News & Articles

State of the Union: What Might Be Ahead?

Posted on Mon, Feb 10, 2014

President Obama's State of the Union address on January 28 wasn't groundbreaking. Instead it introduced a set of "concrete, practical proposals" to speed up growth and empower the middle class. The speech essentially rehashed old ground and outlined President Obama's priorities for the remainder of his term.

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Tags: EHTC Article, CPA Firm, President Obama, State of the Union Highlights

Pressure Builds to Raise Minimum Wage. What Does it Mean?

Posted on Mon, Feb 10, 2014

President Obama has upped the ante on the minimum hourly wage front, asserting he will raise it to $10.10 per hour for workers on new federal contracts. That means he plans to bypass Congress, and issue an executive order. Of course, in order to raise the minimum wage for all workers, Congress would have to act. What, if anything, does President's Obama's announcement mean for employers? 

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Tags: EHTC Article, CPA Firm, Fair Labor Standards Act, Raise Minimum Wage, President Obama

Can You Guess the Six 'Most-Hated Taxes' in America?

Posted on Mon, Feb 10, 2014

It's award season in Hollywood. It's also the beginning of tax season and time to start thinking about the annual filing ritual. Nobody likes taxes but some are worse than others. In the spirit of the Academy Awards, Golden Globes, Grammys, etc., here are six candidates for the most-hated taxes in America. 

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Tags: State and Local Tax, EHTC Article, CPA Firm, Most-Hated Taxes, EHTC

Scorecard of Key Expired Tax Breaks

Posted on Mon, Jan 27, 2014

For many individuals and businesses, ringing in the New Year has been bittersweet. That's because some of their favorite federal income tax breaks expired on December 31, 2013. Continue reading to see which deductions and credits are gone, unless Congress votes to retroactively extend them for 2014. 

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Tags: Michigan State and Local Tax (SALT), Expired Individual Tax Breaks, Expired Business Tax Breaks, business consulting, CPA Firm, 2013 Key Expired Tax Breaks, EHTC

New Rules Ease Limits on Dental, Vision Plans

Posted on Mon, Jan 27, 2014

The reach of the Affordable Care Act (ACA) is not unlimited. The law itself creates exceptions from key requirements for certain benefits, referred to as "excepted" benefits. Keep reading to learn more information about new proposed regulations related to these exceptions as well as to learn about a new category known as "wraparound benefits." 

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Tags: Healthcare, EHTC Article, Dental Coverage, Vision Plans, Wraparound Coverage, ACA, CPA Firm, Echelbarger

What's New on Your 2013 Form 1040

Posted on Mon, Jan 27, 2014

The IRS starts processing individual tax returns on January 31. But beware. Upper-income taxpayers could owe significantly more when they file their returns this year. Here's more information on the key tax law changes that took effect for the 2013 tax year. 

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Tags: CPA Firm, Echelbarger, Higher, EHTC, Individual Tax Increases, Medicare Tax, Capital Gains

Smart Hiring: Time for a Refresher Course?

Posted on Mon, Jan 13, 2014

Can you, without the benefit of clairvoyance, avoid choosing the wrong job candidate? In most cases, yes. But first you need to take a fresh and, if possible, objective look at your current approach, and identify ways to improve it. It's likely that most every employer has regretted a hiring decision at least once, even if there was no fiasco involved. 

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Tags: EHTC Article, Smart Hiring, Employers, Human Resources, Interviewing Candidates, business consulting, CPA Firm, EHTC

2014 New Year’s Resolution: Tone Your Finances

Posted on Mon, Jan 13, 2014

When was the last time you evaluated your financial position and spending habits? It's easy to allow finances to become bloated and flabby, especially during the holidays. As you ring in the New Year, take time to review your personal and small business budgets for opportunities to operate more lean and fit in 2014 and beyond. 

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Tags: EHTC Services, EHTC Article, 2014 Resolution, Tone Your Finances, Checklist for Small Businesses, business consulting, CPA Firm

Important Tax Figures for 2014

Posted on Mon, Jan 13, 2014

Every year, the dollar amounts allowed for various federal tax benefits are subject to change based on inflation adjustments and legislation. Here are some important tax figures for 2014, compared with 2013, including the estate tax exemption, Social Security wage base, qualified retirement plan and IRA contribution limits, driving deductions, allowable business write-off amounts and more. 

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Tags: Federal Tax Benefits, Tax Figures for 2014, 2014 Taxes Compared to 2013, CPA Firm, Echelbarger, EHTC

Get Ready for ACA Changes Coming Your Way This Year

Posted on Tue, Dec 31, 2013

With all the delays, website malfunctions, and general confusion surrounding the Affordable Care Act, you may have the misguided impression that little of significance will change in 2014. Such a notion needs to be corrected. Read on, to learn key provisions which kick in for plan years beginning with 2014.

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Tags: Changes in ACA, CPA Firm, Affordable Care Act, Employer Pay-or-Play Penalty, EHTC