We proudly report that Mitch Green recently received his Certified Public Accountant (CPA) designation from the State of Michigan. Mitch has worked for Geenen & Kolean the last year and a half, and currently works as a staff accountant in the firm. He assists our clients with tax return preparation, Quickbooks accounting, and various payroll-related […]
Thank You 2015 Interns!
Each year we hire an intern to assist us during the busyness of tax season. This year, we hired two great students from Hope College. We’d like to take this opportunity to thank them for all their hard work this season. Thanks guys! Here’s a little more information about this year’s interns: Tyler […]
Track Your Mileage
We’ve had many clients ask us how to keep track of miles driven for business purposes. IRS Publication 463 includes a table showing the required information for proper recordkeeping: Date Destination Business Purpose Beginning and Ending Odometer Total Miles It’s not too late to have the best 2015 mileage log ever. Try one of these […]
Completed W-9 Forms Ease 1099-MISC Preparation
Were you caught off guard when it was time to prepare 1099-MISC forms for your vendors? You should have a completed Form W-9 on file for all vendors that you do business with. A Form W-9 will give you the Federal ID number of the vendor, type of entity, and the correct company name and […]
Form 1095-A Update
Last week, it was announced that 800,000 taxpayers who received health care coverage through HealthCare.gov were sent incorrect Form 1095-A statements. If you are not sure if your Form 1095-A was affected, check your HealthCare.gov account. You should see a message that informs you if your Form 1095-A was affected. If you were affected by […]
Health Insurance Marketplace Statements
If you or anyone in your household purchased health insurance through the Health Insurance Marketplace in 2014, you will be receiving a Form 1095-A. You will need this form to prepare your tax return. What do you need to know about Form 1095-A? You will receive this form from your Marketplace, not the IRS. You should be […]
Frequently Asked Questions – Tax Season Resources
As we enter into tax filing season, we’d like to take this opportunity to address some frequently asked questions. You can check your Federal refund status by visiting their Where’s My Refund? page. The State of Michigan also offers a Where’s My Refund? page. We often get asked: Are my Social Security benefits taxable? Click […]
Affordable Care Act and You
The 2014 tax season is expected to be one of the most challenging in recent history due to the new Affordable Care Act. The Affordable Care Act (ACA) required almost all U.S. citizens to have basic health insurance coverage (also known as minimum essential coverage) for all of 2014. There are many tax implications that […]
Don’t Worry, Tax Season Will Begin on Time
Earlier this week, the IRS announced that the 2015 tax filing season will open as scheduled on January 20, 2015. The IRS will start accepting efiled tax returns at that time. This comes after Congress renewed a number of extender provisions and the President signed them into law on December 19, 2014. For more information, […]
