Tax Season Comes to a Close
Another successful tax season has come and gone. We were as busy as we've ever been as our business continues to grow. It was great to see everyone and we really appreciate your business and continued support. If any of you have any questions about your recently filed taxes, or have any other tax or accounting issues, please don't hesitate to give us a call or email. We are available all year to meet your needs and answer your questions. If you missed the deadline and still need to file your tax return, please contact us to set up an appointment. The sooner you get your return filed, the sooner you will receive your refund.
There have been numerous changes to the tax laws over the last couple of months. Health care reform and the Jobs bill brought many tax changes for both individuals and businesses. We've included a couple of articles in this newsletter to help explain some of the changes that were made and how they affect you. If you have any questions about the new laws or if you are wondering how they affect you, feel free to contact us to discuss. Enjoy this month's newsletter! |
The Patient Protection and Affordable Care Act (H.R. 3590), passed by Congress on Sunday, contains numerous tax provisions. The Reconciliation Act of 2010 (H.R. 4872), which also passed the House on Sunday, contains many other tax items, including extending the general exclusion for reimbursements for medical care expenses under an employer-provided accident or health plan to any child of an employee who has not attained age 27 as of the end of the tax year and codifying the economic substance doctrine. The reconciliation bill has not yet passed the Senate.
|
