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Posts from April, 2014

  • Small Business Health Care Tax Credit for Small Employers How will the credit make a difference for you? For tax years 2010 through 2013, the maximum credit is 35 percent of premiums paid for small business employers and 25 percent of premiums paid for small tax-exempt employers such as charities. For tax years beginning in 2014 or ... Continue Reading
  • Reminder to Home-Based Businesses: Simplified Option for Claiming Home Office Deduction Now Available; May Deduct up to $1,500 This year for the first time they can choose a new simplified option for claiming the deduction for business use of a home. In tax year 2011, the most recent year for which figures are available, some 3.3 million taxpayers claimed deductions for business use of a home ... Continue Reading
  • Boost Your Retirement Savings with a Tax Credit If you contribute to a retirement plan, like a 401(k) or an IRA, you may be eligible for the Saver’s Credit. The Saver’s Credit can help you save for retirement and reduce the tax you owe. Here are four facts that you should know about this credit: The Saver’s Credit is the ... Continue Reading
  • 2014 Tax Season Refund Frequently Asked Questions How quickly will I get my refund? The IRS issues most refunds in less than 21 calendar days. What is the best and fastest way to get information about my refund? Use can use the IRS2Go mobile app or the Where’s My Refund? tool. You can start checking on the status of your ... Continue Reading
  • Upcoming Tax Deadlines April Wed 2 Deposit payroll tax for payments on Mar 26-28 if the semiweekly deposit rule applies. Fri 4 Deposit payroll tax for payments on Mar 29-Apr 1 if the semiweekly deposit rule applies. Wed 9 Deposit payroll tax for payments on Apr 2-4 if the semiweekly deposit rule ... Continue Reading