Category Individuals

21
Jan

ACA Update Affects QuickBooks Users

The recent ACA update is poised to affect QuickBooks users in several ways. If you are one of many QuickBooks users who runs payroll through QuickBooks, there are some additional steps you may need to take to ensure your payroll is operating correctly.  First, some background: The Affordable Care Act (ACA), also known as Obamacare, …

21
Jan

Sonny Martin Joins the GunnChamberlain Team

It is a new year and GunnChamberlain, PL is expanding once again!  In December, Sonny Martin joined the GunnChamberlain team, bringing his staff as well.  Mr. Martin is a long time friend and former partner of Marshall Gunn and brings 35 years of public accounting experience to the firm.  Together, the team of Marshall Gunn, …

14
Jan

Web Organizers Are Available

Starting January 14th, our client web organizers are available for the 2013 tax year!  If you would like the online version of your organizer emailed to you, please contact us at mmcleod@gunnchamberlain.com.  Our online web organizer provides information based on your prior year’s tax return to help you complete this year’s return.  There is also …

19
Dec

Tax Filing Season Delayed to January 31

A 16-day shutdown of the government in October has resulted in the IRS delaying the tax filing season to January 31.  This will create some of the same headaches taxpayers and preparers endured last year when a last minute fiscal cliff deal delayed the opening of tax season.  The people it will hurt the most …

11
Nov

S Corp Tax Status Targeted Again

While recent deals have postponed financial disasters such as the “Fiscal Cliff”, “Default”, and “Government Shutdown”, each of these monsters are once again waiting just around the corner.  As a result, Congress is back to the drawing board in an attempt to strike up a grand bargain to prevent the next scheduled crisis.  The grand …

15
Oct

Cancellation of Debt: What it Means to You

Cancellation of debt is an issue that we see increasingly often while preparing tax returns and is something that every taxpayer should understand.  Any time there is a short sale, or a foreclosure, or any other such transaction, there is cancellation of debt.  These are not the only circumstances in which cancellation of debt occurs, …

1
Oct

IRS Offices, Call Centers Closed… Taxpayer Requirements Unaffected

The IRS offices and call centers are closed! But don’t get excited yet… it’s not going to be a tax holiday. If you call the IRS, you’ll hear the following greeting: “Due to the current budget situation, all IRS offices are closed. We will resume normal operations as soon as possible. All tax payment and …

25
Sep

FAQ on the ACA Forms and Deadlines

We have been receiving a lot of questions in our office about the ACA forms due October 1 to be distributed to all employees.  We would like to take a moment to answer those questions and others with our own FAQ on the ACA forms and deadlines: 1. Do these forms need to be distributed …

24
Sep

IRS Comes Out With Same-Sex Marriage Answer

The IRS has finally come out with an answer to the question of how same-sex marriage will be taxed among the varying states.  Kiplinger is reporting that as of September 16 all legally married same-sex couples must file jointly or married filing separate regardless of what state they live in.  This answers the question of …

16
Sep

Important Notice to All Employers: Obamacare Has Begun!

If your business has employees, there is a critical change in the law that affects you in a massive way… and it kicks in on October 1, 2013. Notices are due to all employees. Here’s what you need to know. Keep in mind that virtually all employers are subject to this notice requirement. Further, employers must provide …

Page 4 of 14