AKDiscussions

Praxis Growth Advisors, Inc. Named Rookie of the Year by Sandler Training 03.17.15

PRESS RELEASE Boston Area Franchise Wins International Award Praxis Growth Advisors, Inc. Named Rookie of the Year by Sandler Training  Norwell, MA – Sandler Training, the world’s leading sales and management training franchise, is pleased to announce that Eric Warner, owner of Praxis Growth Advisors, Inc. (PGA) of Norwell, MA, was named Sandler’s Global Rookie […]

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Senate extends ‘temporary’ tax breaks for 2014 – President Obama expected to sign bill 12.17.14

NEW YORK (CNNMoney) —Well, finally.  Congress on Tuesday night extended dozens of expired “temporary” tax breaks for 2014. It took the Senate, by a 76 to 16 vote, until the week after Congress was supposed to adjourn to pass the bill, which the House had already approved. The bill will now be sent to President […]

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WHITE PAPER: Independent Contractor Misclassification Update 2012 – How Companies Can Minimize the Risks 11.24.14

This White Paper is a 2012 update to the 2010 White Paper of the same title first published by Pepper Hamilton LLP on April 26, 2010. “Misclassification of employees as independent contractors” is now a common phrase uttered by state and federal legislators and regulators. State task forces have been formed to crack down on […]

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New e-file Requirement for Business Entities – FTB CA 11.03.14

Greetings, As a reminder, Assembly Bill 2754 was into law September 19, 2014.  AB 2754 requires that beginning January 1, 2015, for taxable years beginning on or after January 1, 2014, any business entity that files an original or amended tax return prepared using tax preparation software is required to electronically file (e-file) their return […]

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Tax Refund Size Increased This Year By Michael Cohn 10.28.14

The average tax refund in 2014 was $2,696, up 1.5 percent from the average refund of $2,656 in 2013, according to a new report on how well the Internal Revenue Service operated last tax season. The report, from the Treasury Inspector General for Tax Administration, found that the IRS managed to function well this past […]

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401 (k) Contribution Limits Increased For 2015 10.27.14

Chart of Select Limits 401k Plan Limits for Year 2015 2014 2013 2012 2011 2010 2009 401k Elective Deferrals $18,000 $17,500 $17,500 $17,000 $16,500 $16,500 $16,500 Annual Defined Contribution Limit $53,000 $52,000 $51,000 $50,000 $49,000 $49,000 $49,000 Annual Compensation Limit $265,000 $260,000 $255,000 $250,000 $245,000 $245,000 $245,000 Catch-Up Contribution Limit $6,000 $5,500 $5,500 $5,500 $5,500 […]

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Small Business Owners Discuss Concerns Before Election 10.23.14

Interesting Article by SurePayroll: http://blog.surepayroll.com/october-2014-scorecard/

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What You Need to Know About the Tax Amnesty Program 08.22.14

A provision in the FY15 Massachusetts state budget establishes a tax amnesty program for two consecutive months during the 2015 fiscal year for certain tax types. What is this tax amnesty program? When you don’t pay your taxes in full when they are due, interest and a variety of penalties continue to be assessed until […]

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Nine reasons why entrepreneurs should hire an accountant 08.22.14

Jennifer Warawa Contributed to The Globe and Mail PublishedTuesday, Feb. 25 2014, 5:00 AM EST Last updatedMonday, Feb. 24 2014, 1:17 PM EST Considering the number of startups that fail in the first year of business, and the challenges entrepreneurs face on a daily basis, it’s apparent that we must help startups understand the importance […]

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Eight Tax Savers for Parents 02.11.14

Your children may help you qualify for valuable tax benefits. Here are eight tax benefits parents should look out for when filing their federal tax returns this year. Dependents.  In most cases, you can claim your child as a dependent. This applies even if your child was born anytime in 2013. For more details, see Publication 501, […]

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