Medicare
Patient Protection and Affordable Care Act – Part II
We will continue our discussion on the other three provisions of the Patient Protection and Affordable Care Act effective in 2013. In Part I, we discussed the increase in the Medicare tax on high-income taxpayers. Here we will be discussing … read more
Patient Protection and Affordable Care Act – New Taxes? Part I
Now that the Supreme Court has ruled that the Health Care Act (now known as the Affordable Care Act) has been declared constitutional except for the part that punishes states by eliminating existing Medicaid funding, we can begin to look … read more
5 Senior Citizen Income Tax Return Tips
This has become a particular area of interest due to the number of “baby boomers” turning 65 years of age in 2012 or shortly thereafter. Here are 5 tax return tips to help you be prepared to file your 2012 … read more
Medicare – Some Things You Might Need To Know, But Do Not Want To Ask
Since I will be turning 65 in September, I will not be eligible to participate in my employer’s Health Savings Account effective September 1st. Therefore, I need to sign up for Medicare to provide my medical insurance coverage. It is … read more
Does Your S-Corp. Pay "Reasonable" Compensation?
Shareholders of an S-Corporation can generally receive distributions of profits without immediate tax consequences. However, the IRS has taken a long standing position that where the shareholder is also acting as an employee of the corporation, “reasonable” compensation must be … read more
Importance of Selecting a Knowledgeable Payroll Preparer
Payroll itself seems like it should be a relatively simple process. So why should completing the payroll tax forms be complicated? Why would an employer bother taking the time to investigate whether their payroll preparer is knowledgeable in this field? … read more
Importance of Selecting a Knowledgeable Payroll Preparer
Payroll itself seems like it should be a relatively simple process. So why should completing the payroll tax forms be complicated? Why would an employer bother taking the time to investigate whether their payroll preparer is knowledgeable in this field? … read more