Our Blog

Tips on S Corporation Compensation

December 27, 2012

The IRS continues to challenge S Corporation shareholders regarding proper methods for paying themselves. That said, it’s critical that your S Corporation structure is set up appropriately and that compensation is paid and reported correctly. For example, in a recent court appeal case, an attorney was slapped with penalties and interest after failing to remit payroll taxes for his...

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Tis the “Season of Giving”… Holiday Tax Tips for You

December 18, 2012

It’s year end already, and with it comes the race to get ready for tax season. Traditionally, December marks a time for giving generously to charities, family, and friends. It’s also a time that can have a major impact on your upcoming tax return. But fear not, we’ve compiled a few helpful “Season of Giving” tips for you (courtesy of the IRS), covering everything from charity...

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After-election Tax Implications... What to Expect in 2013

November 22, 2012

With the election behind us, we now have a much clearer picture of how taxes will be affected in 2013 and beyond. With this insight, we can better help our clients create strategic, fiscally responsible tax programs for the coming year.

Under the Obama administration, the objective is to maintain the old tax rates for taxpayers with adjusted gross income below $250,000. (The old tax...

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Changes to Your Client Portal…What You Need to Know

October 26, 2012

You may have already noticed some changes to your personal portal. To ensure that you are able to continue to easily navigate within your portal, we’ve compiled the following list that explains recent core enhancements.

What you will see when you log in:

  • A more streamlined look and feel offers more direct access to your documents and other frequently used home...

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Key Tips for Using Social Media Effectively in Your Small Business

October 16, 2012

First and foremost, it’s important to understand that social media is not one size fits all. Every small business is different and will have different social media needs. For example, some may be looking to acquire new clients while others may want to use social media channels to strengthen customer relationships or educate their audience.

No matter the reason, social media is a...

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Jumpstarting Innovation in Your Business

October 1, 2012

To ensure success, it’s important to consistently evaluate your business and identify possible areas for enhancement. Of course, because you are an integral part of daily operations, it’s sometimes hard to visualize what enhancements may be needed or to come up with that next BIG idea.

With this in mind, we want to provide you with a few tips to help jumpstart innovation in...

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Real Time Collaboration… Paperless… What’s Not to Love?

September 17, 2012

With year end fast approaching, it’s a good time to slip in another push for portals. We understand the immense value online access offers, and we just want to be sure that you do too. First and foremost, portals support immediate, real-time exchange of data and documents, which translates into ultimate convenience for our clients. Your information is always at your fingertips, 24/7…when...

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The End of Summer Means Year End is that Much Closer...

September 1, 2012

Summer is coming to a close, and the end of summer is a good time to start thinking about getting your tax information together. Before you know it, year end will be here, which can leave you scrambling to get organized. Starting a little early will help ensure that you are prepared—avoiding the all-too-familiar last minute cram session that can cause disruption and stress in your personal...

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How Might ObamaCare Affect Your 2013 Year Taxes?

August 17, 2012

The effects of the new healthcare law are different for individuals and business. We’ve compiled the following information for you and provided a succinct explanation of specific changes. This list is certainly not all-inclusive, so please contact our firm for more detail and to inquire how ObamaCare might affect your 2013 year taxes.

For...

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Why Portals Make Sense for Clients

July 31, 2012

Portals are everywhere. When you access your financial portfolio or bank account, you are using portals. Online access to information is critical these days, allowing instant access to data and documents when you need them—the ultimate in convenience.

At our firm, we also want to provide our clients with the convenience of web-based access, which is why we offer our advanced and...

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Summer Tax Tip: Special Benefits for Armed Forces Personnel

July 19, 2012

Because military personnel have unique challenges in relation to duties, expenses, and transitions, the IRS offers active members of the U.S. Armed Forces special tax benefits. The following are a few of these benefits of which you may not be aware:

  1. Moving Expenses—If you are a member of the Armed Forces on active duty and you move because of a...


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IRA’s for Kids...REALLY?

July 4, 2012

What parent isn’t concerned with their children’s future? And part of this concern relates to ensuring our children’s financial well-being. So, IRA’s for kids? Yes, really! The opportunity for retirement savings begins as soon as kids start to earn money, so why not begin educating them now on saving for their future?

IRA’s, whether traditional or Roth, are available to...

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Need Help Finding Funding?

June 19, 2012

Whether you're trying to grow your current business or have plans to start one, finding the cash needed can be overwhelming. There are many options to consider from traditional bank loans to “crowd funding.”

To help you narrow down the choices, there are a few good online tools to consider:

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Anyone Can Do It Tax Myth Debunked

June 3, 2012

Advertisements for easy-to-use tools and low-cost tax preparation services leave the impression that tax prep and planning can be mastered by novice preparers and those with no tax planning experience. Tax preparation is complex on its own, but planning requires a slew of other skills and adequate experience and education. There is a major difference between tax preparation and tax planning....

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5 Tips for Retaining Your Best Employees

May 18, 2012

Every business owner has at least one employee that they wish they could clone. You know, the one that always clocks in on time, goes the extra mile, and is loved by your customers. Retaining your best employees is simply a smart business move. Turnover is costly on many levels, so it's worth the extra effort to ensure employee satisfaction. The following 5 tips will help you. Your Employees...

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Seven Tips for Early Tax Preparation in 2013

May 3, 2012

The tax deadline may have just passed, but preparing for next year can start right away. Being organized and planning ahead can save you time, money, and the stress associated with scurrying to get organized at the last minute. The following are seven tips offered by the IRS to get you going with your 2013 planning efforts: Adjust Your Withholding—Why wait another year for a big refund? Now...

