Dear Client: The President has signed the biggest tax reform law in over 30 years. When you file your 2018 tax returns — about a year from now — your tax return will look very different. And because most changes don’t happen until then, we have some time to learn about the changes and plan for next year. Here are a few of the biggest changes that may affect you. Tax rate changes: Both individual and corporate rates have changed. The maximum individual rate is reduced to 37% a
Give Withholding and Payments a Check-up to Avoid a Tax Surprise - from IRS Tax Tips August 28, 2013 Some people are surprised to learn they’re due a large federal income tax refund when they file their taxes. Others are surprised that they owe more taxes than they expected. When this happens, it’s a good idea to check your federal tax withholding or payments. Doing so now can help avoid a tax surprise when you file your 2013 tax return next year. Here are some tips to help y
(Health Reform: A Guide for Employers - by The Word & Brown Companies) UPDATE: PPACA Individual Mandate Upheld by Supreme Court
On June 28, 2012, the U.S. Supreme Court issued a 5-4 decision ruling that the mandate for every American to have health insurance was constitutional. This means that beginning in 2014, everyone will be required to have health insurance, either through a government-sponsored plan, their employer or by purchasing it individually. Those who choose
From Nikki LeBrun, EA
GLB President "Dear Congress, I would like to know why you think it was okay to only work 106 days of the year and still get aid for your 259 days of absence when you haven't done your job? Employers with any employee with that kind of record of absences, and no viable excuses for it, would have fired you after missing the first week. I would like to submit my bill to you for what you have cost me in wasted time and money attending tax classes that cou
IT IS MY JOB TO ENSURE THAT I KEEP UP WITH THE LATEST IN TAX ISSUES. BUT IT IS ALSO IMPORTANT THAT WE UNDERSTAND THE POLITICS BEHIND THESE TAX POLICY AND THOSE THAT SET THE RULE. SOMETIMES, THOSE RULES ARE SET VERY HIGH, THAT THOSE THAT SET IT HEIGHT CAN’T EVEN MEET IT. SO PLEASE TAKE THE TIME TO VOTE AND KNOW WHAT YOU VOTE FOR. SOMETHING TO THINK ABOUT, THIS STATEMENT BY CHIEF TWO EAGLES: “Where white man went wrong” Indian Chief , “Two eagles” was asked by a white U.S. g
DUE DATES (important reminders) CALIFORNIA’S: Gov. Jerry Brown, after 5 years of crippling deficits announced that the state is in the black. Now it is time to increase our spending, at least slowly for now! The Bush Tax Cuts are over, for the most part. However, the Majority in Congress delayed closing some of the Bush Tax cuts again, resulting in the Fiscal Cliff. The results were not what the President wanted, so a compromise was sent. Employee’s will see an increase
WINTER 2013 VOLUME XXXI, NO 1 1099 filers: I must have all information no later than January 15th, 2013 for a Timely filed form.
Mailed returns cannot be guarantee a return if not received by March 15, 2013.
EFILED: Is delayed until January 30th, 2013 (2012 taxes) due to the Fiscal Cliff. Welcome to a New Year, and the continued Administration, President Obama! For months, Politicians negotiated to find a compromise to prevent the country from going over the so called FI
In a stunning blow to the Internal Revenue Service’s efforts to regulate the tax preparation profession, a federal judge struck down the IRS’s licensing requirements for tax preparers on Friday, including testing and continuing education. Three independent tax preparers—Sabina Loving of Chicago, John Gambino of Hoboken, N.J., and Elmer Kilian of Eagle, Wisc.—joined forces with the Institute for Justice, a libertarian public interest law firm, in filing suit against the IRS
LATEST NEWS RELEASE FROM IRS 01152013 IMPORTANT DATES: DEADLINES: IN ORDER FOR THJ TAX TO COMPLETE YOUR TAXES ON TIME, PLEASE NOTE THAT WE MUST HAVE YOUR INFORMATION SENT TO US IN ORDER TO MEET THE DEADLINE (WE USE FIFO-FIRST IN, FIRST OUT METHOD) SO PLEASE BE SURE TO GATHER YOUR INFORMATION. BUT, IF YOU ARE UNABLE TO MEET THIS DEADLINE. JUST CALL US FOR AN EXTENSION. MARCH 15, 2013: MAIL TAX RETURN INFORMATION TO THJ TAX FOR INSURED TIMELY FILED RETURN.. JAN 15, 2013: 1099