May 27, 2013
Andrew Presti- Author's Bio
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How do I? Compute the small business health insurance credit
Under the Patient Protection and Affordable Care Act (PPACA), small employers can claim a credit for providing health insurance for employees and their families. Health insurance includes not only basic medical and hospital care, but dental or vision, long-term care, and coverage for specific diseases or illness. Self-funded plans do not qualify; the insurance must […]
Read more- May 27, 2013
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The new 3.8 percent net investment tax continues to challenge
Questions over the operation of the new 3.8 percent Medicare tax on net investment income (the NII Tax) continue to be placed on the IRS’s doorstep as it tries to better explain the operation of the new tax. Proposed “reliance regulations” issued at the end in 2012 (NPRM REG-130507-11) “are insufficient in many respects,” tax […]
Read more- May 27, 2013
- Andrew Presti
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Using your 2012 tax-year return to plan for the future
Did you owe tax on your 2012 tax return? Did you receive a sizeable refund? Or, conversely, did you receive a smaller refund than you expected? If so, take another look at your tax return from this past year. It is quite possible that by making a few changes, you could put more money in […]
Read more- May 27, 2013
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Heated debate ahead on tax reform proposals
President Obama recently said that he wants a tax reform/deficit reduction package by August and lawmakers have many proposals to consider. The President has introduced a $3.77 trillion budget for fiscal year (FY) 2014 with a host of tax reform proposals, the House and Senate Budget Committees have approved competing deficit reduction and tax reform […]
Read more- April 19, 2013
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April 2013 tax compliance calendar
As an individual or business, it is your responsibility to be aware of and to meet your tax filing/reporting deadlines. This calendar summarizes important tax reporting and filing data for individuals, businesses and other taxpayers for the month of April 2013. April 3 Employers. Semi-weekly depositors must deposit employment taxes for payroll dates March 27-29. […]
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