On January 2, 2013, Congress passed the American Taxpayer Relief Act of 2012. Here are impacts to businesses from the passage of this bill. We can help you understand the effect that the following changes will have on your tax situation. Section 179 depreciation increase extended – The dollar limit that can be expensed in […]
Individual Impact on American Taxpayer Relief Act of 2012
January 24, 2013 by
On January 2, 2013, Congress passed the American Taxpayer Relief Act of 2012. Here are impacts to individual taxpayers from the passage of this bill. We can help you understand the effect that the following changes will have on your tax situation. Tax increase on the highest incomes in 2013 – Taxpayers (including those who receive […]
Retirement Contributions for 2012 and 2013
January 8, 2013 by
HSA Limitations
January 8, 2013 by
Health Savings Account (HSA) contribution limitations for 2012 and 2013 are as follows. Contributions to a HSA are tax deductible or tax free as a payroll deduction. Funds from an HSA account can be used to offset deductibles, copays and other medical expenses. For more information visit the IRS website. HSA Limitations 2012 2013 Self-plan […]
Changes to FDIC Coverage
December 19, 2012 by
Effective: January 1, 2013 The Federal Deposit Insurance Corporation (FDIC) coverage amounts will change January 1, 2013. Currently, all zero interest demand deposit accounts have unlimited insurance coverage. In addition, all other accounts within the same bank are covered up to $250,000. The unlimited coverage on zero interest demand accounts will expire on December 31, […]
How to Avoid the Stress of Year End Taxes
December 17, 2012 by
