It’s tax time! This means it’s now time to report your compliance (or lack of compliance) of the Affordable Care Act to the IRS. If you and every member of your household had health insurance coverage the entire year, compliance is as simple as checking the box on line 61 of Form 1040 (line 38 of Form 1040-A, or line 11 of Form 1040-EZ).
Monthly Archives: January 2016
Many of our clients who own closely held businesses do not have a full-time accountant on payroll.
Are you in the post-holiday gloom and seeking excitement for another year of business? You may receive inspiration from the money-saving possibilities afforded by the Protecting Americans from Tax Hikes (PATH) Act of 2015.
After long hours of negotiations, Congress passed the first significant tax legislation since the passage of the American Tax Relief Act of 2012 (ATRA).