Taxes

Changing your withholding on your W-2s and How to do it.

W-2 withholding. If you aren’t sure what I’m talking about yet or you’ve never had the privilege of filling out a W-4, let me set the scene. – You just started a new job, you walk into HR and the person behind the desk hands you a bunch of legal paperwork to fill out and […]

Don’t Fall for an IRS Scam

The IRS issued another warning recently that they do not initiate phone calls with taxpayers to collect tax information or payment. I have always told my clients to call me if they are contacted by the IRS before giving them any information or making a payment. As good as that information is I’m sure that […]

Wash Sales

When Lucy first saw those black and tan Jimmy Choo heels she knew she needed them.  “They would look so cute with my new purse,” she thought.  Without hesitation, she found her size, whipped out her credit card, and bought them on the spot.  Once Lucy got home, she immediately tried on her new heels.  […]

The Affordable Care Act – What You Need to Do By October 1, 2013

There has been much discussion regarding the Affordable Care Act and a lot of misinformation regarding employer requirements. Whether we agree with it or not, it is now the law and there are requirements and reporting that small businesses are required to do by October 1, 2013. I have spent some time coming up with […]

Taxes and the Defense of Marriage Act

Last week, in a 5 to 4 decision, the Supreme Court found that Section 3 of the Defense of Marriage Act (DOMA) violates the equal protection clause of the Fifth Amendment of the US Constitution.  The ruling applies to people of the same sex legally married under the laws of their state. If you didn’t […]