The scammers are at it again, they are hitting Ulster County hard this time. Please remember the IRS does NOT contact you via phone. Do not give any information to anyone claiming to be the IRS.
Tax Issues for Independent Contractors
Beginning on Jan. 1, 2016, the standard mileage rates for the use of a car (also vans, pickups or panel trucks) will be: 54 cents per mile for business miles driven, down from 57.5 cents for 2015 19 cents per … Read More
Welcome new staff, and get the latest tax info for the upcoming filing season. 2015 Year End Letter
Starting on December 31, 2015 the minimum wage for NYS is increased to $9.00/hour. For tipped employees the minimum wage is 7.50 with a tip offset of 1.50.
A quick and easy search online can be extra money this holiday season! Check to see if there is any for you at the Comptrollers office by clicking here http://www.osc.state.ny.us/ouf/
What happens if I apply early or later for Social Security Benefits? Click on the link for a short explanation. Financial Planning – When Should You Apply for Social Security
If you were born before April 30, 1950 the File and Suspend option is expected to be eliminated on May 1, 2016. See attached link for more information. Financial Planning – Changes in Social Security Rules
Do you have losses in your portfolio? Consider selling before 12/31 to receive up to $3000 in possible tax deductions. Click here for more information: Financial Planning – Realizing Capital Gains and Loses at Year End
There is an alarming amount of people receiving calls from the “IRS” claiming there is money due from your taxes, that they are going to arrest you if you do not comply, or various other threats. The IRS contacts you by … Read More