Tax Season

Tax Season

ACA Information for Employers Counting Full-time and Full-time Equivalent Employees

The Affordable Care Act, employers average their number of employees across the months in the year to see whether they will be an applicable large employer.
To determine if your organization is an applicable large employer for a year, count your organization’s full-time employees and full-time equivalent employees for each month of the prior year.
If you are a member of an aggregated group, count the full-time employees and full-time equivalent employees of all members of the group for each month of the prior year. Then average the numbers for the year.
Employers with 50 or more full-time equivalent employees are applicable large employers and will need to file an annual information return reporting whether and what health insurance they offered employees. In addition, they are subject to the Employer Shared Responsibility requirement.
FYI:

• A full-time employee is an employee who is employed on average, per month, at least 30 hours of service per week, or at least 130 hours of service in a calendar month.
• A full-time equivalent employee is a combination of employees, each of whom individually is not a full-time employee, but who, in combination, are equivalent to a full-time employee.
• An aggregated group is commonly owned or otherwise related or affiliated employers, which must combine their employees to determine their workforce size.

Per irs.gov
If you have questions call 972-296-4237 or 888-707-9915.

The Count Down Started

The Count Down Started...... Tax Season Ends In 4 days.

Don't Get a Penalty. File and Extension for $58.

Call 972-296-4237972-296-4237 or 888-707-9915888-707-9915

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Need To File An Extension? $58.00 Only

Who's doing your taxes this year?

April 15 is the last day to file your taxes.

Are you ready to file? Do you need to file an Tax Extension?
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Give us a call and we can file your Extension over the phone! $58.00 Only

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We services all 50 states.

Call 972-296-4237972-296-4237 or 888-707-9915888-707-9915 

Check out our website: www.besprofessionalservices.com

When can I file my Taxes 2015?

Great question! This is something that my clients have been calling and asking about.

Be's Professional Services can help you with your filing needs we work all 50 states and can get it done.

We have 4 ways you can file with our office!

They are listed below:

Email: besprofessionalservices@gmail.com

Fax: 469-454-2575 or

Call your information in 972-296-4237972-296-4237 or 888-707-9915888-707-9915. (Please be advised that if you call information in we will require you to fax or email your documents within 24hours for processing.) or

File On Line: http://prep.1040.com/besproservices/

Here’s a calendar of helpful dates and deadlines for filing your taxes in 2015.

January 5, 2015

IRS usually have all tax forms available to file for individuals by January 5th, 2015.

January 20, 2015

IRS e-file goes live and begins accepting returns on January 20, 2015. If you filed your taxes with us before this date, this is when the IRS will begin accepting your 2014 tax returns. This date has not been verified by the IRS yet, Congress and IRS having their act together (ha!).

January 31, 2015

Deadline for your employer to mail you your 2014 W-2. Note this is a mailing deadline, not a receipt deadline, so if your company is slacking, it may take a few extra days to get it via snail mail. Many employers offer electronic versions via the same website you can view your pay checks. If you received unemployment income, this is also the deadline for the state(s) to provide you with a 1099-G.

April 15, 2015

Also known as “tax day.” Most people believe this is the deadline to file your income taxes. That’s close enough. It’s actually a payment deadline rather than a filing deadline. If you owe IRS additional taxes, you must file and pay them by this date to avoid fees and penalties. If you’re getting a refund, this deadline doesn’t apply to you.

October 15, 2015

If you filed an extension and owe additional taxes, this is your deadline to file your completed return and pay any remaining taxes owed.

Tips for Year-End Gifts to Charity

Many people give to charity each year during the holiday season. Remember, if you want to claim a tax deduction for your gifts, you must itemize your deductions. There are several tax rules that you should know about before you give. Here are six tips from the IRS that you should keep in mind:


1. Qualified charities. You can only deduct gifts you give to qualified charities. Remember that you can deduct donations you give to churches, synagogues, temples, mosques and government agencies.

2. Monetary donations. Gifts of money include those made in cash or by check, electronic funds transfer, credit card and payroll deduction. You must have a bank record or a written statement from the charity to deduct any gift of money on your tax return. This is true regardless of the amount of the gift. The statement must show the name of the charity and the date and amount of the contribution. Bank records include canceled checks, or bank, credit union and credit card statements. If you give by payroll deductions, you should retain a pay stub, a Form W-2 wage statement or other document from your employer. It must show the total amount withheld for charity, along with the pledge card showing the name of the charity.

3. Household goods. Household items include furniture, furnishings, electronics, appliances and linens. If you donate clothing and household items to charity they generally must be in at least good used condition to claim a tax deduction. If you claim a deduction of over $500 for an item it doesn’t have to meet this standard if you include a qualified appraisal of the item with your tax return.

4. Records required. You must get an acknowledgment from the charity for each deductible
donation (either money or property) of $250 or more. Additional rules apply to the statement for gifts of that amount. This statement is in addition to the records required for deducting cash gifts. However, one statement with all of the required information may meet both requirements.

5. Year-end gifts. You can deduct contributions in the year you make them. If you charge your gift to a credit card before the end of the year it will count for 2014. This is true even if you don’t pay the credit card bill until 2015. Also, a check will count for 2014 as long as you mail it in 2014.