The document summarizes two main topics:
1) New IRS rules state that a partner cannot be treated as an employee of the partnership. If an employee receives ownership in the partnership, they are now considered a partner, not an employee.
2) There are new filing deadline changes for corporate and partnership tax returns. Corporate tax returns will now be due 3.5 months after the fiscal year ends, and partnership returns will be due 2.5 months after the fiscal year ends.
Tax Strategies - Module 12 of Family Financial Freedom Floyd Saunders
This document provides an agenda and overview for a tax strategies workshop presented by Saunders Learning Group. The workshop will describe the importance of taxes for personal financial planning, teach how to calculate taxable income and federal income tax amounts, and cover tax preparation, sources of tax assistance, and tax strategies for different financial situations. Attendees will learn about the four main types of taxes: taxes on purchases, property, wealth, and earnings. The workshop will also explain how to compute tax liability, deductions, credits, and filing status when completing a federal income tax return.
The document provides information and advice for newly married couples on managing finances together after marriage. It recommends that couples openly communicate to develop a shared financial plan and goals. It also suggests preparing a joint budget that accounts for all income and expenses to help stay on track financially. Additionally, the document discusses options for saving for retirement through employer-sponsored plans and spousal IRAs to maximize savings opportunities. Open communication and coordination between spouses is presented as key to building wealth over time through a unified retirement strategy.
2017 ICPAS Tax Guide for Members of the Illinois General AssemblyLuis Plascencia
Illinois CPA Society Tax Guide for Illinois Legislators. The purpose of this tax guide is to provide Illinois state legislators with information to assist in tax planning and preparation. The focus is on the areas of taxation that specifically apply to state legislators. The material covered is general and may apply to other trades or businesses.
This newsletter article from Cedar Point Financial Services discusses upcoming tax filing deadlines and provides tips for taxpayers. It notes that the filing deadline is April 15, 2019 for most individuals, though some have until April 17. It describes how to file for an automatic extension, which provides more time to file but not to pay taxes owed. The article advises taxpayers not to procrastinate filing and to file even if they owe money in order to limit penalties. It also discusses potential refund delays due to new IRS filters aimed at fraud.
Payroll tax rates, filing deadlines and responsibilities in 2019Merchant Advisors
Here is a detailed guide on the payroll taxes withholding, rates, reporting and responsibilities for employers and employees for 2019. For more information, visit at https://www.onlinecheck.com/blog/small-business-resources/payroll-taxes/
2018 ICPAS Tax Guide for Members of the Illinois General AssemblyLuis Plascencia
The purpose of this publication is to assist Illinois state legislators with tax planning and awareness. We have focused on those areas of taxation that specifically apply to the capacity as a state legislator. Much of the discussion is general and may apply to other trades or businesses. We have directed our discussions to situations, special rules and problems that apply to state legislators. We have also attempted to clarify the mutually exclusive nature of the Internal Revenue law and laws regarding campaigns and political organizations. The material included in this guide was prepared and based on the tax laws in effect for 2017.
Tax Guide for Members of the Illinois General Assembly. Copyright 2017, Illinois CPA Society.
This document outlines 5 key tax issues for small business owners to consider in 2017:
1. Affordable Care Act reporting requirements - Applicable large employers must report healthcare coverage details on Form 1095-C by March 2, 2017.
2. Accelerated W-2 filing - A new law requires employers to file W-2s by January 31, 2017 instead of the usual February deadline.
3. Accelerated depreciation - Equipment purchased and put into use by December 31, 2016 is eligible for Section 179 deductions and bonus depreciation.
4. 401(k) tax credit - Businesses starting a 401(k) plan this year can claim a tax credit for
Tax Strategies - Module 12 of Family Financial Freedom Floyd Saunders
This document provides an agenda and overview for a tax strategies workshop presented by Saunders Learning Group. The workshop will describe the importance of taxes for personal financial planning, teach how to calculate taxable income and federal income tax amounts, and cover tax preparation, sources of tax assistance, and tax strategies for different financial situations. Attendees will learn about the four main types of taxes: taxes on purchases, property, wealth, and earnings. The workshop will also explain how to compute tax liability, deductions, credits, and filing status when completing a federal income tax return.
The document provides information and advice for newly married couples on managing finances together after marriage. It recommends that couples openly communicate to develop a shared financial plan and goals. It also suggests preparing a joint budget that accounts for all income and expenses to help stay on track financially. Additionally, the document discusses options for saving for retirement through employer-sponsored plans and spousal IRAs to maximize savings opportunities. Open communication and coordination between spouses is presented as key to building wealth over time through a unified retirement strategy.
2017 ICPAS Tax Guide for Members of the Illinois General AssemblyLuis Plascencia
Illinois CPA Society Tax Guide for Illinois Legislators. The purpose of this tax guide is to provide Illinois state legislators with information to assist in tax planning and preparation. The focus is on the areas of taxation that specifically apply to state legislators. The material covered is general and may apply to other trades or businesses.
This newsletter article from Cedar Point Financial Services discusses upcoming tax filing deadlines and provides tips for taxpayers. It notes that the filing deadline is April 15, 2019 for most individuals, though some have until April 17. It describes how to file for an automatic extension, which provides more time to file but not to pay taxes owed. The article advises taxpayers not to procrastinate filing and to file even if they owe money in order to limit penalties. It also discusses potential refund delays due to new IRS filters aimed at fraud.
