by Royer Advisors | Dec 11, 2024 | Financial Planning, Tax Planning, Tax Preparation
The Social Security system has been questioned by people for years. In June, the Social Security Board of Trustees released its annual report on the long-term financial status of the Social Security Trust Funds. It projects that the combined asset reserves of the...
by Royer Advisors | Dec 11, 2024 | Business Plans, IRS Regulation, Tax Planning, Tax Preparation
Take note if your organization employs seasonal workers or part-timers for the holidays: The IRS has issued a Health Care Tax Tip on how these individuals affect whether your business is subject to the shared responsibility provisions of the Affordable Care Act (ACA)....
by Royer Advisors | Dec 11, 2024 | Accounting Standards, Financial Planning, IRS Regulation, Tax Planning, Tax Preparation
This is a useful library of some IRS publications covering issues that can affect businesses and employers. The rules are often complicated and can be difficult to implement. Contact your tax adviser for more information. Title Publication Number Description Basis...
by Royer Advisors | Dec 11, 2024 | Deductions, IRS Regulation, Tax Planning, Tax Preparation
The Protecting Americans from Tax Hikes (PATH) Act of 2015 locked in favorable depreciation rules for business use of “heavy” SUVs, pickups and vans. You may be able to write off the entire business-use portion of a heavy vehicle’s cost in the first...
by Royer Advisors | Dec 11, 2024 | Business Plans, Deductions, IRS Regulation, Tax Planning, Tax Preparation
Under the Protecting Americans from Tax Hikes (PATH) Act of 2015, many tax breaks have been retroactively expanded for 2015 and beyond, and in some cases been made permanent. Now that the new law has settled, individuals and small business owners can plan ahead with...
by Royer Advisors | Dec 11, 2024 | IRS Regulation, Tax Planning, Tax Preparation
It happens all the time. Shortly after filing their tax returns, many taxpayers discover a deduction they overlooked or some income that should have been included. You might find yourself needing to change things on your tax return; maybe due to a discovery of a...
