Your one-stop source for all your business, tax, and bookkeeping needs!Derek Collotta EA, LLC is a one-stop source for all your business, tax, and bookkeeping needs. Our staff of accounting professionals is here to help make the tax return and bookkeeping portion of you and your business as easy as possible. We tailor our services to fit your needs and do not run away when the IRS or State Agency come a calling. At Derek Collotta, EA LLC we know businesses faces an ever-changing and increasingly complex tax environment. It makes us as crazy as you sometimes. That’s why we work with you throughout the year, not just at tax time, to help you structure and implement tax strategies that legally minimize your tax burden. Derek Collotta, EA LLC will take you step by step and implement these structures and strategies in an easy, painless method. Our Staff has developed a professional network of attorneys, financial planners, and payroll services to assist you with your needs.
It seems innocent enough, right? An employer reimburses an employee for what they pay for the health insurance they purchased on their ownâ€¦as of July 1, 2015 this is actually a BIG problem. The Department of Labor has responded to the Affordable Care Act (ACA) with a provision of their own. It impos
Judge Rejects Ex-Billionaire Wyly's Claim of Tax Ignorance (Bloomberg) Former billionaire Sam Wyly may have been hoping for a better outcome on his home turf as a Texas judge weighed tax-evasion claims related to the fraud trial he lost in New York two years ago. He didnâ€™t get it. U.S. Bankruptcy Ju
On June 29, 2015 Congress passed a bill signed into law by the President doubling all information reporting penalties. This increases the penalties on not filing 1099s and W-2s or filing incorrect ones. The Legislation increases the penalties under sections 6721 and 6722 from $100 to $250 per return
Expensive Clothing We all like to look nice, especially for business purposes. But youâ€™re expected to arrive to work fully clothed (looking nice is a bonus). Baby Grand Piano A client, who was a humanities professor, thought he could deduct a piano. Unless the professor was providing lessons as part
1) Not Changing Lifestyle After Retirement 2) Failing to Move to More Conservative Investments 3) Applying for Social Security Too Early 4) Spending Too Much Money Too Soon 5) Failure To Be Aware Of Frauds and Scams 6) Cashing Out Pension Too Soon 7) Not Being Effective Tax-Wise During Retirement 8)
Tax Services We offer.