Payroll tax rates, filing deadlines and responsibilities in 2019Merchant Advisors
Here is a detailed guide on the payroll taxes withholding, rates, reporting and responsibilities for employers and employees for 2019. For more information, visit at https://www.onlinecheck.com/blog/small-business-resources/payroll-taxes/
2018 ICPAS Tax Guide for Members of the Illinois General AssemblyLuis Plascencia
The purpose of this publication is to assist Illinois state legislators with tax planning and awareness. We have focused on those areas of taxation that specifically apply to the capacity as a state legislator. Much of the discussion is general and may apply to other trades or businesses. We have directed our discussions to situations, special rules and problems that apply to state legislators. We have also attempted to clarify the mutually exclusive nature of the Internal Revenue law and laws regarding campaigns and political organizations. The material included in this guide was prepared and based on the tax laws in effect for 2017.
Tax Guide for Members of the Illinois General Assembly. Copyright 2017, Illinois CPA Society.
This document outlines 5 key tax issues for small business owners to consider in 2017:
1. Affordable Care Act reporting requirements - Applicable large employers must report healthcare coverage details on Form 1095-C by March 2, 2017.
2. Accelerated W-2 filing - A new law requires employers to file W-2s by January 31, 2017 instead of the usual February deadline.
3. Accelerated depreciation - Equipment purchased and put into use by December 31, 2016 is eligible for Section 179 deductions and bonus depreciation.
4. 401(k) tax credit - Businesses starting a 401(k) plan this year can claim a tax credit for
2022 ICPAS Tax Guide for Members of the Illinois General AssemblyLuis Plascencia
The purpose of this publication is to assist Illinois state legislators with tax planning and awareness. We have focused on those areas of taxation that specifically apply to the capacity as a state legislator. Much of the discussion is general and may apply to other trades or businesses. We have directed our discussions to situations, special rules and problems that apply to state legislators. We have also attempted to clarify the mutually exclusive nature of the Internal Revenue law and laws regarding campaigns and political organizations. The material included in this guide was prepared and based on the tax laws in effect for 2021.
Tax Guide for Members of the Illinois General Assembly. Copyright 2021, Illinois CPA Society.
2016 ICPAS Tax Guide for Members of the Illinois General AssemblyLuis Plascencia
Illinois CPA Society Tax Guide for Illinois Legislators. The purpose of this tax guide is to provide Illinois state legislators with information to assist in tax planning and preparation. The focus is on the areas of taxation that specifically apply to state legislators. The material covered is general and may apply to other trades or businesses.
2021 ICPAS Tax Guide for Members of the Illinois General AssemblyLuis Plascencia
- The document is a tax guide for members of the Illinois General Assembly for tax year 2020 that was prepared by the Illinois CPA Society.
- It provides an overview of tax provisions that specifically apply to legislators, such as exclusions from gross income for transportation and living expense reimbursements.
- The guide discusses deductions legislators can take, such as for unreimbursed employee business expenses, and requirements for political campaigns and organizations.
2019 ICPAS Tax Guide for Members of the Illinois General AssemblyLuis Plascencia
The purpose of this publication is to assist Illinois state legislators with tax planning and awareness. We have focused on those areas of taxation that specifically apply to the capacity as a state legislator. Much of the discussion is general and may apply to other trades or businesses. We have directed our discussions to situations, special rules and problems that apply to state legislators. We have also attempted to clarify the mutually exclusive nature of the Internal Revenue law and laws regarding campaigns and political organizations. The material included in this guide was prepared and based on the tax laws in effect for 2018.
Tax Guide for Members of the Illinois General Assembly. Copyright 2018, Illinois CPA Society.
2020 ICPAS Tax Guide for Members of the Illinois General AssemblyLuis Plascencia
This document provides guidance for Illinois state legislators on their 2019 tax filing. It discusses what is included in gross income and what deductions legislators can take. It notes that legislator salaries and expense reimbursements are included in gross income but living expense allowances are not. It provides details on deductions toward adjusted gross income, such as IRA contributions, and itemized deductions, such as medical expenses, taxes, mortgage interest, and charitable contributions. It stresses the importance of adequate tax withholding and estimated payments to avoid penalties.
I have had a home based business for the past ten years. I am sharing some tips that I have used and continue to use in my current home based business.
For more details on what I do, go to http://ipasdiscount.com/?id=41379&tid=
Highlights of the Final Tax Cuts and Jobs ActSarah Cuddy
The combined tax reform bill includes plans to lower tax rates on individuals and businesses and change many deductions. Those hoping for tax simplification, however, may be disappointed.
The document summarizes the top six regulatory issues facing businesses in the summer of 2015 according to Paychex. These issues include increased enforcement of employee classification, minimum wage increases at the state and local level, mandatory paid sick leave in some jurisdictions, proposed expansion of federal overtime rules, implications of the Supreme Court ruling on same-sex marriage for employer benefits, and the potential impact of ongoing litigation and regulations related to the Affordable Care Act. Paychex advises businesses to stay informed about changing regulations and consider steps like reevaluating worker classification and compensation.
The Top Ten Regulatory Issues Expected to Impact Businesses in 2016Paychex
From the IRS extending select Affordable Care Act reporting deadlines to a delay of the debated Cadillac Tax, 2016 is gearing up to be another active year for government regulations impacting business.
Congress passed a two-month extension of the payroll tax cut, reducing the portion of Social Security taxes employees pay from 6.2% to 4.2%. This will allow high-income earners to temporarily enjoy the full tax savings of up to $2,202. However, if a full-year extension is not passed, employees may have to pay back 2% of taxes on wages exceeding $18,350 for the first two months of 2012. The act also extended unemployment benefits, Medicare payment rates, and addressed other expiring provisions, but Congress still needs to address how to pay for a full-year extension of tax cuts and other breaks.
