March 6, 2018
Why business owners should focus on the results and not get lost in the politics of offering health benefits to their employees. Offering health benefits to employees used to be a simple decision for business owners. Plans were competitive and if you were not able to offer your employees coverage, they could just go buy a policy themselves. That tone […]
November 19, 2017
If you own or are considering buying a vacation home, there are many ways to benefit from a secondary residence. The obvious advantage is using your second home for vacations and blissful retirement dreams. Or, you could rent the property through Airbnb and make some money, right? But before you let the romance carry you away, consider the tax consequences […]
August 30, 2017
A Health Savings Account, or HSA, is a unique, tax-advantaged account that can be used to pay for current or future healthcare expenses. How much am I saving? If you have a family of 4, it is likely that you will spend $6,750 in dental, vision, co-pays & scripts throughout the year. If you are in the 28% Federal Bracket […]
July 21, 2017
If you find yourself owing state taxes at the end of the tax year and are interested in redirecting some of your money away from the government, you’ve found the right article. The State of Arizona offers what they call Arizona Tax Credits, which are dollar-for-dollar tax credits that any taxpayer may take advantage of. Here are some of the […]
December 15, 2016
At eeCPA, we prefer to form Limited Liability Companies with the State and then make a tax-election to be treated as an S-Corp for income tax reporting purposes. Why? A limited liability company is a more flexible entity structure from a tax perspective. You can choose to be taxed as a Sole Proprietor (if only one member) or a Partnership […]
December 24, 2015
Protecting Americans from Tax Hikes Act – 11th Hour Tax Deductions for 2015 Congress created the PATH Act, Protecting Americans from Tax Hikes Act of 2015, which was passed and signed into law on December 18th, 2015 by President Obama. The PATH Act of 2015 includes many tax breaks that expired at the end of 2014 and would need to […]