Matthew Person, CPA Todd Wilson, CPA Person CPA Group 3200 Lake Villa Drive Metairie, LA 70002 (504) 780-8299 Fax 1-800-799-1292 www.personhuffcpa.com Wanna Bet? If  you’re a golfer, you’ve surely heard of “Long John” Daly, renowned  for his distance off the tee. In 1991, he roared onto the scene by winning  the PGA Championship as the ninth alternate. …
Small Business Tax Goals There are many tax planning strategies for small business owners aimed at their individual tax situation and business itself. Regardless of the complexity of the tax situation, one of the following goals will be accomplished: Reducing the amount of taxable income Lowering your tax rate Controlling the time when the tax must be paid Claiming any …
Claiming someone as a dependent? There are 2 types of dependents: a qualifying child and a qualifying relative. For both types of dependents, the following questions need to be answered: Are they a citizen or resident? The person must be a US citizen, national or resident, or a resident of Canada or Mexico. Foreign exchange students do not qualify unless …
The Premium Tax Credit The premium tax credit can help make purchasing health insurance coverage more affordable for people with moderate incomes. To be eligible for the credit, you generally need to satisfy three rules. First, you need to get your health insurance coverage through the Health Insurance Marketplace. The open enrollment period to purchase health insurance coverage for 2014 …
The IRS and Customer Service If you have ever had to directly call the IRS then you know how difficult it can be to contact them. And it is predicted to only get worse. Be prepared to be very patient. During the fiscal year 2013, the IRS answered only 61% of its taxpayers phone calls. That equated to 20,000,000 ( …
Can you point your company in the direction of financial success, step on the gas, and then sit back and wait to arrive at your destination? Not quite. You can’t let your business run on autopilot and expect good results. Any business owner knows you need to make numerous adjustments along the way – decisions about pricing, hiring, investments, and …
Welcome 2014! As the new year rolls around, it’s always a sure bet that there will be changes to the current tax law and 2014 is no different. From health savings accounts to retirement contributions and standard deductions, here’s a checklist of tax changes to help you plan the year ahead. Filing Season Delayed by 10 Days Taxpayers should note …
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