Health Reimbursement Accounts (HRA’s) are back after the signing of the 21st Century Cure Act, effective January 1, 2017. There are new rules (of course!) that come right along with them for 2017 (as well as some transitional relief for…
Beginning Jan. 1, 2017 the standard mileage rates will be: 53.5 cents per mile for business miles driven (down from 54 cents per mile in 2016) 17 cents per mile for medical or moving purposes (down from 19 cents per…
This week is National Tax Security Awareness Week. It’s a good time to refresh your security awareness. Many people spend time on their computers buying gifts, gathering year end tax information, and making other financial transactions. We wanted to remind…
Today, BakerStarrett is celebrating our 5th year of service. We thank our clients and employees for their contributions to our continued success. Over the past 5 years we have worked towards our goal to be “More than your typical accounting…
Do you have a child going off to college in the fall of 2017? Be aware they are making the application for FAFSA available to you October 1st and you will be using your 2015 tax information for students applying…
It’s back to school time! This week has been full of first day pictures, nervousness for both parents and kids, and the first of the last for those seniors! We wanted to make sure you remember some tax advantages for…
Lisa Shiver is an integral part of the BakerStarrett team. She joined our team in December of 2011. Lisa brings over five years of experience to our team! Lisa wears many different hats here at BakerStarrett. When you stop by,…
MILEIQ App – Are you familiar with it? It’s the easiest and most user-friendly app to track an individual’s mileage. Let’s take a look at why this app has remained at the top of the App Store sales charts and…
A health savings account (HSA) is a triple tax-free account, where you make pre-tax contributions, which grow tax-free, and can be withdrawn tax-free to pay for eligible health care expenses for yourself, spouse, or tax dependents.
Many small contractors don’t take the time to evaluate their current jobs in progress. Here are a few reasons that may lead you to do so: Profitability Evaluation: by keeping close tabs on your job’s price quote, your expenses related…