by ABIP | Apr 10, 2014 | Taxes
What Hasn’t Changed in 2014 As annualized inflation has been tame, the IRS has left some yearly limits and thresholds unaltered for 2014. Here is a list of key unchanged items: Traditional/Roth IRA Contribution Limit $5,500 ($6,500 if 50 or older this year)...
by ABIP | Apr 4, 2014 | Taxes
Tax Changes Regarding COLAs for 2014 Our fourth part of the IRS 2014 Tax Changes series is dedicated to the changes regarding the Cost of Living Allowance (COLA). The first 3 articles of this IRS Tax Changes series focused of Tax changes related to the Health Care...
by ABIP | Apr 3, 2014 | Taxes
Tax Changes Affecting Individuals & Households While the IRS made tax changes related to the Health Care Reform and to Businesses, these changes are also affecting Individuals and Households. The main changes concern mortgages, fees and tuitions, educator expense,...
by ABIP | Apr 1, 2014 | Taxes
Tax Changes Affecting Businesses As you may have read in our first IRS 2014 Tax Changes article, the IRS made tax changes related to the Health Care Reform. In the second part of our IRS 2014 Tax Changes series, we will focus on tax changes related to businesses. The...
by ABIP | Mar 27, 2014 | Taxes
Tax Changes Related to Health Care Reform 2014 has brought a few changes and alterations to taxes, especially as it relates to health care reforms. Indeed, the Affordable Care Act has prompted a few significant changes. Additionally, a host of tax provisions created...
by ABIP | Mar 27, 2014 | Taxes
2014 has brought a few changes and alterations to taxes for 2014. In addition, the 2013 federal government shutdown affected the start of the 2014 tax season. The first area affected by the IRS tax changes is health care. In particular, everything related to health...
by ABIP | Feb 26, 2014 | About ABIP
HOUSTON – FEBRUARY 11, 2014 – Over 650 of West Houston’s business community attended the 16th Annual Star Awards Luncheon and Economic Development Summit on Friday, February 7, 2014 at the Omni West Houston Hotel. This year there were six (6) key competition...
by ABIP | Feb 25, 2014 | Taxes
When filing your taxes, you must report all your incomes on your federal income tax return. However because of some exceptions, some of it is not taxable. Most people are confused about the difference in what is taxable and what actually falls under the IRS’...
by ABIP | Feb 19, 2014 | Non-Profits
The financial statements of nonprofit organizations need to be examined by a qualified, independent and objective professional. The purpose of doing so is to determine their accuracy and whether they fairly reflect the NPO’s financial situation. These statements must...
by ABIP | Feb 13, 2014 | Taxes
One of the benefits of owning rental properties is the ability to take a depreciation expense deduction on your income tax return. But what is depreciation? And how is it calculated? And what will my benefit be? Depreciation is used to recover the cost of your rental...
