June 2018 - Philadelphia CPA
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June 2018

The Affordable Care Act (ACA) does not apply to a business that has only one employee. This opens the door (likely regardless of what lawmakers do with the ACA) for what we are going to call the 105-HRA. We created this name from its two predecessors: ...

You can plan your tax-deductible business life to avoid cold winters and hot summers. Spend a moment examining the following four short paragraphs that contain the basic facts from the Andrews case. For six months of the year, from May through October, Edward Andrews lived in Lynnfield,...

 You hate IRS penalties; everyone does. I may have explained that I have the IRS’s first-time abatement procedure, which is a valuable tool to defeat IRS penalties. The IRS recently clarified that first-time abatement is truly “first-time”: It applies to only one tax period per taxpayer per...