Justin Trudeau - Government Mandate - analysis and commentary - march 2017paul young cpa, cga
Government are measure on their ability to deliver on their promises. This presentation highlight key areas where the Liberals have yet to keep their campaign promise.
Roanoke Taxes in Business Workshop Resource Presentation, August 4, 2010Sandy Ratliff
The City of Roanoke will co-sponsor the event "Taxes in Business Workshop: Learn the What, When and Why." The workshop was targeted to business owners to help participants understand local and state tax responsibilities. Presenters outlined various business tax requirements and their purpose, the impact of delinquent taxes on a business, and basic business principals to help manage a business more efficiently. Participants also had a chance to meet one-on-one with tax and business advisers. Sandy Ratliff with the Virginia Department of Business Assistance outlined the resources available to small business owners within Virginia.
This document provides an overview and tips for 2017 individual tax planning. It summarizes key tax rates, deductions, credits, and strategies to consider for reducing tax liability for the year. Potential tax reform proposals could change rates and provisions for 2018, so the document recommends planning based on current tax law and taking advantage of opportunities before year-end 2017 to be effective in mitigating taxes. It includes charts outlining various tax rates, limits, phaseouts and considerations for married and unmarried filers.
Two-thirds of small business owners support increasing the federal minimum wage from $7.25 per hour and adjusting it annually for cost of living increases. A poll found that 85% of small businesses already pay above the minimum wage. Additionally, small business owners believe raising the minimum wage would boost consumer demand and the overall economy by allowing low-income individuals to purchase more goods and services.
Companies are taking actions to minimize the impact of potential tax increases resulting from the fiscal cliff negotiations between Congress and the President. These actions include paying special dividends, accelerating acquisitions and capital gains realization, and leveraging overseas cash to fund domestic dividends. The fiscal cliff uncertainty is also impacting the corporate bond market as companies raise funds at current low rates in preparation for potential economic recession. The document then outlines four scenarios for how the fiscal cliff negotiations may play out and the expected economic impacts of each.
This document summarizes concerns raised about the general manager of Laguna Woods Village. It notes issues with credit card expenses, reimbursements, and a lack of oversight that has given too much control to the management company PCM. Expenses charged to restaurants and catering seen as unjustifiable. Concludes residents can no longer trust PCM and new board members are needed to regain control for the community.
Please take the opportunity to view this presentation on why there are positives out there in the market, while looking at those that still concern us!
Este documento presenta una demanda de divorcio por mutuo consentimiento entre Janneth Grimaneza Cargua Caguana y Rubén Luis Cargua Cifuentes, quienes se casaron el 11 de febrero de 1998 y ahora solicitan disolver su matrimonio de forma consensuada. Adjuntan la partida de matrimonio para probar su estado civil casado y se respaldan en la Defensoría Pública para el trámite legal.
2022 ICPAS Tax Guide for Members of the Illinois General AssemblyLuis Plascencia
The purpose of this publication is to assist Illinois state legislators with tax planning and awareness. We have focused on those areas of taxation that specifically apply to the capacity as a state legislator. Much of the discussion is general and may apply to other trades or businesses. We have directed our discussions to situations, special rules and problems that apply to state legislators. We have also attempted to clarify the mutually exclusive nature of the Internal Revenue law and laws regarding campaigns and political organizations. The material included in this guide was prepared and based on the tax laws in effect for 2021.
Tax Guide for Members of the Illinois General Assembly. Copyright 2021, Illinois CPA Society.
2016 ICPAS Tax Guide for Members of the Illinois General AssemblyLuis Plascencia
Illinois CPA Society Tax Guide for Illinois Legislators. The purpose of this tax guide is to provide Illinois state legislators with information to assist in tax planning and preparation. The focus is on the areas of taxation that specifically apply to state legislators. The material covered is general and may apply to other trades or businesses.
2021 ICPAS Tax Guide for Members of the Illinois General AssemblyLuis Plascencia
- The document is a tax guide for members of the Illinois General Assembly for tax year 2020 that was prepared by the Illinois CPA Society.
- It provides an overview of tax provisions that specifically apply to legislators, such as exclusions from gross income for transportation and living expense reimbursements.
- The guide discusses deductions legislators can take, such as for unreimbursed employee business expenses, and requirements for political campaigns and organizations.
2019 ICPAS Tax Guide for Members of the Illinois General AssemblyLuis Plascencia
The purpose of this publication is to assist Illinois state legislators with tax planning and awareness. We have focused on those areas of taxation that specifically apply to the capacity as a state legislator. Much of the discussion is general and may apply to other trades or businesses. We have directed our discussions to situations, special rules and problems that apply to state legislators. We have also attempted to clarify the mutually exclusive nature of the Internal Revenue law and laws regarding campaigns and political organizations. The material included in this guide was prepared and based on the tax laws in effect for 2018.
Tax Guide for Members of the Illinois General Assembly. Copyright 2018, Illinois CPA Society.
2020 ICPAS Tax Guide for Members of the Illinois General AssemblyLuis Plascencia
This document provides guidance for Illinois state legislators on their 2019 tax filing. It discusses what is included in gross income and what deductions legislators can take. It notes that legislator salaries and expense reimbursements are included in gross income but living expense allowances are not. It provides details on deductions toward adjusted gross income, such as IRA contributions, and itemized deductions, such as medical expenses, taxes, mortgage interest, and charitable contributions. It stresses the importance of adequate tax withholding and estimated payments to avoid penalties.
I have had a home based business for the past ten years. I am sharing some tips that I have used and continue to use in my current home based business.