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Tips for Improving Customer Service

April 20, 2012

There’s never a bad time to improve customer service, but for some reason, spring always feels like the right time. It must be that feeling of renewal. Whatever the reason, we want to offer you a few good tips on how you can elevate service for your customers.Make a Great First Impression—First impressions count…setting the stage for the customer experience. The first impression someone...

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Key Information for Taxpayers Who Owe Money to the IRS

April 2, 2012

While most Americans receive a refund each year from the IRS, there are those who owe and cannot pay the full amount due. For those that find themselves in this situation, the IRS offers alternatives for paying your tax bill. Named the Fresh Start initiative, the IRS developed this program to help individuals and small business meet their tax obligations without adding unnecessary burden. The...

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Avoid Phony Refund Schemes Abusing Popular College Tax Credit - 9 Tips

March 17, 2012

The IRS has provided nine useful tips to help taxpayers avoid an emerging tax scheme. This new scam tempts senior citizens and other taxpayers to file tax returns claiming fraudulent refunds. These schemes promise refunds to people who have little or no income and normally don’t have a tax filing requirement. Promoters claim that they can obtain a tax refund or nonexistent stimulus payment...

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It's a New Brand Day

March 3, 2012

It's a New Brand Day at...

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Congress Passes Full Year Extension of 2% Payroll Tax Cut

March 3, 2012

In February, the U.S. Senate and House of Representatives passed H.R. 3630, the Middle Class Tax Relief and Job Creation Act of 2012 (Tax Relief Act of 2012). The bill was recently signed by President Obama.The Tax Relief Act of 2012 extends through the end of 2012—meaning the reduction in the social security tax rate paid by employees decreases from 6.2% to 4.2% (which was first...

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Taxable or Non-Taxable Income?

February 17, 2012

This is always a key question during tax season. While most income received is taxable and must be reported on your federal income tax return, there are some instances when income may not be taxable. To help you out, the IRS has provided the following list of items that are NOT included as taxable income:Adoption expense reimbursements for qualifying expensesChild support paymentsGifts,...

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Tax Tips for the Self-employed

February 2, 2012

IRS.gov is a great resource for tax tips. And what better time of year to get a few helpful tips than now? The following are six key tips offered by the IRS for the self-employed business owner.There are many benefits that come from being your own boss. If you work for yourself, as an independent contractor, or you carry on a trade or business as a sole proprietor, you are generally...

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Happy New Year – Looking Forward to a Prosperous 2012!

January 5, 2012

We hope that your holidays were both relaxing and joyous! The New Year is here, and with it brings resolutions. Our resolution is to continue to improve client services so that your experience with our firm is always rich. Enhancing our services means many things to us—from upgrades in technology to expanding and enhancing service offerings.Over the past year, we’ve had a steady focus on...

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Reminder to Go Green - Exchange All Docs in Your Portal

December 19, 2011

Now that we are well into the month of December, it’s time to offer another friendly reminder to start getting your tax documents together. It’s also a good time to remind you to use your portals for both uploading your documents and receiving your tax return. Wouldn’t it be great to go completely paperless this year? And you can’t beat the convenience. No dropping off papers or...

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Home Energy Credits Still Available for 2011

December 3, 2011

The IRS recently posted a reminder to homeowners that there is still time this year to make energy-saving and green-energy home improvements and qualify for credit.The first of these credits, termed “The Nonbusiness Energy Property Credit”, is aimed at homeowners who install energy-efficient improvements such as insulation, windows, and furnaces. The credit is more limited than in the...

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The Sun is Setting on Several Big Tax Credits…Are You Eligible?

November 18, 2011

Several key business tax breaks will expire on December 31, 2011. You may be eligible, so we wanted to ensure that you were aware of certain credits before they expire at the year’s end (2011). If you believe you are eligible, contact us to discuss further.Research Credit—offers a credit of up to 20% of qualifying research expenditures, and applies to amounts paid or accrued before...

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Eliminating the terror of tax season

November 4, 2011

First and foremost, we hope everyone had a Happy Halloween. Costumes, cool weather, and loads of candy…what’s better than that? While you may have been concentrated on ghosts, goblins, and more than a few Power Rangers, remember that the end of October means that year-end is coming fast. Very soon you’ll want to begin preparing for tax season to eliminate any possible terror on April...

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Join Us This Tax Season on Team GREEN!

October 20, 2011

Tax season can be overwhelming, especially when you consider all the paper and manual tasks involved. We’ve worked hard in our firm to go paperless—creating a digital filing system that puts clients’ documents at our fingertips…so when you ask, we can send needed files to you immediately.Working with electronic files is far more efficient, so this year we encourage you to provide your...

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Have You Started Getting Ready for Tax Season?

October 5, 2011

It may seem a bit early to ask this question, but trust that tax season will be upon us before you know it. October is just, well, hours away! That means that it’s officially “year end,” which is when you want to start getting things in order for the upcoming tax season.Our firm has certainly started to prepare. Let us help you do the same. The following are a few tips to get you...

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Nine Tips for Charitable Taxpayers

September 22, 2011

Many taxpayers enjoy giving back to the community by donating cash or goods to their favorite charitable organizations. In addition to the warm and fuzzy feeling you get from helping others, you may also be able to take a deduction for the donation on your 2011 tax return. But before you start tallying up your good deeds, take a look at the top nine things the IRS wants every taxpayer to know...

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Our New Website!

September 2, 2011

We are excited to announce the recent launch of our firm’s new website! We’ve been working very hard to enhance our site and give our firm a major facelift. We’ve also continued to research and identify the latest and greatest technologies to improve the services we provide and ensure we continue to meet your needs.Take a moment to look around our new website and review some of our...

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