Tax Preparation, Insurance, Payroll, Medicare and Business Advisement in Jamestown NY
Tips and Articles on Tax Advisory
Resolve Your Tax Debt to Avoid Passport Revocation The IRS is urging taxpayers with significant tax debts to take action to avoid jeopardizing their passports. If you owe $52,000 or more in back taxes, penalties, and interest, the IRS will certify … [Read more...] about Avoid Passport Revocation
Seven Tax Strategies What’s on your tax return plays a big role in determining how much financial aid a college offers to students. To get the most financial aid possible, you need to plan out any tax moves several years before applying. Colleges … [Read more...] about Maximizing Student Financial Aid
Your employer may offer a benefit called a Health Reimbursement Arrangement (HRA). An HRA is a benefit whereby your employer will set aside funds to reimburse health care costs for you. This eases some of the paperwork burden on the employer and … [Read more...] about Health Reimbursement Arrangement
When to file The IRS has redesigned the Form W-4 due to changes in the tax law that eliminated personal exemptions/allowances. The new Form W-4 should make it easier for you to make any changes to your employer tax withholding. There are several … [Read more...] about Changes to your Form W-4
Accountable Plan Basics Businesses can reimburse owners and employees for out-of-pocket expenses under an accountable plan, a set of rules and processes that allow tax-free reimbursements of certain business expenses. To qualify, an accountable … [Read more...] about Tax-Free Reimbursements of Business Expenses
Tax tips for ride-sharing drivers Working in shared economy marketplaces like DoorDash, Lyft, or Uber has certain advantages for earning extra income. Some people even make a decent living at it. If you are working in a gig economy, it’s … [Read more...] about Working in the Gig Economy
