Tax Strategies for Business Owners – Are you having problems with the IRS?

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Federal, State, Local and International Taxes – If you owe the IRS, you have a very serious problem. It may take the IRS several years to catch up to you, but they’re relentless and have no mercy in collecting all the money that is owed. When the collection process starts, they’ll make your life miserable and literally ruin all aspects of your life. We’re here to help you resolve your tax problems and put an end to the misery that the IRS can put you through. We pride ourselves on being very efficient, affordable, and of course, extremely discrete. Considering a Tax Professional? For no obligation free consultation contact us today!

ABA Tax Accounting

Amare Berhie, Senior Tax Accountant

amare@abataxaccounting.com

612-282-3200

866-936-0430 Toll Free

http://www.abataxaccounting.com

www.abatax81.blogspot.com

www.abataxaccounting.wordpress.com

Published in: on October 26, 2012 at 2:59 pm  Leave a Comment  
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IRS delays certain FATCA deadlines

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IRS delays certain FATCA deadlines
International Tax Strategy – The Internal Revenue Service on Wednesday announced it is delaying various deadlines relating to the Foreign Account Tax Compliance Act. Since issuing proposed regulations in February, the IRS has received numerous comments from affected parties saying the original deadlines do not give them enough time to comply with FATCA’s due diligence, withholding and documentation rules. Read the full story at Journal of Accountancy (10/2012). Considering a Tax Professional? For no obligation free consultation contact us today!

ABA Tax Accounting

Amare Berhie, Senior Tax Accountant

amare@abataxaccounting.com

612-282-3200

866-936-0430 Toll Free

http://www.abataxaccounting.com

www.abatax81.blogspot.com

www.abataxaccounting.wordpress.com

Published in: on October 25, 2012 at 5:13 pm  Leave a Comment  
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CEOs call for tax hikes, spending cuts to reduce deficit

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CEOs call for tax hikes, spending cuts to reduce deficit
Small Business Accounting –The CEOs of more than 80 of America’s biggest and best-known companies have made a joint appeal to Congress to bring the U.S. deficit under control with a combination of spending cuts and tax increases. The proposal is at odds with the arguments of other business groups that avoid the politically sensitive matter of raising taxes. Read the full Story at The Wall Street Journal (10/25). Considering a Tax Professional? For no obligation free consultation contact us today!

ABA Tax Accounting

Amare Berhie, Senior Tax Accountant

amare@abataxaccounting.com

612-282-3200

866-936-0430 Toll Free

http://www.abataxaccounting.com

www.abatax81.blogspot.com

www.abataxaccounting.wordpress.com

Published in: on October 25, 2012 at 3:36 pm  Leave a Comment  
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IRS to Tighten Controls over Refundable Tax Credits

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Federal, State, Local and International Taxes – Millions of dollars in refundable tax credits that were determined to be erroneous after taxpayers received them may never be recovered by the Internal Revenue Service, but the IRS plans to clamp down on erroneous and fraudulent claims for tax breaks such as the Earned Income Tax Credit. To read more click here. Considering a Tax Professional? For no obligation free consultation contact us today!

ABA Tax Accounting

Amare Berhie, Senior Tax Accountant

amare@abataxaccounting.com

612-282-3200

866-936-0430 Toll Free

http://www.abataxaccounting.com

www.abatax81.blogspot.com

Published in: on October 23, 2012 at 1:59 pm  Leave a Comment  
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Why Outsource Tax Preparation?

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Strategic Domestic Outsourcing – The obvious reasons companies choose to outsource business processes are to reduce operating costs and increase flexibility to respond to business requirements. By outsourcing tax return preparation to ABA Tax Accounting, your company could focus on reducing operating costs and increase profitability. Most America’s Tax professionals and CPA firms outsource tax preparation. The most successful CPAs have gone to outsourcing tax returns and now have the time and money to differentiate themselves. Do you want to discuss how ABA Tax Accounting can put low cost and 100% U.S. based outsourcing solutions to work for you? For no obligation free consultation contact us today!

ABA Tax Accounting

Amare Berhie, Managing Member

amare@abataxaccounting.com

612-282-3200

866-936-0430 Toll free

http://www.abataxaccounting.com

www.abatax81.blogspot.com

www.abataxaccounting.wordpress.com

Published in: on October 23, 2012 at 1:02 pm  Leave a Comment  
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Why Outsource Your Payroll?

Strategic Domestic Outsourcing – Small-business owners have three basic options for processing payroll: the “do-it-yourself” method, bookkeeping software, and outsourcing to a professional payroll provider.