For more details on what I do, go to http://ipasdiscount.com/?id=41379&tid=
Highlights of the Final Tax Cuts and Jobs ActSarah Cuddy
The combined tax reform bill includes plans to lower tax rates on individuals and businesses and change many deductions. Those hoping for tax simplification, however, may be disappointed.
The document summarizes the top six regulatory issues facing businesses in the summer of 2015 according to Paychex. These issues include increased enforcement of employee classification, minimum wage increases at the state and local level, mandatory paid sick leave in some jurisdictions, proposed expansion of federal overtime rules, implications of the Supreme Court ruling on same-sex marriage for employer benefits, and the potential impact of ongoing litigation and regulations related to the Affordable Care Act. Paychex advises businesses to stay informed about changing regulations and consider steps like reevaluating worker classification and compensation.
The Top Ten Regulatory Issues Expected to Impact Businesses in 2016Paychex
From the IRS extending select Affordable Care Act reporting deadlines to a delay of the debated Cadillac Tax, 2016 is gearing up to be another active year for government regulations impacting business.
Congress passed a two-month extension of the payroll tax cut, reducing the portion of Social Security taxes employees pay from 6.2% to 4.2%. This will allow high-income earners to temporarily enjoy the full tax savings of up to $2,202. However, if a full-year extension is not passed, employees may have to pay back 2% of taxes on wages exceeding $18,350 for the first two months of 2012. The act also extended unemployment benefits, Medicare payment rates, and addressed other expiring provisions, but Congress still needs to address how to pay for a full-year extension of tax cuts and other breaks.
Justin Trudeau - Government Mandate - analysis and commentary - march 2017paul young cpa, cga
Government are measure on their ability to deliver on their promises. This presentation highlight key areas where the Liberals have yet to keep their campaign promise.
Roanoke Taxes in Business Workshop Resource Presentation, August 4, 2010Sandy Ratliff
The City of Roanoke will co-sponsor the event "Taxes in Business Workshop: Learn the What, When and Why." The workshop was targeted to business owners to help participants understand local and state tax responsibilities. Presenters outlined various business tax requirements and their purpose, the impact of delinquent taxes on a business, and basic business principals to help manage a business more efficiently. Participants also had a chance to meet one-on-one with tax and business advisers. Sandy Ratliff with the Virginia Department of Business Assistance outlined the resources available to small business owners within Virginia.
This document provides an overview and tips for 2017 individual tax planning. It summarizes key tax rates, deductions, credits, and strategies to consider for reducing tax liability for the year. Potential tax reform proposals could change rates and provisions for 2018, so the document recommends planning based on current tax law and taking advantage of opportunities before year-end 2017 to be effective in mitigating taxes. It includes charts outlining various tax rates, limits, phaseouts and considerations for married and unmarried filers.
Two-thirds of small business owners support increasing the federal minimum wage from $7.25 per hour and adjusting it annually for cost of living increases. A poll found that 85% of small businesses already pay above the minimum wage. Additionally, small business owners believe raising the minimum wage would boost consumer demand and the overall economy by allowing low-income individuals to purchase more goods and services.
Companies are taking actions to minimize the impact of potential tax increases resulting from the fiscal cliff negotiations between Congress and the President. These actions include paying special dividends, accelerating acquisitions and capital gains realization, and leveraging overseas cash to fund domestic dividends. The fiscal cliff uncertainty is also impacting the corporate bond market as companies raise funds at current low rates in preparation for potential economic recession. The document then outlines four scenarios for how the fiscal cliff negotiations may play out and the expected economic impacts of each.
This document summarizes concerns raised about the general manager of Laguna Woods Village. It notes issues with credit card expenses, reimbursements, and a lack of oversight that has given too much control to the management company PCM. Expenses charged to restaurants and catering seen as unjustifiable. Concludes residents can no longer trust PCM and new board members are needed to regain control for the community.
Please take the opportunity to view this presentation on why there are positives out there in the market, while looking at those that still concern us!
Este documento presenta una demanda de divorcio por mutuo consentimiento entre Janneth Grimaneza Cargua Caguana y Rubén Luis Cargua Cifuentes, quienes se casaron el 11 de febrero de 1998 y ahora solicitan disolver su matrimonio de forma consensuada. Adjuntan la partida de matrimonio para probar su estado civil casado y se respaldan en la Defensoría Pública para el trámite legal.
This document provides solutions to homework problems from a physics course. It solves problems about the reflection and transmission of electromagnetic waves at the interface between two dielectric materials. When the incident angle is below the critical angle, the transmission and reflection coefficients exhibit interference behavior and oscillate as a function of the gap width. When above the critical angle, transmission decreases exponentially with gap width due to total internal reflection. Reflection from a conductor is also derived, showing the reflection coefficient approaches 1 at radio frequencies. Power conservation is demonstrated by relating the transmitted power to the imaginary part of the dielectric constant.
La contabilidad de costos es un sistema de información que registra, acumula y analiza los costos de producción, distribución, administración y financiamiento para ayudar a la toma de decisiones de los directivos. Se define el costo como el valor monetario de los recursos utilizados y el gasto como los costos incurridos en un periodo. Existen diferentes clasificaciones de costos como inventariables/no inventariables, fijos/variables y directos/indirectos.
O documento discute a importância da educação para o desenvolvimento econômico e social de um país. A educação é essencial para formar cidadãos produtivos e informados que possam impulsionar a inovação e o progresso de uma nação. Políticas públicas e investimentos adequados em educação são necessários para garantir que todos tenham acesso a oportunidades de aprendizado ao longo da vida.
