Blog
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And the Oscar Goes To …
The IRS wants their share of all that bling at the Oscar ceremony and apparently they get it too. The winners of the awards don’t get a cash award (just more prestige and presumably higher future earnings), but the losers …
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Still waiting on your 1099 Div’s?
Most people should have received all of their tax forms needed to prepare their income taxes, but some people are still waiting on their dividend statements from their brokerage accounts. Apparently due to reclassification rules, many of the large financial …
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How Will the Affordable Care Act Affect Your Tax Returns?
At SBS we are busy preparing tax returns already and we are getting many questions regarding the Affordable Care Act and how it will affect your tax return. On our tax planner the first question asks: “Did you and all …
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Labor Law Posters
Labor Law Posters are designed to educate employees on their employment rights and what to do if they feel their rights are being compromised. Some states (but not Indiana) actually have a requirement that these posters be in Spanish. The …
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Tax Season has Finally Arrived!!!
It has finally arrived: the tax filing season for 2014 taxes. Taxpayers should start receiving their W-2’s, 1099’s, 1098’s, etc… rapidly in the next few days and weeks. SBS CPA Group would love to help you with the preparation of …
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Form 1099 Requirements
Please ensure you are following the rules in regards to the issuance of 1099’s. Congress changed these rules in 2011, then later reversed some of those changes. This has led to a great deal of confusion as to the current …
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IRS Announces 2015 Mileage Rates
We will get an extra 1 ½ cents a mile for our business mileage next year. The IRS announced the 2015 business mileage rate will be 57.5 cents per mile in 2015. The medical mileage rate for 2015 was actually …
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Small Business Saturday
We kick off the holiday shopping season with Black Friday, and Cyber Monday, but did you know there is a Small Business Saturday too? Of course it is just another marketing gimmick, but I think it is an important message …
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Are you ready for year-end?
The snow has come early this year and perhaps that is making me think about the end of the year. As I start running around buying groceries for Thanksgiving and presents for Christmas, it is easy to forget about business. …
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Property Assessment on Residential Rental Real Estate in Allen County
Many of our clients have residential rental properties. The trick to making this type of investment profitable is to keep expenses as low as possible. One of the constant expenses with rental property is the property tax. A homestead exemption …
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