 

What makes outsourcing the better choice? Outsourcing reduces the complexity and risk of running your own payroll, while helping ensure greater accuracy, with up-to-date tax rates and regulatory information that can be lacking in a software solution.

Other advantages of payroll outsourcing include:

  • Compliance with government regulations
  • Online solutions
  • Data security
  • Additional human resource services
  • And more

Do you want to discuss how ABA Tax Accounting can put low cost and 100% U.S. based outsourcing solutions to work for you? For no obligation free consultation contact us today!

ABA Tax Accounting

Amare Berhie, Managing Member

amare@abataxaccounting.com

612-282-3200

866-936-0430 Toll free

http://www.abataxaccounting.com

www.abatax81.blogspot.com

www.abataxaccounting.wordpress.com

Published in: on October 22, 2012 at 12:50 pm  Leave a Comment  
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Tax Planning for 2013, Various Tax Benefits Increase Due to Inflation Adjustments

Federal, State, Local and International Taxes – For tax year 2013, the Internal Revenue Service announced today annual inflation adjustments for more than two dozen tax provisions.

  • The annual exclusion for gifts rises to $14,000 for 2013, up from $13,000 for 2012.
  • The amount used to reduce the net unearned income reported on a child’s tax return subject to the “kiddie tax,” is $1,000, up from $950 for 2012.
  • The foreign earned income exclusion rises to $97,600, up from $95,100 in 2012.

Details on these inflation adjustments and others such as the low-income housing credit, the dollar limits for high-deductible health plans and other amounts can be found in Revenue Procedure 2012-41. Considering a Tax Professional? For no obligation free consultation contact us today!

ABA Tax Accounting

Amare Berhie, Senior Tax Accountant

amare@abataxaccounting.com

612-282-3200

866-936-0430 Toll Free

http://www.abataxaccounting.com

www.abatax81.blogspot.com

www.abataxaccounting.wordpress.com

Published in: on October 19, 2012 at 9:40 pm  Leave a Comment  
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Strategic Onshore Outsourcing: Freeing You to Focus on What Matters Most.

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Outsourced Accounting In a competitive global environment, the Finance & Accounting function is the most essential fundamental of any enterprise. It ensures effective operations with requisite compliance and controls, balancing expense vs. growth, reducing the cash cycle and maximizing return on investment. Consequently, businesses are channelizing their finance function to achieve superior results. Resource optimization and an innovative delivery model have facilitated Finance and Accounting Outsourcing (FAO) to become a desired financial transformation strategy. Do you want to discuss how ABA Tax Accounting can put low cost and 100% U.S. based outsourcing solutions to work for you? For no obligation free consultation contact us today!

ABA Tax Accounting

Amare Berhie, Managing Member

amare@abataxaccounting.com

612-282-3200

866-936-0430 Toll free

http://www.abataxaccounting.com

www.abatax81.blogspot.com

www.abataxaccounting.wordpress.com

Published in: on October 18, 2012 at 12:58 pm  Leave a Comment  
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Strategic Domestic Outsourcing Lowers Overhead Costs

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Strategic Outsourcing will give your business a competitive advantage and provide a reduction in expenditures.  One of the prevalent motives why businesses seek an outsourcing partner is in order to lower overhead costs and expenses. Immediate savings to the client are derived from the vendor’s lower cost in wages, benefits, and operational expenses. Do you want to discuss how ABA Tax Accounting can put outsourcing solutions to work for you? For no obligation free consultation contact us today!

ABA Tax Accounting

Amare Berhie, Managing Member

amare@abataxaccounting.com

612-282-3200

866-936-0430 Toll free

http://www.abataxaccounting.com

www.abatax81.blogspot.com

www.abataxaccounting.wordpress.com

Published in: on October 17, 2012 at 1:34 pm  Leave a Comment  
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Tax Strategy: Income Acceleration Techniques

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Income acceleration techniques for 2012 year-end planning  – The acceleration of income for tax purposes has not traditionally been a top-shelf strategy because of the simple fact that the delay of taxable income means the postponement of tax into a subsequent year, which is usually a good thing based upon time-value-of-money principles. The same reasoning applies to postponing deductions. Read the Full Story at Accounting Today (10/01).Considering a Tax Professional? For no obligation free consultation contact us today!

ABA Tax Accounting

Amare Berhie, Senior Tax Accountant

amare@abataxaccounting.com

612-282-3200

866-936-0430 Toll Free

http://www.abataxaccounting.com

www.abatax81.blogspot.com

www.abataxaccounting.wordpress.com

 

Published in: on October 16, 2012 at 5:48 pm  Leave a Comment  
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