Alicia Sisk Morris CPA

12 Jan Affordable Care Act’s new Tax Form 1095-A

Posted at 16:02h in Individual Tax by Alicia 0 Comments

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If you or anyone in your family has purchased insurance through the Affordable Care Act Insurance Marketplace (likely Blue Cross and Blue Shield if you live in NC), then you will be receiving a new tax form in the mail. It is the 1095-A. If...

05 Jan Tax Saving Tips: Adjusting your withholdings

Posted at 16:06h in Business Tax, Individual Tax, Uncategorized by Alicia 0 Comments

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Make up a tax shortfall with increased withholding. Don’t forget that taxes are due throughout the year. Check your withholding and estimated tax payments now while you have time to fix a problem. If you’re in danger of an underpayment penalty, try to make up...

22 Dec Tax Saving tips: New home office deduction

Posted at 20:25h in Uncategorized by Alicia 0 Comments

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Understand the new home office deduction safe harbor. You can deduct some of the cost of your home if you use your home as your principal place of business, use it to meet clients and customers in the normal course of business, or your office...

18 Dec Tax Saving Tips: Itemized Deductions

Posted at 11:17h in Individual Tax, Uncategorized by Alicia 0 Comments

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Bunch itemized deductions. Many expenses can be deducted only if they exceed a certain percentage of your adjusted gross income (AGI). Bunching itemized deductible expenses into one year can help you exceed these AGI floors. Consider scheduling your costly non-urgent medical procedures in a single...

11 Dec Tax Saving Tip from your local CPA

Posted at 16:09h in Accounting Tips, Business Tax, General Business Tips, Individual Tax, Tax Tip Monday by Alicia 0 Comments

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Accelerate deductions and defer income. Deferring tax is a cornerstone of tax planning. Generally, this means accelerating deductions into the current year and deferring income into next year. There are plenty of income items and expenses you may be able to control. Consider deferring bonuses,...

27 Nov Partnership Agreements – What is it and what do I need to consider?

Posted at 16:16h in accounting, Accounting Tips, Articles of Interest, Business Tax, General Business Tips, Individual Tax, Non Profits, Uncategorized by Alicia 0 Comments

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Partnerships and Agreements Each state (with the exception of Louisiana) has its own laws governing partnerships which are contained in what is normally called “The Uniform Partnership Act” or the “Revised Uniform Partnership Act”. These statues spell out the rules that apply to partnerships in...

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12 Jan Affordable Care Act’s new Tax Form 1095-A

05 Jan Tax Saving Tips: Adjusting your withholdings

22 Dec Tax Saving tips: New home office deduction

18 Dec Tax Saving Tips: Itemized Deductions

11 Dec Tax Saving Tip from your local CPA

27 Nov Partnership Agreements – What is it and what do I need to consider?

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