Breaks for Business Owners in the Fiscal Cliff Legislation
Several provisions of the American Taxpayer Relief Act of 2012 apply to businesses. For the most part, these provisions extend previous law, often through 2013,
Defined Benefit Plans for Closely Held Companies
Traditional defined benefit plans, structured to provide a lifelong pension, have become rare in the private sector. They’re still the norm for public sector employers;
Electronic Tax Payment Options for Individuals
Today’s world is becoming more and more electronically driven and individual tax payments are no exception.
How To Apply For Social Security Benefits
Social security benefits applications are not hard to send using the internet or by personally going to any social security office in the city where
Health Insurance Update: Is your MLR rebate taxable?
You or your company may have received a check from your health insurance provider in the past couple of months indicating that this check was
Legal Retirement Advice
Everyone dreams of the ideal retirement with decent health and sufficient money to help them do all the things they never got the chance to
More Give in the Gift Tax
The Tax Cuts and Jobs Act of 2017 increased the federal estate tax exemption to $11.18 million for 2018. That’s per person, so the combined
Two Five-Year Tests for Roth IRAs
The pros and cons of Roth IRAs, which were introduced 20 years ago, are well understood. All money flowing into Roth IRAs is after-tax, so
Disaster Planning Versus Succession Planning
Business owners should have an exit strategy: a plan for the time when they’re either unwilling or unable to keep running their company. Often, that
Need Help With Charitable Gifting?
Estate planning also includes areas such as charitable gifting methods and procedures or special gifting techniques. But all of these also involve having at least
Four M&A Roadblocks and How to Maneuver Around Them
This article was written by TJT senior manager Diane J. Dennis, CPA and originally appeared in the AICPA’s CGMA Magazine.
End of Year Charitable Tax Planning
The end of the year typically is a time for making charitable donations. If that’s your practice, consider contributing shares of appreciated stocks or stock
North Carolina Tax Update
North Carolina Enacts Income Tax Deduction for Educator Expenses Legislation was enacted in North Carolina providing for an educator expense deduction against personal income taxes.
When Workers Are Independent Contractors
As business owners know all too well, hiring an employee costs more than just paying a salary. Employers generally provide benefits to employees, which can
Employer Reimbursement of Individual Premiums Prohibited under ACA
Due to the rising costs of health coverage, employers have shown interest in helping employees pay for individual health insurance policies instead of offering an
TJT Outsourced HR Services
The TJT Outsourced HR Services team can be an invaluable resource for your company’s human resources and payroll support needs. We have an “a la
New Audit Reporting Standards
The Auditing Standards Board (ASB) of the American Institute of Certified Public Accountants (AICPA) issued new auditing standards ((SAS) No. 134) in May of 2019,
Cons and Pros of Roth IRAs
Annual contributions to IRAs, including Roth IRAs, are now capped at $5,500 ($6,500 if you’re 50 or older). Roth IRA contributions aren’t tax deductible, they’re
Are Deferred Income Annuities the Right Choice for your Future?
Low investment yields have robbed many savings vehicles of their appeal. Besides bank CDs and money market funds, fixed annuities also may fail to generate
New TJT Employees
TJT Outsource Accounting added two new employees recently. Janna Winkler recently joined TJT Outsource Accounting as an account coordinator. Janna has been a controller for