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VT Tax & Finance Blog

IRS ISSUES GUIDANCE ON HEALTH FSA SALARY DEDUCTION LIMITS

Aug 17, 2012
Recently the IRS issued Notice 2012-40 which provides guidance on health flexible spending arrangements (health FSA) salary deductions limits.

BOOKKEEPING SERVICES REMAIN AN INTEGRAL PART OF VERMONT BUSINESSES

Aug 17, 2012
Per the Milwaukee Journal, October 3, 1986, The first published work of bookkeeping as it is known today occurred in 1494 in Italy and was written by a Venetian monk named Luca Pacioli.  Bookkeeping principles…

SIMPLE IRAS

Aug 17, 2012
A reminder on matching contributions for employers with SIMPLE IRA's: Matches must be on a participant's annual salary...

THE FBAR DEADLINE IS COMING - JUNE 29!

Aug 17, 2012
Reminder: The U.S. government has become increasingly concerned about, and focused on, offshore tax evasion.

QUICKBOOKS 2009 DISCONTINUATION

Aug 17, 2012
Since early March, the Intuit QuickBooks Payroll Team has informed payroll customers that as of May 31, 2012, payroll service for QuickBooks 2009 will be discontinued.

POLL: VERMONTERS CONCERNED ABOUT THE ECONOMY

Aug 17, 2012
The economy and health care are the two biggest problems facing Vermont, according to a new poll.

WORKSHOP: "QUICKBOOKS FOR MAC"

Aug 17, 2012
Davis & Hodgdon Associates CPAs and Small Dog Electronics are pleased to present the free seminar: "QuickBooks for Mac" on Thursday, June 14th!

IRS ANNOUNCES PLAN TO CLOSE 43 OFFICES

Aug 17, 2012
In a move to reduce overall spending, the IRS announced yesterday that it will be closing 43 of its smaller offices and consolidate other offices...

TAX PLANNING FOR 2012

Aug 17, 2012
Corporate and individual tax deadlines have come and gone for 2011; now is the time to start planning for 2012! Here are some tax-planning points to consider:

INTERNAL CONTROLS IN THE WORKPLACE

Aug 17, 2012
Good internal controls are important in the majority of workplaces today for a variety of reasons - from the neighborhood grocery store to the doctor's office.

AICPA TOTAL TAX CALCULATOR

Aug 17, 2012
On Tuesday, May 15th the AICPA introduced their first version of the 'Total Tax Insight Calculator', an online tool that provides you an estimate...

MEDICAL INSURANCE PREMIUMS AND S-CORPORATIONS

Aug 17, 2012
A common issue that comes up with S-corporations is how to account for medical insurance premiums paid by the company.

SIMPLE STEPS TO SAVINGS: PART 4

Aug 17, 2012
Symbols = Savings - The 'Symbols' savings is a tool that helps you put a symbolic value or key to the amount you want to save.

VERMONT TAX ADVISORY BOARD ANNOUNCED

Aug 17, 2012
The Vermont Department of Taxes announced yesterday, May 10, 2012, the creation of a Vermont Tax Advisory Board. According to the VDOT website, the Board has three objectives:

SIMPLE STEPS TO SAVINGS: PART 3

Aug 17, 2012
Learn to live off what you have left - This savings tool is the hardest one in our listing but is the best tool to live by. ..

SIMPLE STEPS TO SAVINGS: PART 2

Aug 17, 2012
Can't Touch This Account - Another great tool for saving money is setting aside funds into a separate account that is hard to touch.

REBUILDING TOGETHER*GREATER BURLINGTON PROJECT DAY

Aug 17, 2012
On Saturday, May 5, 2012 Rebuilding Together*Greater Burlington had their 16th Project Day where they put on two home renovations....

SIMPLE STEPS TO SAVINGS: PART 1

Aug 17, 2012
Did you know that on average Americans only save a nickel of every dollar? If you were to save a quarter a day you would have $91.25 for yearend.

SOCIAL SECURITY STATEMENTS - AVAILABLE ONLINE

Aug 17, 2012
The Social Security Administration just announced that Social Security Statements are now available online. Statement mailings were discontinued in early 2011, and...

SOCIAL SECURITY HEADING FOR INSOLVENCY

Aug 17, 2012
Social Security is moving faster than ever towards insolvency due to retired baby boomers, and a weak economy and politicians' reluctance to...