Breaking Tax News

On May 4, 2017 (my birthday…just thought I’d mention that) the House passed a modified version of the American Health Care Act (AHCA), however it is still pending approval by the Senate.  There are many uncertainties surrounding the bill’s impact since it has not been scored by the Congressional Budget Office, but Forbes summarized it as “a huge tax cut for the rich…” Naturally a bill with the words ‘health care’ Read More

Retirement Contribution Options

Retirement Contribution Options Most of the money-saving options available to potentially lower tax bills must happen by December 31st of each year. However, there are still a few things you can do to make this tax filing season cheaper and easier such as retirement contributions. If you didn’t make all the right changes by December 31st, 2016 there may still be time for you to potentially save thousands of Read More

2016 Tax Law Modifications That Will Affect You This Tax Season

2016 Tax Law Modifications That Will Affect You This Tax Season Tax laws change every year, but it is important to give great attention to those that affect your refunds and payments. We have highlighted five changes that will affect the majority of taxpayers in the upcoming tax season. To learn more about changes to tax laws that directly affect your household, please contact our office for an appointment. 1- Read More

Congratulations to our 2016 Desnoyers Non-Profit Contest Recipient Mindful Kids Miami!

Congratulations to our 2016 Desnoyers Non-Profit Contest Recipient Mindful Kids Miami! Mindful Kids Miami, Inc. (MKM), is a 501(c)(3) non-profit organization founded in 2011 by Valerie York-Zimmerman, a Certified Mindfulness-Based Stress Reduction Teacher and her husband, Leonard A.  Zimmerman, M.D. MKM seeks to bring the benefits of mindfulness to children from pre-K through the 12th grade in Miami-Dade County. Read More

4 Ways To Handle Huge Tax Bills

As tax season approaches we want to ensure our clients know their rights as tax payers. Even if you are selected to be audited, assessed penalties, or have a huge tax bill to pay after filing, you still have rights. Knowing your taxpayer rights can help ease your fears, frustration, and angst around filing taxes, or handling your tax issues in the upcoming season. In 2014 the IRS adopted the Taxpayer Bill of Read More

U.S. Department of Education shuts down colleges across the nation

On September 6th, 2016 over 40,000 students in 38 states across the U.S. received the disparaging news that ITT Technical Institute would be closing its doors due to bankruptcy. This news came as a shock to its students, especially those that were less than one semester away from graduation. On August 25th, 2016, just a couple of days before the shutdown, ITT Technical Institute received notice from the U.S. Read More

What does the 2016 Presidential Election mean to you, your business, and your family?

Every presidential candidate enters into the race with their own proposed plan for the nation. Whether their focus is on the economy, homeland security or healthcare, there is usually an underlying tax implication that affects us as individuals, business owners or investors. Although you can learn a lot from the media about what is happening in the 2016 Presidential Election, a great place to learn about the tax Read More

My teenager wants a summer job, will it affect my taxes?

Summer is here, and your child may be interested in getting a summer job. One of the biggest concerns for parents of children who work, is how the family will be affected at tax time. We have compiled some simple answers to some of the most commonly asked questions by parents and students preparing for this milestone. If my child gets a job, can I still claim him or her at tax time? Yes, generally parents can Read More

A Brief Introduction to the Affordable Care Act’s Tax Implications

If you haven’t heard about the Affordable Care Act—better known as Obamacare—in the last 5 years then you must have been living under a rock. This healthcare legislation was signed into law by President Obama in 2010 in order to help increase the accessibility to affordable healthcare for Americans nationwide. And like it or not, it is the law of the land and you must adhere to its requirements, including the tax Read More

7 Tips to Help You Prepare and Get Organized This Tax Season

If you are like a majority of Americans, tax season tends to sneak up on you. You turn the corner into the new year and before you know it, you are scrambling to gather all the documentation you need and get your taxes filed on time. This is an extremely stressful process for most, but a little preparation and organization can go a long way towards taking the sting out of tax season. Ideally, you will take steps Read More