acollinscpa.blogspot.com
Andrew Collins CPA PLLC Blog: April 2012
http://acollinscpa.blogspot.com/2012_04_01_archive.html
When you get down to the wire, do you extend your return or file and then amend later with the additional details? This can be a touch choice, especially if you are expecting a large refund and your hands are tied while you wait on a K-1 or a social security number to come in the mail. The odds say it is better to extend according to this article. If you can live without the refund funds for a little while. IRS CIRCULAR 230 DISCLOSURE REQUIREMENT:. Th high quality tax plan. For more info visit.
acollinscpa.blogspot.com
Andrew Collins CPA PLLC Blog: December 2011
http://acollinscpa.blogspot.com/2011_12_01_archive.html
The IRS has released the updated mileage reimbursement rates:. Business mileage rate is 55.5 cents/mile. Medical mileage rate is 23 cents/mile. Moving expense rate is also 23 cents/mile. Charitable mileage rate is 14 cents/mile*. Small Estates may still need to file an estate tax return. IRS CIRCULAR 230 DISCLOSURE REQUIREMENT:. Andrew K. Collins CPA PLLC is based in Raleigh, NC and serves the triangl. Th high quality tax plan. For more info visit. Raleigh, NC 27661.
acollinscpa.blogspot.com
Andrew Collins CPA PLLC Blog: ACA Notification
http://acollinscpa.blogspot.com/2013/09/aca-notification.html
The following insurance notification applies to many employers and is a new notification that needs to be supplied to employees. This applies to employers that have (a) one or more employees who are engaged in commerce and. B) gross annual sales of $500,000 or more. The required written notices must be provided to the employees by October 1, 2013. October 1, 2013 (for employees employed before October 1, 2013). The model notices must be revised by employers to include identifying and contact information&...
acollinscpa.blogspot.com
Andrew Collins CPA PLLC Blog: Retirement Housing for a Minister
http://acollinscpa.blogspot.com/2012/12/retirement-housing-for-minister.html
Retirement Housing for a Minister. Some ministers who are approaching retirement or in retirement may be interested in this article about the different housing options available to retired ministers. Keep in mind that housing allowances are not taxable income to the minister, so this can be a very good benefit to these individuals. 0 Response to "Retirement Housing for a Minister". Subscribe to: Post Comments (Atom). IRS CIRCULAR 230 DISCLOSURE REQUIREMENT:. Th high quality tax plan. For more info visit.
acollinscpa.blogspot.com
Andrew Collins CPA PLLC Blog: July 2013
http://acollinscpa.blogspot.com/2013_07_01_archive.html
NC Tax Law Changes. The state of NC has made significant changes to their tax code, and the following is a breakdown (put together by the law firm Parker, Poe, Adams) of some of the major changes:. Replaces the multi-tiered income tax regime with a flat tax. The Act reduces income tax for individuals from current rates (6 – 7.5%) to a flat tax of 5.8% in 2014. For subsequent years, the Act further reduces the rate to 5.75%. Eliminates the personal exemption. But increases the standard deduction. And adop...
acollinscpa.blogspot.com
Andrew Collins CPA PLLC Blog: MyRA proposed by President in State of the Union
http://acollinscpa.blogspot.com/2014/01/myra-proposed-by-president-in-state-of.html
MyRA proposed by President in State of the Union. It is not big news to hear that most people are not saving enough for retirement. To help solve this problem the President has created a new MyRA that will offer retirement savings options to those without a 401K or other retirement plan at work. One benefit I see, it could offer a vehicle for putting away a lot of Roth money in one year, and then roll it over or transfer it to a true Roth IRA that offers reasonable investment options. IRS Circular 230 re...
acollinscpa.blogspot.com
Andrew Collins CPA PLLC Blog: Simplified Home Office Deduction on 2013 Returns
http://acollinscpa.blogspot.com/2013/01/simplified-home-office-deduction-on.html
Simplified Home Office Deduction on 2013 Returns. The IRS has announced. That instead of tracking actual expenses for your home office, beginning with your 2013 tax return (filed in Spring 2014) you can take a standard deduction for your home office. It is calculated at $5/square foot of home office space. While this will simplify the calculation and relieve some of the record keeping requirements, some have expressed concern. 0 Response to "Simplified Home Office Deduction on 2013 Returns".
acollinscpa.blogspot.com
Andrew Collins CPA PLLC Blog: October 2011
http://acollinscpa.blogspot.com/2011_10_01_archive.html
2011-12 Cost of Living Adjustments. The IRS has revised various figures for 2012 to account for inflation:. 401(k), 403(b) limits: $17,000 (was $16,500). Catch-up contribution for those 50 and older: $5,500 (unchanged). P ersonal exemption increases from $3,700 to $3,800) and standard deduction. The $13,000 annual gift exclusion is unchanged. The estate and gift lifetime exclusion for decedents dying during 2012 goes up from $5 million to $5.12 million. IRS CIRCULAR 230 DISCLOSURE REQUIREMENT:.
acollinscpa.blogspot.com
Andrew Collins CPA PLLC Blog: Fiscal Cliff Bill - Tax Implications
http://acollinscpa.blogspot.com/2013/01/fiscal-cliff-bill-tax-implications.html
Fiscal Cliff Bill - Tax Implications. Note that the 2% payroll tax cut that we have enjoyed the last two years was not extended, so all workers will see a tax increase with your first 2013 paycheck. It could have been much worse I guess. Details of the tax bill:. Raises the top marginal rate to 39.6% for single filers with taxable income over $400,000 and joint filers over $450,000. Permanently “patches” the alternative minimum tax retroactive to 2012. The exclusion from income of IRA donations to charit...
