Lesemann & Associates PLLC Accounting and Small Business CPA Syndicated Articles from Other Sources

  • Website Costs and Taxes – How to Deduct & When to Deduct

    Ever since Al Gore “invented” the World Wide Web, business use of websites has become widespread and if attributable to a viable legal business, the expenses incurred for a website are deductible.¬† However, the method used and the approach taken is still up for debate. Why? – Believe it or not, the IRS has still […]

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    Six Last Minute Tax Tips

    Here are six last-minute things to keep in mind as the due date for most individuals’ 2012 federal income tax returns approaches. File on time, pay any taxes due The due date for 2012 federal income tax returns is April 15, 2013. If you’re not going to be able to file your federal income tax […]

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    April is Financial Literacy Month

    Do you picture yourself owning a new home, starting a business, or retiring comfortably? These are a few of the financial goals that may be important to you, and each comes with a price tag attached. That’s where financial planning comes in. Financial planning is a process that can help you reach your goals by […]

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    Health-Care Reform: Tax Changes for Individuals

    The health-care reform legislation signed into law in 2010 contained a number of tax changes¬†Some of these changes took effect immediately; others won’t have an impact until 2014 or later. Here are some of the changes worth noting: Changes in effect prior to 2013 If you frequent tanning salons, you already know that the health-care […]

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    Health-Care Reform: Replacing Myths with Facts

    The Patient Protection and Affordable Care Act (ACA) passed in 2010 is incredibly broad in scope, so it’s probably not surprising that there’s a good deal of confusion about it, and a number of inaccurate and misleading claims that have been circulated. Here’s some information to help separate fact from fiction. Myth: The health-care law […]

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    There’s Still Time to Contribute to an IRA for 2012

    There’s still time to make a regular IRA contribution for 2012! You have until your tax return due date (not including extensions) to contribute up to $5,000 for 2012 ($6,000 if you were age 50 by December 31, 2012). For most taxpayers, the contribution deadline for 2012 is April 15, 2013. You can contribute to […]

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    Government Regulations Describe Minimum Benefits That Must Be Included in Most Health Plans

    A major part of the Affordable Care Act (ACA) is the requirement that non-grandfathered health insurance plans offer an essential health benefits package that provides a comprehensive set of services. In February, the U.S. Department of Health and Human Services issued final regulations defining the services that must be included in most health plans, beginning […]

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    Looking Backward and Forward on Entitlement Programs

    Last year’s presidential election, along with the more recent fiscal cliff and debt ceiling negotiations, have put the spotlight on our nation’s tax policy, deficit, and entitlement programs. For some, entitlement programs are necessary–a social compact for America in an era of longer life spans, the decline of employer-provided pensions and health insurance in retirement, […]

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    Understanding “Sequestration”

    If you like political drama, you’re in luck. It seems like just yesterday the news was filled with references to the fiscal cliff. Now, coming to theaters everywhere, is “sequestration.” Look for more political confrontation to unfold as sequestration gets under way. What exactly is sequestration? “Sequestration” refers to a series of automatic, across-the-board spending […]

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    Cost-of-Living Adjustments: What They Are and Why They Matter

    The rising costs of food, gas, electricity, and health care can strain anyone’s budget. The situation is even worse if your living expenses increase while your income stays the same, because your purchasing power will steadily decline over time. That’s why cost-of-living adjustments, or COLAs, are especially valuable to retirees and others living on fixed […]

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