This document provides a listing of headband designs and their components for a Spring/Summer 2012 collection. It includes 14 different headband styles named after themes like Lego, Wildness, Dino, Angry Bird, Sun, Phoenix, and Flower. Each entry describes the headband material as plastic, and accessories like ribbons, spikes, wood, feathers or figurines that correspond to the theme. Available colors are specified for some designs.
This document summarizes research into the immune response to pneumococcal polysaccharides (PPS) in elderly versus young individuals. It finds that while PPS vaccines induce protective antibodies in healthy young adults, elderly individuals have a reduced immune response despite normal antibody levels. The research aims to better understand this difference by analyzing the variable region gene usage and somatic mutations in human antibodies against PPS. It finds that combinatorial libraries do not accurately represent the natural repertoire of anti-PPS antibodies, and natural heavy and light chain pairings are important to characterize the immune response.
The document outlines Malaysia's 10th Malaysia Plan to develop and retain a first world talent base through revamping the education system to raise student outcomes, raising Malaysians' skills to increase employability, and reforming the labor market. Key strategies include ensuring every child succeeds in school, holding schools accountable for student performance, investing in great school leaders, and attracting and developing top teaching talent. The goals are to mainstream technical education, upgrade tertiary education, and enhance graduate competencies to achieve a globally competitive innovation-led economy with top talent.
Introducing Mobile Learning in Kindergartens in SenegalSenMobile
This document summarizes a project introducing mobile learning apps in kindergartens in Senegal. It describes how a series of apps were developed and piloted in 3 schools, observing that students were able to use the apps independently and were motivated by mobile phones. Teachers found it helped fight digital divide and saved time for assessment. The plan is to work with more schools, sell the apps with online/SMS extensions, and establish phone borrowing with support from manufacturers and operators to scale the project.
Google's search engine works by crawling web pages to index their contents into a giant database. When a user searches for a query, Google processes the request by searching its indexes and calculating the relevancy of pages to the query. Google then shows the most relevant results to the user's search.
This document discusses the formation of ionic bonds between ions. Ionic bonds are electrostatic attractions between oppositely charged ions. Cations are positively charged ions formed when metals lose electrons. Anions are negatively charged ions formed when nonmetals gain electrons. Ionic bonds generally form between metallic cations and nonmetallic anions. The document provides examples of common cations and anions and identifies metals, nonmetals, and metalloids on the periodic table.
This document discusses the nomenclature (naming) of oxyanions. Oxyanions are polyatomic ions containing oxygen and another nonmetal element. They are named by taking the root of the non-oxygen element and adding "-ate" or "-ite" suffixes, with "-ate" indicating more oxygen atoms. Pairs of oxyanions often exist for a given element, and the number of oxygen atoms distinguishes the names.
Anatomia arterias de abdomen y miembros inferioresstalin aguirre
1. El documento describe las principales arterias y venas del miembro inferior y sus ramificaciones. 2. Explica los nervios que componen los plexos lumbar y sacro y sus funciones motoras, sensitivas y vasomotoras en la inervación del miembro inferior. 3. Incluye diagramas ilustrativos de las estructuras vasculares y nerviosas.
Rajulal Carpenter's CV summarizes his education and work experience in instrumentation and industrial automation. He holds a diploma in electronics and telecommunication engineering and has over 5 years of experience commissioning and maintaining machinery like roller presses, cement mills, packing plants, and wagon tipplers at cement plants. His skills include programming PLCs and DCS systems, configuring industrial networking and wireless systems, and troubleshooting field instrumentation. He is currently working as a site engineer on an RFID project.
1. The document provides a summary of 12 tax deductions that are often overlooked or missed by taxpayers, including employment expenses, fitness and arts tax credits for children, transit passes, optimizing deductions with a spouse, the equivalent to spouse exemption, tuition, moving expenses, the home buyers plan (RRSP), income splitting, the disability tax credit, premiums on group health benefits, and interest paid.
2. It also discusses in more detail what each of these deductions are and provides examples to help taxpayers understand if and how they could claim these deductions to reduce their taxes.
3. The document encourages taxpayers to use a tax expert who has the knowledge, experience, and judgment to help ensure taxpayers claim all deductions they
- Our goal is to help clients coordinate tax reduction with their investment portfolios by staying up to date on tax strategies.
- This report discusses 2015 year-end tax strategies, but your situation is unique so discuss strategies with your tax preparer.
- The document reviews various tax strategies for 2015 including reviewing your retirement savings options, capital gains and losses, and Roth IRA conversions.
The document discusses several key tax changes and impacts of the Affordable Care Act taking effect in 2013. This includes a new 3.8% Medicare surtax on investment and some earned income above $200,000/$250,000 adjusted gross income thresholds. The medical expense deduction is also increased to 10% of income. Employers must now report the cost of employees' health insurance on W-2 forms. The top capital gains tax rate rises to 20% from 15%. The temporary 2% reduction in Social Security taxes expires, increasing taxes. Overall, most individuals and those with higher incomes will face higher taxes in 2013.
We acquire many of our customers through referrals from
satisfied clients. Beyond the benefit of being able to expand
our business, there are other reasons why we appreciate referrals.
When a client thinks enough of us to recommend
our services to a family member, friend, or co-worker, we
attain a higher quality clientele than those we acquire from
more random marketing efforts.
Tax practitioners, as they rightly say, wear many hats; from document sorting to
being a government form translator, and from being a deadline timekeeper to
being a counselor for their clients, they have to do everything during the months
from January through April.
With Tax Season 2019 just around the corner, there is a list of few things that every
tax preparer must have at their disposal to make the most of it when required.
