Category Individuals


2017 Economic & Investment Outlook

  At the start of each year, we like to take a closer look at what happened over the last twelve months. This helps us gain a better perspective of our economic standing, as well as a clearer view of what’s to come in 2017. Let’s refer back to the total returns for 2016:   …


New Email Phishing Scam Targeting QuickBooks Users

On January 25, the Better Business Bureau issued a warning about a new email phishing scam that targets the users of Intuit’s QuickBooks accounting software programs.  The scam email contains a subject line of “QuickBooks Support: Change Request” and looks like a legitimate email from Intuit.  The body of the email requests a confirmation about …


Upcoming Deadlines

Can you believe it is September already?  As we head towards the fourth quarter, it’s time to start thinking about the upcoming deadlines remaining this year.  There are tax deadlines coming up, and the deadline for implementing new Department of Labor regulations. September 15th: Third quarter estimate – If you have business income, investment income,  1099 income, or …


IP PIN Online Program Halted

The IRS’ system for preventing identity theft has run into a bit of a problem.  Hackers have exploited the system to steal people’s identities.  Last week, there were reports that identity theft victims who had received their PINs from the IRS were finding that someone else had still managed to file a return under their name. …


Tax Extender Bill Passed

The $680 billion tax extender bill has passed.  It seems that every December, taxpayers and business owners are anticipating the tax extender bill nearly as much as the holidays.  The Protect Americans from Tax Hikes (PATH) Act of 2015 has arrived gift-wrapped and just in time.  This year there was a major change from prior …


St. John’s County Votes for Sales Tax Increase

In an off year election cycle, voters in St. John’s County Florida have elected to add a local sales tax rate of a half cent effective January 1, 2016.  The new sales tax rate will be 6.5%, rounded up to the nearest penny.  The money is intended for local schools as the St. John’s County …


The NYSE Shut Down… and It Was a Big Non-Event

Late this morning, the NYSE shut down due to an IT malfunction. The SEC, FBI, the Treasury Department, and the White House have released statements indicating that this was not an act of cyber terrorism. All of the agencies continue to monitor the situation. The glitch was solely due to an internal malfunction of the …


SCOTUS Rules on Obamacare Subsidies

We have received the SCOTUS ruling on the Obamacare subsidies. The Supreme Court handed down a 6-3 ruling in favor of the Affordable Care Act in the King v. Burwell case. The case centered on the question of whether the law provided assistance to individuals purchasing health insurance through the federal exchanges as well as …


Responding to the IRS Breach

On May 26, the IRS reported that thieves had managed to access approximately 104,000 individual taxpayer accounts through the ‘Get Transcript’ application. Thieves gained access to the information by using information from third-party sources to login online and answer personal security questions. The question now is how you should be responding to the IRS breach. The …


IRS Reports Spike in Identity Theft

2013 saw a significant spike in tax return related identity theft. According to the IRS, cases of identity theft were up 66% for the filing season a year ago. Based on what we have seen this season, that statistic is sure to rise. Most people hate filing tax returns. Aside from being cumbersome, tax filings often come …

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