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Thanks for Winning the Gold…Now Pay Your Taxes
on August 6th, 2012 in Articles by admin | Comments OffMichael Phelps with one of his (taxable) gold medals. Athletes like Michael Phelps, Serena Williams, and Gabrielle Douglas train for years to make it to the Olympics. Their countless hours of training pay off as they stand on the podium and bow their heads to accept the gold medal…and then…
Will Bush Tax Cuts be Extended? House to Vote Next Week
on July 30th, 2012 in Articles by admin | Comments OffThe House will vote next week on whether to extend Bush-era tax cuts for another year. Last Wednesday, the Senate voted to approve the Democratic tax cut proposal, which would extend the current tax cuts for those with adjusted gross income under $200,000 for singles or $250,000 for couples. House…
Congressional Budget Office Releases New Estimates for Cost of Affordable Care Act
on July 25th, 2012 in Affordable Care Act Tips + Updates, Articles by admin | Comments OffThe CBO released their estimation for how much Medicaid will cost under the Affordable Care Act On Tuesday, the Congressional Budget Office (CBO) released new estimates regarding the cost of the Affordable Care Act’s insurance coverage provisions, which takes into account the Supreme Court decision issued on June 28, 2012….
Got Cash? Retailers Could Start Charging Consumers a Credit Card ‘Surcharge’
on July 18th, 2012 in Articles by admin | Comments OffTweet You may want to put your plastic away because retailers will soon have the option to charge you a fee for paying with your credit card. According to a report on Forbes.com, Visa, Mastercard, and several banks recently settled a series of class action lawsuits that accused them of…
In the News | Pop Singer Sues Former Accounting Firm
on July 9th, 2012 in Articles by admin | Comments OffTweet Make sure you choose an accountant that is the best fit for your needs! Robyn Fenty, aka Pop Princess Rihanna, is suing her former accounting firm, Berdon LLP. According to an article on Accounting Today, the singer claims that Berdon, LLP “drained her for tens of millions of dollars…
Happy 4th of July
on July 4th, 2012 in Articles, Committed to Our Communities by admin | Comments OffPhoto Credit: office.microsoft.com Happy 4th of July! H&S is closed today, but we will be open as scheduled on Thursday, July 5, 2012.
Supreme Court Upholds Individual Mandate
on June 29th, 2012 in Articles by admin | Comments OffSoon everyone will need to carry health insurance. The Supreme Court upheld the individual mandate in the Patient Protection and Affordable Care Act on Thursday, July 28, 2012. In the Court’s 5-4 majority opinion, they concluded that the mandate is valid under the Constitution’s Taxing Clause. The individual mandate requires…
CNN Money Names Michigan One of The 10 Fastest-Growing States
on June 13th, 2012 in Articles by admin | Comments OffTweet Michigan’s economy is growing according to CNN Money. (Please note, graph illustration does not represent actual growth.) According to CNN Money, Michigan is among the 10 fastest-growing states in the country. In 2011, we experienced growth at a rate of 2.3%; our economy is worth $385 billion dollars. The…
What’s the difference between a vision statement and mission statement?
on June 11th, 2012 in Articles, Locations & Services by admin | Comments OffTweet Take time to sit down with your team to define your vision and mission statements. The strategic planning process starts with knowing and defining your vision and mission statements. Together these two statements make a powerful impression regarding what’s important to your company, but people frequently think they’re the…
Another Charitable Contribution Deduction Lost on a Paperwork Technicality
on June 8th, 2012 in Articles, Locations & Services, Tax Tips by admin | Comments OffIf you made a charitable contribution and received a ‘perk’ in return, such as a free round of golf, you need to make sure you document it correctly. Last week, a couple was denied their $18.5 million deduction due to a paperwork technicality, this week there was another case of…