This document provides tips for newlyweds on taxes, including notifying relevant government agencies and financial institutions of name, address, or status changes. Some key tips include:
- Notify the Social Security Administration (SSA) of any name changes to ensure tax records match.
- File IRS Form 8822 to update your address with the IRS if you move.
- Check your tax withholding if your combined income increases your tax bracket.
- Choose between filing your taxes jointly or separately, as filing jointly often results in lower taxes but carries more responsibility.
Your Taxes 2013 - What will change (and what won't)csawaf
Several tax hikes, some tax breaks. Now that the fiscal cliff deal assembled in Congress is becoming law, it is time to look at some of the tax law changes that will result.
Underpublicized 2012 Tax Changes & Reminders 3 12 2012Brian Eckeberger
Several tax changes for 2012 are worth noting. Form 8949 must be filed for capital gains and losses, and Form 8938 is required for foreign financial assets over applicable thresholds. Those who rolled over IRAs to Roth accounts in 2010 can report half the amount on their 2011 and 2012 returns. Select military and intelligence personnel remain eligible for the first-time homebuyer credit in 2011. Mileage deduction rates increased in the second half of 2011. Fewer vehicles qualified for alternative motor vehicle credits. The health coverage tax credit increased to 72.5% retroactively for some. Medical expense definitions were narrowed for HSAs and MSAs, and penalties increased for non-qualified distributions from those accounts.
This document provides information about tax credits available to small businesses to subsidize health insurance premiums. It discusses:
1) The tax credit applies to businesses with less than 25 full-time employees, average annual wages less than $50,000 per employee, and that pay at least 50% of employee health insurance premiums.
2) It provides a calculator to estimate the percentage of the tax credit a business may receive based on employee size and wages. The credit percentage is reduced for businesses over 10 employees or average wages over $25,000.
3) It explains the documentation required to claim the credit takes over 17 hours to complete according to the IRS. The document aims to help small businesses understand and
This document provides information on 2021 tax planning strategies for individuals and businesses. It discusses the difference between reactive tax preparation and proactive tax planning. The stages of effective tax planning include planning, implementation, quarterly maintenance, and tax return preparation. Various tax planning strategies are outlined for deferring or accelerating income, bunching deductions, maximizing retirement contributions, checking IRA distribution requirements, converting traditional IRAs to Roth IRAs, and reducing Roth conversion taxes. Year-end tax planning considerations for businesses include employee retention credits, net operating loss carrybacks, and research and development cost deductions and amortization.
This document lists and briefly describes 10 of the most overlooked tax deductions. It discusses deductions for charitable mileage, non-cash charitable contributions, unreimbursed employee expenses, student loan interest, tuition deductions, charitable IRA donations, converting traditional IRAs to Roth IRAs, paying estimated state taxes before the end of the year, and bonus depreciation or Section 179 expensing for business owners. The document provides high-level information on these common tax deductions that many people fail to claim.
This document lists and briefly describes 10 of the most overlooked tax deductions. It discusses deductions for charitable mileage, non-cash charitable contributions, unreimbursed employee expenses, student loan interest, tuition, charitable IRA donations, converting traditional IRAs to Roth IRAs, state estimated tax payments, and bonus depreciation or Section 179 expensing for business owners. The document encourages taxpayers to be aware of these deductions and consider implementing them into their tax strategies to maximize deductions and reduce their tax burden.
This document lists and briefly describes 10 of the most overlooked tax deductions. It discusses deductions for charitable mileage, non-cash charitable contributions, unreimbursed employee expenses, student loan interest, tuition, charitable IRA donations, converting traditional IRAs to Roth IRAs, state estimated tax payments, and bonus depreciation or Section 179 expensing for business owners. The document encourages taxpayers to be aware of these deductions and consider implementing them into their tax strategies to maximize deductions and reduce their tax burden.
Prepare your 2017 tax filing and create efficiencies in your tax strategies for 2018. The CTS Financial Group Tax-Time Planning guide offers you tips for your 2017 return and ideas to help you stay on track this year.
The document discusses considerations for businesses thinking about hiring new employees. It notes some signs it may be time to hire, such as increasing customer demand, inability to handle workloads, and paying overtime. It also discusses costs of hiring beyond salaries, such as payroll taxes, workers' compensation, and potential benefits. It recommends businesses estimate potential revenue and profit gains from hiring against additional costs and consult an accountant to determine affordability.
This document provides 2013 4th quarter tax planning tips for individuals. It outlines several actions people can take to minimize their 2013 tax liability, including deferring income to 2014 if in a lower tax bracket, leveraging itemized deductions, timing investment gains and losses, and maximizing available tax credits. It also notes upcoming tax law changes and thresholds for 2014 under the Affordable Care Act.
This document provides 2013 4th quarter tax planning tips for individuals. It outlines several actions people can take to minimize their 2013 tax liability, including deferring income to 2014 if in a lower tax bracket, timing capital gains and losses, maximizing deductions and credits, and preparing for provisions set to expire or change after 2013. The document reviews income tax rates, deductions, credits, and other provisions of the Affordable Care Act that may impact 2013 taxes. It also notes delays to the start of tax filing season due to the government shutdown.
The document lists 10 tax deductions that are often overlooked. These include charitable mileage deductions, non-cash charitable contributions itemized on receipts, unreimbursed employee expenses on Form 2106, student loan interest deductions, tuition deductions, charitable IRA donations, converting traditional IRAs to Roth IRAs, paying estimated state taxes before the end of the year, and taking bonus depreciation or Section 179 expensing deductions for business equipment purchases. Keeping accurate records of expenses, donations, and payments is emphasized for maximizing tax deductions.
