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.
  • New Overtime Rules

    Starting Dec. 1, the salary threshold for overtime that’s been in place since 2004 will nearly double to $47,476, and it will continue to rise every three years per new regulations approved by the Department of Labor (DOL) in May. That means any employee who earns under that amount will be owed over

  • Are you an employer reimbursing employees for health insurance?

    It seems innocent enough, right? An employer reimburses an employee for what they pay for the health insurance they purchased on their own…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

  • Cannot “hide behind others and claim not to have known.”

    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 didn’t get it. U.S. Bankruptcy Ju

  • Increase of Penalties for 1099s and W-2s – $ 250.00

    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

Tax Services We offer.

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Testimonial 1

The ethics of a tax advisor is the most important criteria for which I base my client referrals. In over 5 years, I have never been disappointed and my clients have never had a complaint. Derek is efficient, honest, fair, and loyal and goes miles beyond the call of duty to get the facts and get the job done right !
 

Testimonial 2

The ethics of a tax advisor is the most important criteria for which I base my client referrals. In over 5 years, I have never been disappointed and my clients have never had a complaint. Derek is efficient, honest, fair, and loyal and goes miles beyond the call of duty to get the facts and get the job done right !
 

Testimonial 3

The ethics of a tax advisor is the most important criteria for which I base my client referrals. In over 5 years, I have never been disappointed and my clients have never had a complaint. Derek is efficient, honest, fair, and loyal and goes miles beyond the call of duty to get the facts and get the job done right !