by Jason Makris | Dec 23, 2014 | Income Taxes, Individual, Small Businesses |
Phoenix Accountant | Record keeping With the IRS and states struggling to stay afloat, many tax payers worry about the chances of an audit. While your chances may be slim of ever being audited, there is nothing worse than getting the letter in the mail that your...
by Jason Makris | Dec 22, 2014 | Income Taxes, Individual, Small Businesses, Tax Planning |
Phoenix CPA | Tax Extenders Passed Finally! Congress waited until the last possible minute, but finally passed the long awaited tax extenders bill which President Obama finally signed on Friday. Known officially as The Tax Increase Prevention Act, this bill...
by Jason Makris | Dec 20, 2014 | Income Taxes, Individual, Small Businesses |
Phoenix Accounting Firm | IRS Budget Cuts This past week, the Internal Revenue Service released the downside of the cuts to their budget. The Internal Revenue Service received a budget of $10.9 billion. This may seem like a lot of money but it is 3% less than the...
by Jason Makris | Dec 18, 2014 | Affordable Care Act, Income Taxes, Individual, Small Businesses, Tax Planning |
Phoenix Business Accountant | Obamacare Tax Problems With its implementation, the Affordable Care Act brought with it tons of potential related income tax issues for CPAs and individuals who file their own income tax returns. Employer Shared Responsibility Effective...
by Jason Makris | Dec 13, 2014 | Income Taxes, Individual, Small Businesses, Tax Planning |
Phoenix Accounting Firm | Tax Extenders Bill Congress is finally looking like they are going to address the many tax cuts and credits that expired at the end of 2013. The bill known as HR 5771, or the tax extenders bill, has already passed the house and is just...
by Jason Makris | Dec 9, 2014 | Income Taxes, Individual, Small Businesses, Tax Planning |
Phoenix CPA|Year End Tax Planning Well it’s almost the end of 2014 and Congress has yet to act on a host of tax breaks that expired at the end of 2013, which is making tax planning especially difficult for most taxpayers and their tax professionals. Since some...