This document summarizes key points from a presentation on 2010 tax season updates. It discusses tax law changes from the 2010 Tax Relief Act including extended tax cuts and new benefits. It outlines things to watch out for such as proper documentation for deductions. It also reminds taxpayers about reporting foreign bank accounts, avoiding tax scams, and getting assistance from the Taxpayer Advocate if needed.
This document provides training information for volunteers preparing tax returns. It discusses the clients served, which include individuals with household income under $25,000 and families under $50,000. It also outlines how to start a new return in the TaxWise software, how to enter information on the main information sheet, how to determine filing status and exemptions, and tests for dependency exemptions.
1. Dworken, Hillman, LaMorte & Sterczala, P.C.
December 2016 Issue In this issue:
• Partner versus Employee
in the eyes of the IRS
• Take Note of these Filing
Deadline Changes
Now!
Being GREEN = Emailing future issues!
Please send your current email address to Lynn at lynnb@dhls.com
(Addresses of colleagues friends are also welcome.)
continued on page 2
continued on page 2
Partner versus Employee in the eyes of the IRS
By Robert Vieira
nd Taxes
Employment
Benefits
Bookkeeping
Services
Non Profit
Partnerships are formed when two or more people
agree to combine knowledge, labor, assets, and/or
money for the purpose of lessening the risk to the
partners by sharing the profits and losses. As a reminder,
most LLC’s are taxed as partnerships, so LLC members
are treated as partners for tax purposes.
As with many partnerships, they start out with just
friends or colleagues and the partners do the majority
of the work, from running the partnership to doing the
bookkeeping. As the business grows and becomes more
profitable, partners may decide to take on employees
so they can spend their time running the business and
making it grow.
Now that the partnership is employing people, the
partners may want to reward the employee a percentage
of the partnership for equity-oriented compensation or
other various reasons, like retaining or attracting em-
ployees. Maybe you’re the partner and want to be treated
as an employee because the services you provide would
normally be expected from an employee.
There is no issue with giving an employee a percentage
of your partnership. The problem comes into play as
soon as that employee receives a percentage of the
partnership; at that point, the employee is no longer
considered an employee and is now treated as a
partner. Similarly, a partner cannot be treated as an
employee. In the eyes of the Internal Revenue Service,
an individual cannot be both an employee and a partner
in that partnership. You can be one or the other, but not
both. No matter how small the percentage is, a partner
with a .001% ownership that partner cannot be treated
In 2017, there will major changes to some of the tax
filing deadlines for 2016 fiscal calendar year-end.
These changes will affect most non-individual tax
return filing dates. If you have questions as to other
tax filings that you file, please contact us to see if you
will be affected.
The reason for the changes, according to the
American Institute of CPAs (AICPA), is to:
• improve the accuracy of tax and information returns
by allowing corporations and individuals to file using
current data from flow-through returns that have
already been filed rather than relying on estimates;
• better facilitate the flow of information between
taxpayers (i.e., corporations, partnerships, and
individuals);
as an employee. The reason is that the IRS has a no de
minimis exception. The same rule applies to a partner
in a partnership with a disregarded entity. A partner
cannot be an employee of the disregarded single-
member LLC (SMLLC).
When a partner is being treated as an employee, the
partnership opens itself up to major tax consequences
with the IRS and state tax agencies. In this case, the
Take Note of these
Filing Deadline Changes
By Robert Vieira
Accounting
and Auditing
International
Taxes
Valuation and
Litigation
Taxes
Employment
Benefits
Advisory
Services
Health Care Personal
Finances
Bookkeeping
Services
Non Profit
Real Estate
2. Dworken, Hillman, LaMorte Sterczala, P.C.
Certified Public Accountants / Business Consultants
Four Corporate Drive, Suite 488, Shelton, CT 06484
(203) 929-3535 • www.dhls.com
2
continued from page 1
Partner versus Employee in
the eyes of the IRS
individual is probably going to
receive a Form K-1 and a Form
W-2. With that being said, the partner
is probably going to have self-
employment taxes listed on their
K-1 and will have FICA, FUTA and
state tax withholdings taken out of
their W-2 as long as they didn’t opt
out of having taxes withheld. This
will cause the individual to have
FICA, FUTA and state taxes to be un-
derpaid or overpaid and the partner-
ship can risk having their cafeteria
benefit plan disqualified. If you are
a business that takes advantage of
the Qualified Production Activities
Deduction, this could be miscalculated
because the deduction is limited to
50% of Form W-2 wages.
The IRS makes it very simple, if you
are a partner you cannot be treated
as an employee and if you give
an employee a percentage of the
partnership that employee cannot
be considered an employee any
longer no matter how small the
percentage of ownership is. There
is talk that the IRS may change its
stance on this issue, but until the
IRS can find a way to prevent abuses
of allowing employee treatment in
certain cases, the rule will stand. If
there are any updates on this matter
we will keep you informed.
Anytime you are thinking about
changing the ownership of your
partnership it’s always a good idea to
contact your tax professional to make
sure it is not going to have any tax
implications. If you have any questions,
please contact us at 203-929-3535.
continued from page 1
Take Note of these Filing
Deadline Changes
• reduce the need for extended
and amended corporate and
individual tax returns.
The tax returns and extensions that
did not change are the Individual tax
return Form 1040, S-Corporation
Form 1120S and Employee Ben-
efit Plan Form 5500. The returns
and extensions that did change are
Corporate Form 1120 and Partnership
Form 1065.
