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Don’t Forget to Leverage Retirement Savings Each Year

  • 9 January 2017
  • Author: Alexander Carr
  • Number of views: 1373
  • 0 Comments
Don’t Forget to Leverage Retirement Savings Each Year

Happy New Year! Chances are you didn’t get as much accomplished at the end of 2016 as you had hoped. If one of those unchecked items on your to-do list is to maximize your tax savings, you’re still in luck when it comes to your individual retirement account (IRA).

Right Now, It Pays to Not File Taxes…But Beware

  • 20 December 2016
  • Author: Alexander Carr
  • Number of views: 1470
  • 0 Comments
Right Now, It Pays to Not File Taxes…But Beware
The Treasury Inspector General for Tax Administration (TIGTA)—an Internal Revenue Service (IRS) watchdog—says the IRS is ignoring delinquent taxpayers

who owe billions of dollars. According to the agency, the IRS implemented a strategy to identify taxpayers who have not filed a tax return, including taxpayers with expired extensions, on an annual basis.

The Soda Tax that’s Sweeping the Nation

  • 13 December 2016
  • Author: Alexander Carr
  • Number of views: 1826
  • 0 Comments
The Soda Tax that’s Sweeping the Nation
Excise taxes are often added to purchases that are considered “bad for you.” That’s why you’ll routinely see excise taxes on gasoline, tobacco products, tanning beds, wagering bets and other vices. It’s not surprising, then, that a soda tax is beginning to take shape in many U.S. cities. What is surprising is the effect it’s already had on sugary drink consumption

New Overtime Ruling Blocked, For Now

  • 29 November 2016
  • Author: Alexander Carr
  • Number of views: 724
  • 0 Comments
New Overtime Ruling Blocked, For Now
If you’ve been sweating out the new overtime law changes going into effect December 1, 2016, you have a bit more time to plan. Just last week, the United States District Court for the Eastern District of Texas issued a preliminary injunction blocking the U.S. Department of Labor's new rule, which would have more than doubled the minimum salary level for exempt employees from $455 per week ($23,660 annually) to $913 per week ($47,476 annually)

End-of-Year Giving Guide

  • 29 November 2016
  • Author: Alexander Carr
  • Number of views: 1146
  • 0 Comments
End-of-Year Giving Guide
‘Tis the season to catch up on your last-minute tax deductions and strategies. What better way to save on taxes than to give that hard-earned money to the people and organizations you choose instead? There are two ways to do it: gifts to loved ones and charitable giving.

Tax Scam Roundup

  • 15 November 2016
  • Author: Alexander Carr
  • Number of views: 1093
  • 0 Comments
Tax Scam Roundup
Finally, some good news when it comes to tax scams. Earlier this fall, police in India raided nine call centers that were involved in calling phone numbers in the United States pretending to be IRS agents and demanding payment for taxes. The scam netted the operation approximately $150,000 a day, according to The Wall Street Journal. Even with this large operation shut down, though, it’s important to stay vigilant. Tax scams start and evolve every single day

How the “Gig Economy” May Affect Your Tax Bill

  • 10 November 2016
  • Author: Alexander Carr
  • Number of views: 1619
  • 0 Comments
How the “Gig Economy” May Affect Your Tax Bill
The new “sharing” or “gig” economy has given us all the option to earn a little extra cash on the side.  If you’re a driver for rideshares like Uber or Lyft,  rent property through a service like HomeAway or Airbnb, or participate in any other trendy “gigs”  like consulting through Upworkthe IRS has created a website to help spell out what part of your profit belongs to the government.

Client Spotlight: Workspace Solutions

  • 7 November 2016
  • Author: Alexander Carr
  • Number of views: 0
  • 0 Comments
Client Spotlight: Workspace Solutions

Creating room to grow has been a central theme in Bill Shiller’s life. Learn how he built his thriving office furniture business from the ground up.

How the Election Could Affect Your Federal Taxes

  • 25 October 2016
  • Author: Alexander Carr
  • Number of views: 1270
  • 0 Comments
How the Election Could Affect Your Federal Taxes
Early voting has started and we’re only weeks away from having a new U.S. President elected. There’s been a lot of talk about Donald Trump’s and Hillary Clinton’s own tax records, including Tax Notes’ take featuring Steven Bankler’s expertise.  But how will each candidate affect your own tax bill if they are elected?

IRS Warns: Affordable Care Act-Related Tax Emails Are Fake

  • 18 October 2016
  • Author: Alexander Carr
  • Number of views: 740
  • 0 Comments
IRS Warns: Affordable Care Act-Related Tax Emails Are Fake

IRS-related scams are now entering a new territory: Obamacare. In late September, the IRS issued an alert to taxpayers and tax professionals to be on guard against fake emails purporting to contain an IRS tax bill related to the Affordable Care Act.

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