Sass Accounting

CLICK HERE for the ACA Addendum Form The Patient Protection and Affordable Care Act (PPACA) 2010 HR3590, or Affordable Care Act (ACA) for short, is the new health care reform law in America and is often called by its nick-name Obamacare. The Patient Protection and Affordable…

The standard mileage rates for 2021 are: Please note that we have included the 2020 and 2021 mileage rates for your comparison. 2021 Rates are now available Mileage                 2021 Rate/Mile       2020 Rate/Mile Business Travel     …

The October 24, 2018, draft of the 2018 Form 8965 shows a change in the penalty exceptions for not having insurance. Many exceptions to the penalty require an approval number from the Marketplace.  There are various codes A-G that do not require Marketplace approval.  In…

In the wake of the Tax Cuts and Jobs Act, IRS released both a new Withholding Calculator and an updated Form W-4. The new calculator provides employees with information they need to include on the new Form W-4 in the event that employees need to make changes to their withholding….

2019 Tax Rates Etc as Indexed (taxes due April 2020)                                       Single 10% bracket tops at $9,700 12% tops at $39,475 22% tops at $84,200 24% tops at $160,725 32% tops at $204,100 35% tops at $510,300 37% applies to anything over $510,301 MFJ 10% bracket…

The HSA amounts are indexed earlier in the year (normally in May) than other indexed items (normally in December).  Here are the indexed amounts for HSAs for 2020 according to Revenue Procedure 2018-30. ** The CONTRIBUTION limitations for 2020 are: Single coverage is $3,550 Family…

We want to serve each of our clients in a timely manner. It is not fair for us to ignore voicemail, email or clients in the office, because someone chooses to do their communications via one form of instant messaging or another. When those people…

Please read the new publication JUST released from the IRS written for the taxpayer explaining how the tax reform affects their taxes. From Pub 5307: Overview of the Tax Cuts and Jobs Act Major tax reform that affects both individuals and businesses was enacted in December…

It’s here, the Tax Cuts and Jobs Act has passe both houses and been signed by President Trump. First let me say that there will more tax legislation in the coming days. This bill with our current tax system will create some unintended consequences. A…

Be Smart About Security at Tax Time Although the IRS reports a 400 percent surge in phishing and malware incidents during the 2016 tax season, there are simple steps you can take to help protect yourself. Here are nine hints that can help: Beware of…