Ideas to Help Audit Proof Your Return

No one likes the stress involved when your tax return is under the audit spotlight. Here are some ideas to avoid some of the more common audit triggers.

1. Report everything that has an informational tax return. If you are like most Americans, you will receive numerous 1099’s, W-2’s, and 1095-A’s in the mail. The IRS receives them too. If your tax return does not meet or exceed this reported income you can count on receiving a notice from the IRS. Some hints:
   • Make a list of the forms received last year
   • Update the list with any new vendors or employers

Healthcare Reform for Business Owners

As the fall leaves begin to turn, it seems an appropriate time to begin a discussion about the new reporting required by the Affordable Care Act.  We want you to understand what this legislation entails so that you save the appropriate documentation and are prepared for the questions that we will need to ask you.

Worthless Small Business Stock - A loss can be a Win?

Sometimes you need to close your corporation... I have seen to many businesses struggle with debts that are unbearable as circumstances change; a downward eceonomy, technology obsolesence or change in customer demographics.  Many owners fear the closure, as they do not know of the ability to salvage some tax dollars through the closure.

What happens if They Won't Fix My 1099!

It is late January and you realize the 1099-MISC you receive is in error. In fact, it overstates your income by $2,000. What should you do?

California - Healthy Workplace Healthy Family Act of 2014 (AB 1522)

IMPORTANT REQUIREMENTS FOR ALL EMPLOYERS

Earlier this year, the California Legislature passed the Healthy Workplace, Healthy Families Act of 2014 (“HFA”) which requires all employers with employees within the State of California, regardless of size, to provide paid sick leave to employees.

Starting January 1, 2015, employers must display a poster created by the Labor Commissioner informing employees of their rights under the HFA.