TWILLEY, ROMMEL & STEPHENS P.A

Uncategorized

Business Tax Write Up

5.03.2015
|
Comments off
|

Fringe Benefits

You can reap tax benefits and minimize costs by knowing how fringe benefits are treated under the tax code. The basic rule is this: Fringe benefits are taxable compensation. But there are exceptions in the Internal Revenue Code to encourage businesses and individuals to do things that lawmakers deem to be good public policy.

As a result, some fringe benefits are exempt from tax, if certain rules are satisfied. Other benefits are tax deferred, with no income tax due until a later date. Or they are taxed at lower rates, such as capital gains […]

March 2015 Newsletter

3.03.2015
|
Comments off
|
Family

This newsletter is full of ideas and suggestions that can help you with ongoing financial management and tax planning.  It contains information on:

Above-The-Line Tax Deductions
Dealing With Sequence Risk
Turn Relatives Into Employees to Reduce Taxes
Tax Calendar

 

CPA Client Newsletter March 2015 TR&S CPA 

Click to Read!

This CPA Client Tax Letter is provided by Twilley, Rommel & Stephens P.A.  to its clients through an arrangement with the AICPA, which holds the copyright to the CPA Client Tax Letter and reserves all rights. Permission is required […]

February 2015 Newsletter

3.02.2015
|
Comments off
|

This newsletter is full of ideas and suggestions that can help you with ongoing financial management and tax planning.  It contains information on:

Renting vs. Buying your Home
Income Annuities in Employer Retirement Plans
When Workers are Independent Contractors
Tax Calendar

 

CPA Client Newsletter February 2015 TR&S CPA 

Click to Read!

This CPA Client Tax Letter is provided by Twilley, Rommel & Stephens P.A.  to its clients through an arrangement with the AICPA, which holds the copyright to the CPA Client Tax Letter and reserves all rights. Permission is required […]

Employer Reporting on Forms 1095-B / 1095-C

20.01.2015
|
Comments off
|

Employer Reporting on Forms 1095-B / 1095-C

Under the Affordable Care Act

In March the IRS released final regulations concerning the information returns required to be filed by employers under the Affordable Care Act. Copies of the actual forms have not yet been released by the IRS. This article is intended to be a broad discussion of some of the generally applicable regulatory requirements.

What is the first date that these forms must be filed?
The forms must be filed for the for the first time early in 2016 for the 2015 calendar […]