BLS Insights

Discover the depth of BLS knowledge and information.

Month: January 2016

The Affordable Care Act and Your Tax Return

January 25, 2016

It’s tax time! This means it’s now time to report your compliance (or lack of compliance) of the Affordable Care Act to the IRS. If you and every member of your household had health insurance coverage the entire year, compliance is as simple as checking the box on line 61 of Form 1040 (line 38 of Form 1040-A, or line 11 of Form 1040-EZ).

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Common QuickBooks Errors for Closely Held Businesses

January 18, 2016

Many of our clients who own closely held businesses do not have a full-time accountant on payroll.

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Business Extenders: Protect your Business from Tax Hikes

January 11, 2016

Are you in the post-holiday gloom and seeking excitement for another year of business? You may receive inspiration from the money-saving possibilities afforded by the Protecting Americans from Tax Hikes (PATH) Act of 2015.

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Individual Tax Extenders: PATH Act Makes Significant Changes to Popular Federal Tax Breaks

January 04, 2016

After long hours of negotiations, Congress passed the first significant tax legislation since the passage of the American Tax Relief Act of 2012 (ATRA).

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Need Additional Information?

If you need more information, please contact us so we can connect you with one of our CPA advisors who will be committed to your business and personal success. BLS is here to help!