When the Protecting Americans From Tax Hikes (PATH) Act of 2015 was enacted on December 18, 2015, one of the provisions of the Act retroactively renewed the research and development (R&D) credit and made it permanent.
The Senate recently released the draft of their health care billed named The Better Care Reconciliation Act of 2017 (BCRA), which replaces many of the tax provisions of the Affordable Care Act (ACA). If paying less tax is better for your heath, then this bill should give you a boost. Here is a summary of the key tax provisions included in this bill. I will leave the analysis and any questions you have on the health insurance side of the bill related to changes in cost, coverage and availability to my fellow Business Warrior, Janis VanAhn. (more…)
Recently, a colleague of mine and her husband experienced what it’s like to find out you have a credit report error… the hard way. She is hoping her experiences will allow others to see the importance of staying on top of keeping a clean credit report and how simple it can actually be. Read on for her story!
It seems like I get an alert daily telling me about another scam that is trying to trick us into giving out our personal information or into downloading a virus or malware onto our computers. This past week I heard of two more scams that are targeted at small businesses. I am passing a few of these current scams on to you and am hopeful that you will pass them on to others to keep anyone else from becoming a victim of one of them.
Happy New Year! 2017 is here! With the beginning of a new year, many of us are making New Year’s resolutions. Resolutions like losing weight, exercising more, eating healthier and getting organized! And if getting organized is on your list, what better way to start than gathering your needed information to file your 2016 return.
As we head into the Holiday Season and the end of the year, my thoughts turn to gifts and giving. One of my favorite memories of Christmas is when my grandchildren and I select a name of a family from one of the Angel Trees in our community and we go shopping for gifts for a needy family.
Was this the year you sent your child off to college? It is a time of mixed emotions – exciting, scary, bright thoughts for the future, but we also hear more and more often of the costs involved with college. Tuition, books, room and board are some of the costs, not to mention transportation, clothing and entertainment.
On September 22, 2016, MHC&S is hosting a complimentary seminar (the first in our 2016 A Step Ahead Seminar series) on the New Overtime Regulations effective December 1, 2016. Here is a brief summary of the new legislation to help you decide if this applies to your business. If you would like more information, we invite you to join us for the seminar by registering HERE. Seating is limited. (more…)
With summer upon us, many business owners may decide to hire students who are home from college for summer break. This may lead to the question of whether the person hired is an employee or a contractor. What you decide can make a big difference in how their pay is figured and if you are required to withhold taxes for them or not. (more…)