Monthly Archives: December 2014

Popular Tax Breaks Extended for 2014

On Dec. 16, the Senate passed the Tax Increase Prevention Act of 2014 (TIPA), which the House had passed on Dec. 3. President Obama has indicated that he will sign the bill as soon as it reaches his desk. TIPA is the latest “extender” package, a stopgap measure that retroactively extends through Dec. 31, 2014, certain tax relief provisions that expired at the end of 2013. It was drafted after the collapse of negotiations over a bill that would have made some of the provisions permanent, while extending others for two years. Continue reading

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AICPA Brings Accounting and Review Standards Into 21st Century

Breanna Kingsolver, CPA, Supervisor The American Institute of Certified Public Accountants (AICPA) has issued Statement on Standards for Accounting and Review Services (SSARS) No. 21. Some analysts say this update is the biggest change to the accounting and review standards … Continue reading

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Tax Breaks When Caring For a Parent

Vincent Mazzone, Senior Accountant Providing care for a parent, grandparent or other older relatives can be rewarding. But it can also be expensive. Fortunately, some federal tax breaks can help ease the financial strain. Claiming a parent as a dependent … Continue reading

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Important 2015 Dates To Remember

The following is a list of important payroll and payroll related dates: By January 31 Furnish Forms 1099 and W-2. Furnish each employee a completed Form W-2, Wage and Tax Statement. Furnish each other payee a completed Form 1099 (for example, … Continue reading

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DMLO CPAs Acquires Healthcare Practice Consultants, LLC

We are very pleased to announce the expansion of our service to the medical and dental community through the acquisition of Healthcare Practice Consultants, LLC (HPC). The successor to Service Bureau for Doctors, founded in 1930, HPC is believed to … Continue reading

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