Tax Preparation, Insurance, Payroll, Medicare and Business Advisement in Jamestown NY
Tips and Articles on Tax Advisory
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
If so, the IRS May Allow a Deduction There may come a time when you receive income only to find out later you have to repay it. This can happen for several reasons, and the repayment is often made in a later tax year. For example, when this … [Read more...] about Did You Repay Income?
Is your child the next Warren Buffet? As a young boy at the age of 11, Warren Buffet invested the money he earned delivering newspapers into some farmland. He continued to invest and reinvest his money; now he is worth an estimated $85 … [Read more...] about Children and their money
Don't Panic! No one likes to receive a letter in the mail from the IRS. The assumption is that if you aren’t expecting a refund of some sort, it can’t be good news. Don’t worry. Often there is no reason to panic. More importantly, don’t make … [Read more...] about IRS Notices
New Law Eliminates Deduction For many of you, finding the money to pay for a new car, boat or dream vacation was as easy as tapping the equity in your home. Prior to 2018, you could use the equity in your home to make large purchases, pay expenses … [Read more...] about Home Equity Loan Interest
