Next Generation Accounting Firms provide clients with the highest level of client service and professional support. At Leppert Group, LLC, we go beyond the numbers to partner with clients—working year round to ensure you stay on a healthy financial path. We also offer an ...
Service-based businesses require specialized accounting, tax, payroll and other financial services—and our firm delivers. Our experts have years of experience helping service-based businesses in a wide range of industries successfully manage their day-to-day “back-office” financial operations as well as creating strategic plans for long-term success.
If your business spends $600 or more for services from another business or an individual contractor during the tax year, you may have to report the amount on a Form 1099. The requirement to file 1099s applies to all types of businesses, C-Corporations, S-Corporations, LLCs, all partnerships, and sole proprietorships. Forms 1099 are normally issued to unincorporated...
Happy New Year! Now that the holidays are over, it’s time to get serious about reviewing where you stand from a tax perspective. As you may recall, in 2013 Congress and President Obama made a budget deal to avoid the fiscal cliff which resulted in seven tax increases. In addition to these increases, the introduction of the Affordable Care Act (also known as Obamacare) also included six...
With the end of the year on the horizon, many individuals with flexible spending accounts (FSAs) are scurrying to spend residual funds to avoid “losing” them, in accordance with IRS regulations. However, the regulations have now changed with the IRS easing the “use-it-or-lose-it” rule for health flexible spending plans. Individuals with FSAs can now carry over a maximum of $500 to...
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