ABC Consulting Rules

03/14/2016

Employers that want to claim the revived Work Opportunity Tax Credit (WOTC) get extra time. A new notice carries transitional relief for eligible employers claiming the WOTC, as retroactively extended by last year’s PATH Act. The transitional relief gives employers until June 29, 2016, to file a form necessary to claim the credit for certain eligible workers, who began (or begin) work between Jan.1, 2015, and May 31, 2016. The WOTC allows employers who hire members of certain targeted groups to get a tax break on first-year wages. Contact us for help claiming it.

03/14/2016

Did you receive a late or incorrect 2014 Affordable Care Act (ACA) Marketplace statement? The IRS has clarified what to do if you received a “failure to pay” penalty as a result. People enrolled in a qualified ACA health plan in 2014 should have received a Form 1095-A statement in the mail in Feb. 2015. Many of these forms had incorrect data. If you had an unpaid balance on your tax return due to an inaccurate form, the failure-to-pay penalty can be waived. But you must file an amended return soon. Contact us to find out how to take advantage of the relief.

03/14/2016

A properly designed trust helps safeguard assets against claims by a beneficiary’s creditors. To that end, it’s advisable to appoint an independent, professional trustee. But if it’s otherwise desirable to name the trust’s primary beneficiary as trustee, these strategies might help preserve creditor protection (depending on the state): adding a spendthrift clause to the trust, using ascertainable standards, and appointing a co-trustee and naming at least one other beneficiary. Contact us to learn more about creditor protection and trusts.

03/07/2016

Are you an entrepreneur or thinking about launching a business? Be aware that not all start-up expenses can be deducted on your federal tax return right away. Some expenses may have to be amortized over time. You might be able to deduct up to $5,000 currently, but the deduction is reduced by the amount by which your total start-up costs exceed $50,000. The tax rules are complex and write-offs aren’t allowed until the “active conduct” of your new enterprise commences. Contact us. We can help you maximize your deductions for a start-up business.

03/01/2016

The Importance of Visual Content Marketing

Visual content marketing is more successful than any other form of communication. Marketers who embrace visual content reap the rewards of higher returns – in terms of more fans, followers, readers, leads, clients and, of course, revenue.

02/22/2016

How to Prospect Using Twitter, LinkedIn, and Facebook

Discover how Twitter, LinkedIn and Facebook make it easy to develop relationships with potential customers before you ask for a meeting.

02/18/2016

10 Celebrity Almost-CPAs

For these ten entertainers, almost doesn t count.

02/17/2016

LinkedIn Mobile: What Marketers Need to Know

Social Media Marketing Podcast 183. In this episode Viveka von Rosen will explore the latest mobile apps from LinkedIn and what they mean for marketers.

02/17/2016

6 Steps to Updating Your Social Media Profiles During a Rebrand

Do you need to update your social identity? Discover a checklist that will help you rebrand your social media profiles.