4025 Automation Way #D1 (Map)
Fort Collins, CO 80525
Phone: 970-226-4686
A client asked me if they hired their wife to work in their business if they qualified for the payroll tax holiday. First I had to look up how the payroll tax holiday worked. Qualified employers are exempted from paying the employer 6.2% of Social Security employment taxes on wages paid in 2010 to a […]
Payroll Tax HolidayA couple of weeks ago I talked about the penalties for individuals who do not have health insurance coverage, now let’s talk about the penalties for small businesses who do not offer coverage to their employees. For businesses with at least 50 employees who do not offer coverage and have at least one full-time employee […]
Health Insurance PenaltyAs a self employed business owner I was curious if the new credit available to small business owners who provide health insurance coverage to their employees was available for the health insurance my business provides for me. The credit is 35% of the employer’s contribution towards the employee’s health insurance. To qualify the small business […]
Health Care ReformI know one of the things that puzzles me most about the new health care reform legislation is the penalty to those who do not carry health care. It seems cruel to penalize people who cannot afford healthcare. Isn’t it penalty enough not to have health coverage for your loved ones? So I looked up […]
Health Care ReformAccording to IRS Tax Tip 2010-68 people who owe taxes but can’t pay the full amount owed by the April deadline should still file their return on time and pay as much as they can to avoid penalties and interest. If you can’t pay the full amount, you should contact the IRS to ask about […]
Can't pay your income tax on timeThe 2010 Healthcare Act has generated a lot of questions. Over the course of the next few weeks I thought I would share with you some of the questions that I have been asked and the answers I have found. This week I was asked the definition of “unearned income” and how it applies to […]
Healthcare ActWhat exactly is Tax freedom Day? It is the first day of the year in which the nation as a whole has theoretically earned enough income to fund its annual tax burden. Tax Freedom Day answers the basic question, “What price is the nation paying for government?” An official government figure for total tax collections […]
Tax Freedom DayIn 2001 when Congress adopted the legislation to allow zero estate tax in 2010, the joke was to hope your loved one passed away in 2010. Well 2010 is here and while it sounds like a good thing to have zero estate tax it can cause complications. When the first spouse passes away most of […]
Estate taxI confess I have never held a job that required I work on Sundays, so I had never really gave much thought to what happens when Daylight Savings Time begins. However I received the following from Marc Kouzmanoff at RIA in one of my daily updates last week. Daylight Saving Time begins this weekend: Spring […]
Employee wages & daylight savings timeI was recently asked how I felt about the new standards for tax preparers. My response was “It’s about time!”. It never ceases to amaze me that someone would actually pay to have their tax return prepared by someone who is not a licensed CPA. As a CPA I had to pass an exam, I […]
CPAs, paid tax preparers