Archive for November, 2016

  • 1. Fall Check-Up: Are You Paying Enough in Taxes?: A lot of things can change in a year – including some events that can affect your taxes. If you received larger refund than you thought you would in April or ended up owing money to the IRS, it may be worthwhile to review your tax situation before the end of the year. The average American pays about 19.8 percent of their annual income in taxes, but that can vary widely based on income and deductions. If your income changed, you got married, had or adopted a baby, bought or sold a home or there was another major life event, you should take

  • 2. Seasonal Employees, the Affordable Care Act, and Your Taxes: For small business owners, seasonal employees can be key to keeping things running smoothly through the winter holidays or the summer. But how seasonal workers affect an employer’s size, especially in respect to the Affordable Care Act, can be complicated. If your business has at least 50 full-time employees (including full-time equivalents, or FTEs), on average during the year, your business is an Applicable Large Employer (ALE). The big exception: If your employees exceed 50 for fewer than 120 days in a calendar year, your business will