Affordable Care Act Tax Provisions for Individuals and Families

Tax Time and the Health Care Law: The individual shared responsibility provision requires that you and each member of your family have qualifying health insurance, a health coverage exemption, or make a payment when you file. If you, your spouse and dependents had health insurance coverage all year, you will indicate this by simply checking […]

The Affordable Care Act and Employers

Information on Key Tax Provisions Affecting Employers FS-2014-10, November 2014 The Affordable Care Act (ACA) contains several tax provisions that affect employers. Under the ACA, an employer’s workforce size is significant because this information determines which provisions apply. The IRS is conducting an information campaign to educate taxpayers about some of the basics of the […]

Tax Facts about the Affordable Care Act for Individuals and Families

Details on Key Provisions Affecting Individuals FS-2014-09, November 2014 The most important ACA tax provision for individuals and families is the premium tax credit, which took effect on January 1, 2014. Individuals without coverage and those who don’t maintain coverage throughout the year must have an exemption or make an individual shared responsibility payment. These […]

Intuit and Square Form a Strategic Partnership

On Tuesday September 24th, Intuit and Square announced a new integration! In other words, Quickbooks could be becoming more than just accounting software. Intuitive Accountant says it best: Click here to read more

Do You Need a More Robust Version of QuickBooks?

October 2013 Do You Need a More Robust Version of QuickBooks? Maybe you just need to study your current version thoroughly. But it might be time to move up. If QuickBooks were just one product, its appeal would be more limited than it is. Because there’s an entire family of Windows desktop software applications (as […]

Receiving Inventory With or Without Bills in QuickBooks

July 2013 Receiving Inventory With or Without Bills in QuickBooks From Ghost Partner and Steele Martin Jones When your goods come rolling in, be sure to document them correctly. You’re probably happy to see couriers delivering inventory items you’ve ordered since it means you can ship to customers, but recording the new stock means yet […]

Learning How to Protect Your Finances within QuickBooks!

June 2013 Learning How to Protect Your Finances within QuickBooks! Although it might be hard to believe, many cases of “Financial Fraud” come from within one’s own organization.  Therefore it is quite important to learn how to protect your finances not just from the outside, but from the inside as well! A recent QuickBooks blog […]

Your First Hour with QuickBooks Online

May 2013 Your First Hour with QuickBooks Online From Ghost Partner & Steele Martin Jones Intuit’s cloud-based accounting solutions get you up and running fast. QuickBooks Online has been slowly evolving for over a decade, but one thing has remained constant: simplicity. These web-based versions – built from scratch, from the ground up – are […]

Q and A with Tom Jones (CPA, a partner with Steele Martin Jones & Company)

*(Questions also printed in the Jackson Sun)* Q:  I notice for the first time this year that my employer lists the amount of health insurance paid on my W-2.  Do I get a deduction for that? A:  Employees are seeing a new code on their Forms W-2 in box 14, a Code DD.  This is […]

New! If you are a business accepting tax exempt certificates…

If you are a business accepting tax exempt certificates (meaning your customer thinks they are exempt), you can verify that on the TN Revenue website. TN Revenue Website According to the State of Tennessee Department of Revenue: “Tennessee businesses often have customers who wish to make purchases free from sales tax, either because they intend […]