Affordable Care Act Premium Tax Credit
With the implementation of the Affordable Care Act, also known as “ObamaCare,” health care coverage is now required. This can be a heavy burden when you’re on a tight budget. Luckily, the IRS has allowed for a premium tax credit for those who have moderate incomes and need help paying for their health care coverage. […]
Affordable Care Act Tax Exemptions
As of 2014, if you do not have health insurance coverage or have a gap in coverage, you will have to either pay an individual shared responsibility fee or file for an exemption when you file your taxes in 2015. Wondering how to make the right choices for your health care tax provisions? Here are […]
Don’t Wave a Red Flag to the IRS
Tax time can be stressful: meeting deadlines, finding invoices and receipts, and figuring out how much to write off while avoiding an audit. An accountant can alleviate some of the stress, but not all of it! A colleague of mine published these tips in their newsletter, figured I’d share. Here’s a list of things to […]
How to Prevent a Tax Headache
Is your tax headache coming? From collecting documents to reviewing write-offs, this can be a stressful time of year. The hardest part, especially for business owners, is the fear that you will owe more than you can handle. The best thing you can do during tax season to stop worrying is get organized. Knowledge is […]