Tax Preparation, Insurance, Payroll, Medicare and Business Advisement in Jamestown NY
A Simple Error May Deny Your Deduction As a business owner, you most likely provide health benefits for you and your employees. Even if you do not have employees, having a health insurance policy in your business may save you money. As a … [Read more...] about Health Insurance For Your Business
HRAs offer tax-favored benefits If you’re looking for a way to reduce employee benefit costs, you may wish to consider using a health reimbursement arrangement (HRA). An HRA is an employer-funded health benefit account for individual employees … [Read more...] about Employer options for health costs
Many Common Employee Business expenses are no longer deductible Are you an employee who incurs unreimbursed expenses? Beginning in 2018 and continuing through 2025, some expenses you could previously claim as itemized deductions won't be allowed. … [Read more...] about Unreimbursed Expenses
AJ Texas Hots just celebrated 50 years of being in business! Located at 824 Foote Avenue and founded by Sam Colera, AJ Texas Hots has become a staple in Jamestown, NY. Mr. Colera was recently recognized by Chautauqua County Executive George Borello … [Read more...] about AJ’s Texas Hots
New Rules Limit Options There’s a rule in the tax code that allows you to exchange property you hold for business use or investment for other like-kind property and defer any tax on the gain. This was a popular strategy for business owners who wished … [Read more...] about Exchanging Business Property
Deduction for entertainment expenses is no longer allowed Starting in 2018, deductions for activities that are generally considered to be entertainment, amusement or recreation expenses, or with respect to a facility used in connection with such … [Read more...] about The Party’s Over
