaks expired as of the end of 2013. I...
by | Nov 17, 2014 | Income Taxes, Small Business Owners
Can Those Cable TV Advertisers Really Eliminate My Tax Problems? Every year I hear this question many times from taxpayers who are behind on their taxes. It’s understandable—the IRS has scared them, and...
by | Sep 23, 2014 | Income Taxes, Small Business Owners
Win Big With a Solo 401(k) A client's business finally started to make money after many lean years. He didn’t want to spend it all on taxes, and he needed to fund his retirement plan heavily to catch up for the years he couldn’t contribute. Enter...
by | Sep 17, 2014 | Income Taxes
The tax credit for paying for health insurance for your employees is increasing significantly this year. The top credit rises to 50 percent for employee coverage bought from an exchange or the average group exchange premium for other small businesses in your...
by | Sep 8, 2014 | Cost Cutting, Income Taxes
My daughter earned about $500 for part-time work this summer. Will she have to file a tax return? She should if the company treated her as an employee. If they instead treated her as an independent contractor, she will not even receive a 1099. The...
