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Individual Tag

 

Health Coverage Tax Credit

24 Sep, by Jschultz in Accounting, Tax, Tax-Preparation

What is the Premium Tax Credit As part of the provisions of the Affordable Care Act some taxpayers will become eligible for the Premium Tax Credit when filing their 2014 individual income tax return. This is a refundable tax credit that is intended to offset…




Repost – Michigan Taxes

18 Sep, by Jschultz in Accounting, Tax, Tax-Preparation

On the August 2014 Michigan ballot, voters will be asked to repeal the personal property tax. Rather than attempt to persuade you one way or another on the issue, I will provide you with some perspective. With the “Great Recession” coming to an end we…




US Savings Bonds

16 Feb, by Jschultz in Tax, Tax-Preparation

Schultz & Associates, CPA is a metro Detroit accounting, auditing and income tax preparation and advisory firm. If your in of income tax Royal Oak may not have the right local firm you are looking for. US. Savings Bonds can be a good way to…




Retirement Plans

12 Feb, by Jschultz in Accounting, Tax, Tax-Preparation

    Many employers like the idea of retirement plans for employees. When business owners look for complex tax planning opportunities, depending on the size of the company and the goals of the owners, they will some time consider deferred compensation plans.  These are considered…




Tax Prep in Vicinity of Dearborn CPA

30 Jan, by Jschultz in Tax, Tax-Preparation

Schultz & Associates is not a Dearborn CPA firm though we do have strong ties to the community.   Individual Filer Rates: $0 to $8,925 = 10% rate $8,926 to $36,250 = 15% $36,251 to $87,850 = 25% $87,851 to $183,250 = 28% $183,251 to…




Tax Tables 2014

29 Jan, by Jschultz in Tax

The 2014 tax table can be found below.  They are critical in help clients during the tax planning stage. When tax planning it is necessary to plan during the year. If your are planning for 2014, by the time 2015 rolls around it is too…




Dividend Tax increase for 2013

28 Jan, by Jschultz in Tax, Tax-Preparation

  The Dividend tax increase to 20% starting in 2013 for certain high income earners.The threshold for married taxpayers is $450,000 while the threshold for single filers is $400,00. The IRS deems dividends as distributions of property by a corporation to its shareholders. The distribution…




CPA Northville Michigan

27 Jan, by Jschultz in Tax, Tax-Preparation

CPA Northville Michigan vicinity.  Schultz & Associates, CPA is ready to efile your federal individual income tax return for 2013. For 2013, an employee can exclude up to $250 per month of employer-provided qualified parking, transit and van pooling benefits. This means that an employer…




CPA Canton MI

27 Jan, by Jschultz in Tax, Uncategorized

If you are looking for a CPA Canton MI, consider a short drive to Plymouth to work with one of the largest firms in the area.   Today’s tip is to consider making a tradition IRA contribution prior to April 15, 2014 and you will…