The new IRS filing deadlines
switches the due dates for Forms
1120 and 1065 as follows:
• Corporate Form 1120 will now
be due 3 ½ months after year end
(April 15). Note: S-Corporation
Form 1120S return and extension
timing did not change.
• Partnership Form 1065 will now
be due 2 ½ months after year end
(March 15).
• Extended due date for calen-
dar year-end (12/31) will still be
September 15 for calendar
year ends.
Since we are dealing with the gov-
ernment and taxes, there are, of
course, exceptions to the new
changes. For Corporate Form 1120
filers with fiscal year ending June
30, the filing change will not apply
until tax years beginning after 2025,
except for the extension time pe-
riod. Starting in 2016, the extended
due date will be seven months from
the due date which means if you file
an extension it will be due 4/15/2018.
Other key filing dates to be changed
include:
• FinCEN Form 114 (Foreign
Bank Account Reporting) will
now be due April 15 and a six
month extension (to October
15) will be allowed. This form is
currently due June 30, with no
extension period.
• States are mostly following the
federal changes but with some
states there are some quirks
to be aware of. For example,
New York State C-Corp tax
return will bedueApril15thbutthe
Mandatory First Installment (MFI)
of Estimated Tax is due March
15th. So it would be a good idea to
review the filing dates for the
states you file in.
• Form W-2 and Form 1099 will
be due to the taxpayer as they
have been in the past but the
IRS copy must be signed, post-
marked and sent to the IRS by
January 31 to avoid any late fil-
ing penalties.
ForclientsofourFirm,wehaveproce-
dures in place to track these changes
and you will be notified by our per-
sonnel to remind you of these new
due dates. If you have any questions
about these changes, a federal filing
deadline you don’t see listed or a state,
please contact us at 203-929-3535.
3. Dworken, Hillman, LaMorte Sterczala, P.C.
Certified Public Accountants / Business Consultants
Four Corporate Drive, Suite 488, Shelton, CT 06484
(203) 929-3535 • www.dhls.com
3
DHLS Family News
Eventsm
• A heartfelt DHLS welcome to Erica Nadal,
of Ansonia, who just joined the Firm as a
Bookkeeping Professional in the Accounting
and Auditing Department.
• Our Thanksgiving Food Drive was a big
success this year as we were able to
donate 14 boxes of non-perishable items to
needy families in our area. And, from cash
donated, we were able to support the Denis
Olson Lifeline Fund, which helps families
who need immediate assistance to keep
essential utilities like heat and electricity.
• The partners and staff of DHLS generously
donated holiday gifts for eight families
this holiday season through New Reach’s
annualAdopt-A-Familyprogramthatprovides
gifts to needy clients. For most, including
hundreds of children, these are the only gifts
they will receive.
• Jen Bull and Bill Lesko competed in the
Pequot Runners Thanksgiving Day Race
this year, an event that raises thousands of
dollars to support local charities, including
Fairfield Community Services, Domestic
Violence Crisis Center, Westport EMS, the
Keystone Club and many more.
4. Dworken, Hillman, LaMorte Sterczala, P.C.
Certified Public Accountants / Business Consultants
Four Corporate Drive, Suite 488, Shelton, CT 06484
(203) 929-3535 • www.dhls.com
For more information on how we at DHLS
can help with these and other tax planning and financial opportunities,
please contact your tax specialist at 203-929-3535,
or visit our website at www.dhls.com.
Accounting
and Auditing
International
Taxes
Valuation and
Litigation
Taxes
Employment
Benefits
Advisory
Services
Health Care Personal
Finances
Bookkeeping
Services
Non Profit
Accounting
and Auditing
International
Taxes
Valuation and
Litigation
Taxes
Employment
Benefits
Advisory
Services
Health Care Personal
Finances
Bookkeeping
Services
Non Profit
Accounting
and Auditing
International
Taxes
Valuation and
Litigation
Taxes
Employment
Benefits
Advisory
Services
Health Care Personal
Finances
Bookkeeping
Services
Non Profit
Accounting
and Auditing
International
Taxes
Valuation and
Litigation
Taxes
Employment
Benefits
Advisory
Services
Health Care Personal
Finances
Bookkeeping
Services
Non Profit
Accounting
and Auditing
International
Taxes
Valuation and
Litigation
Taxes
Em
Be
Advisory
Services
Health Care Personal
Finances
Bookkeeping
Services
Real Estate
Accounting
and Auditing
International
Taxes
Valuation and
Litigation
Taxes
Employment
Benefits
Advisory
Services
Health Care Personal
Finances
Bookkeeping
Services
Non Profit
Real Estate
Accounting
and Auditing
International
Taxes
Valuation and
Litigation
Taxes
Employment
Benefits
Advisory
Services
Health Care Personal
Finances
Bookkeeping
Services
Non Profit
Accounting
and Auditing
International
Taxes
Valuation and
Litigation
Taxes
Advisory
Services
Health Care Personal
Finances
Bookkeeping
Services
Real Estate
Accounting
and Auditing
Int
Tax
Advisory
Services
Hea
Real Estate
Accounting
and Auditing
International
Taxes
Valuation and
Litigation
Taxes
Employment
Benefits
Advisory
Services
Health Care Personal
Finances
Bookkeeping
Services
Non Profit
Real Estate
Taxes
Employment
Benefits
Bookkeeping
Services
Non Profit
Taxes Fraud Interna-
tional
Taxes
Advisory
Services
Health Care Personal
Finances
Bookkeep-
ing Ser-
Accounting
and Audit-
Employee
Benefits
Non Profit Valuation
and Litiga-
Real Estate