Employer Health Care Reporting Postponement
The effective date of the employer mandate provision of the Affordable Care Act (ACA) has been postponed until January 1, 2015. The mandate was originally scheduled to go into effect…
The Competitive Edge
Talley Melton, Celebrating 50 Years
The Competitive Edge, Volume 3 Issue 3 | May 2013
Talley Melton grew up in Houston with his brother, Palmer, and two sisters. Talley attended San Jacinto High School where he met Carolyn. They were 19 when they decided to…
Golden Opportunity for Small-business Owners
The Competitive Edge, Volume 3 Issue 3 | May 2013
Are you contemplating the purchase of new equipment or other assets for your small business? It’s a good time for many business owners to “spin straw into tax gold.” Reason:…
Coping with the New 3.8% Medicare Surtax
The Competitive Edge, Volume 3 Issue 3 | May 2013
Some high-income investors face a “tax increase” this year that has nothing to do with the new American Taxpayer Relief Act (ATRA). Under the Patient Protection and Affordable Care Act…
Timeline of 2013–2018 Tax Changes in Health Care Reform Legislation
Volume 3 Issue 3 | May 2013, The Competitive Edge
Three years ago, Congress passed legislation that overhauls the U.S. health care system and affects nearly all taxpayers, many employers, and many elements of the health care industry (The Patient…
We Will Meet You at the Starting Line
The Competitive Edge, Volume 3 Issue 2 | March 2013
The term “busy season” calls forth images of CPAs working long hours handling clients’ financial reports and tax returns. Indeed, January through April is a very demanding time of year…
Do You Need More Time to File?
The Competitive Edge, Volume 3 Issue 2 | March 2013
Are you having trouble getting all your tax return information together in time for the April 15th deadline? Don’t despair. You can request an automatic six-month filing extension—no questions asked…
Don’t Commit the Seven Financial Sins
The Competitive Edge, Volume 3 Issue 2 | March 2013
The “seven deadly sins” often referred to in religious literature are wrath, greed, sloth, pride, lust, envy and gluttony. Although it usually does not involve the same soul-searching, you may…
A “Perfect Storm” of Tax Deductions
The Competitive Edge, Volume 3 Issue 2 | March 2013
Disaster often strikes quickly, with little or no warning, as in the case of Hurricane Sandy last year. The occurrence of a “perfect storm” or some other event—such as a…
Filing Requirements for the Upcoming Tax Season
The Competitive Edge, Volume 3 Issue 1 | January 2013
The IRS recently announced that the majority of taxpayers can start filing their taxes on January 30, regardless of whether they do so electronically or on paper. Tax returns affected…