by Anthony Imbimbo | Jan 6, 2015 | Business Income Tax, Individual Income Tax
Would it surprise you to learn that many small business owners trust their CPAs as much as their family members? It’s true. According to a survey by the American Institute of CPAs, CPAs are considered business’ most trusted advisors, and with good reason. CPAs, in...
by Anthony Imbimbo | Jan 6, 2015 | Business Income Tax, Individual Income Tax
10. It takes the hassle out of doing it yourself. 9. You don’t have to keep up with the many tax law changes or understand complicated tax law. 8. Making mistakes can be very costly. 7. Your time is worth money – add up the hours you would spend doing it yourself and...
by Anthony Imbimbo | Jan 6, 2015 | Individual Income Tax
IRS Tax Tip 2014-10, February 10, 2014 Have you ever wondered if the Alternative Minimum Tax applies to you? You may have to pay this tax if your income is above a certain amount. The AMT attempts to ensure that some individuals who claim certain tax benefits pay a...
by Anthony Imbimbo | Jan 6, 2015 | Individual Income Tax
The Patient Protection and Affordable Care Act health insurance mandate goes into effect Starting in 2014, you must carry a minimum level of health insurance for yourself, your spouse, and your dependents, or possibly pay a fine. If you have adequate health insurance...
by Anthony Imbimbo | Jan 6, 2015 | Business Income Tax, Individual Income Tax
IR-2014-114, Dec. 10, 2014 WASHINGTON — The Internal Revenue Service today issued the 2015 optional standard mileage rates used to calculate the deductible costs of operating an automobile for business, charitable, medical or moving purposes. Beginning on Jan. 1,...
by Anthony Imbimbo | Oct 3, 2011 | Individual Income Tax
What words come to your mind when you think of the IRS? Perhaps strict, unsympathetic, uncompromising, or merciless? That is actually just fine with them. The IRS prides themselves on such a self-image, because somehow it gets them what they want. The combination of...
