Online Access Wherever, Whenever

Online Access Wherever, Whenever

The CPA Group PC is now offering clients the opportunity to access their important tax documents and financial records online. Clients will be able to access documents such as tax returns, financial statements, payroll tax reports, W-2’s and 1099’s, and personal financial statements from computers, tablets and mobile devices. Through this access, clients will also have the ability to safely and securely exchange files, including Quickbooks files and documents needed for tax preparation, with The CPA Group PC. If you are interested in setting up online access, please contact your accountant at The CPA Group PC or email us at...
Merry Christmas

Merry Christmas

All of the staff at The CPA Group PC would like to wish our clients and the many other professionals we work with a MERRY CHRISTMAS and HAPPY NEW YEAR. As we reflect on 2013 we are grateful for the opportunity we’ve had to work with each of you. We’re excited to see what 2014 will bring and look forward to seeing many of you this tax...
Preparing for 2014

Preparing for 2014

014 is right around the corner and there is no better time to review the retirement contribution limits for the coming year.  Reviewing these limits now will allow employees to to adjust their payroll deductions and self employed individuals to begin saving so that contributions can be maximized by year end.  For those participating in 401k or 403b plans, the maximum contribution limits remain unchanged from 2013 at $17,500 for those under age 50 and $23,000 for those 50 and older.  IRA and Roth IRA contribution limits also remain unchanged at $5,500 for those under 50 and $6,500 for those 50 and older.  Simple IRA contributions are limited to $12,000 again this year for those under age 50.  If the Simple IRA plan allows, those 50 and over may contribute $14,500.  The contribution limits for a SEP or Keogh plan were increased this year to $52,000.  As with many of these plans, there are income requirements and limitations when maximizing contributions.  We would be happy to discuss the specifics of each type of plan with...
Change Is In The Air

Change Is In The Air

As the end of the year approaches, we are again reminded of the many changes in the tax laws that have gone into effect in 2013. This year has brought new tax brackets, different capital gains rates, two new surtaxes, a phase out of itemized deductions and exemptions for some taxpayers and many other changes. If you are concerned how these changes may impact you, we’d encourage you to contact us. We look forward to the opportunity to help you navigate these changes and offer suggestions on how you might minimize their...