You guessed it, this one is all about Tax Provisions!
Check out this issue to learn about the Affordable Care Act and Tax Extender Provisions for both the individual and businesses. As always, please contact us with any questions, that’s what we’re here for!
Click to Download
You guessed it, this one is all about Tax Provisions!
Check out this issue to learn about the Affordable Care Act and Tax Extender Provisions for both the individual and businesses. As always, please contact us with any questions, that’s what we’re here for!
Click to Download
H&S Companies is hosting a Seminar next week – Hurry and sign up now!
Check it out for topics such as: 401k rollovers, How to Maximize Your Social Security benefits, How to live a confident retirement, and more! See the flier below for more information.
RSVP to Stephanie Anderson at 616.456.6550 to reserve a seat.
Click to Download
You will NOT pay the tax if you sell your home and the gain qualifies for the $250,000/$500,000 principal residence exclusion.
The 3.8% tax has been a topic of heated discussion since it was slipped into the healthcare bill in 2010. The law is set to take effect in 2013, yet many people are still confused as to what exactly will be taxed.
photo credit: Images_of_Money via photopin cc
The 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 Republicans have a proposal on the table, which would extend Bush-era tax rates another year, for all income levels. Speaker John Boehner, R-Ohio, said he would allow the House to vote on the proposals next week.
To learn more read, House to Vote Next Week on Dueling Bush Tax Cut Extension Bills
H&S Companies has joined the AICPA Governmental Audit Quality Center (GAQC). GAQC is a voluntary membership opportunity offered through the AICPA and promotes the importance of quality governmental audits. Because of our continued dedication to providing the best services to our clients, we joined GAQC.
To learn more about H&S Companies auditing services click here.
H&S Companies has joined the AICPA Governmental Audit Quality Center (GAQC). GAQC is a voluntary membership opportunity offered through the AICPA and promotes the importance of quality governmental audits. Because of our continued dedication to providing the best services to our clients, we joined GAQC.
To learn more about H&S Companies auditing services click here.
H&S Companies has joined the AICPA Governmental Audit Quality Center (GAQC). GAQC is a voluntary membership opportunity offered through the AICPA and promotes the importance of quality governmental audits. Because of our continued dedication to providing the best services to our clients, we joined GAQC.
To learn more about H&S Companies auditing services click here.
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 in revenues from her tours”.
The article, by Michael Cohn states, “Rihanna alleges that the firm breached its agreements, engaged in misconduct and malfeasance, created entities without considering the effect on her taxes, paid itself excessively large commissions, neglected to document revenue and expenses or implement a proper budget.” She also claims, they gave her poor tax planning advice.
Finding an accountant you can trust is an important task that must be given the appropriate time and attention. Keep in mind the following tips when selecting an accounting professional:
Just like you wouldn’t go to a Cardiologist for a shin splint, you shouldn’t go to just any accounting professional. Each industry has specific tax planning opportunities and requirements and you’ll want to make sure your professional has ample experience with your line of work.
A Certified Public Accountant has an undergraduate degree, has met state requirements for certification, and has to partake in on-going educational training. These individuals are highly educated and are up-to-date on current laws. A Certified Fraud Examiner (CFE) has specific training in detecting fraud within businesses and eliminating or preventing it. A Certified Valuation Analyst (CVA) has the appropriate training and certification to put a value on your business. Make sure the person you choose to work with has the credentials you need.
Remember, tax law is complicated and regulations vary from industry to industry. Choosing to work with a large firm will offer you access to a broader range of expertise.
Do you just need your taxes completed? What about monthly payroll services? Just because you don’t need something right now, doesn’t mean you won’t need it as your business grows. Be sure to take an accounting firm’s list of services into account when making a decision.
Source
Rihanna Sues Accounting Firm By Michael Cohn on Accounting Today
Make sure you choose an accountant that is the best fit for your needs!
Just like you wouldn’t go to a Cardiologist for a shin splint, you shouldn’t go to just any accounting professional. Each industry has specific tax planning opportunities and requirements and you’ll want to make sure your professional has ample experience with your line of work.
A Certified Public Accountant has an undergraduate degree, has met state requirements for certification, and has to partake in on-going educational training. These individuals are highly educated and are up-to-date on current laws. A Certified Fraud Examiner (CFE) has specific training in detecting fraud within businesses and eliminating or preventing it. A Certified Valuation Analyst (CVA) has the appropriate training and certification to put a value on your business. Make sure the person you choose to work with has the credentials you need.
Remember, tax law is complicated and regulations vary from industry to industry. Choosing to work with a large firm will offer you access to a broader range of expertise.
Do you just need your taxes completed? What about monthly payroll services? Just because you don’t need something right now, doesn’t mean you won’t need it as your business grows. Be sure to take an accounting firm’s list of services into account when making a decision.
Source
Rihanna Sues Accounting Firm By Michael Cohn on Accounting Today
