Many parents pay for childcare or day camps in the summer while they work. If this applies to you, your costs may qualify for a federal tax credit that can lower your taxes. Here are 10 facts that you should know about the Child and Dependent Care Credit: Your expenses must be for the care of one or more qualifying…
It has been reported in the news that there are e-mails with very damaging attachments circulating. Try your best to not fall victim to these type of emails. The e-mail was sent with an attachment which contained a virus or trojan attachment. It was reportably sent from AT&T and said that the employee had received a voice mail. The e-mail contained…
Many municipal comptrollers have asked me how to recognize unanticipated revenue resulting from a grant. Most commonly, they want to know if it’s okay to offset the receipt of these funds with expenditures resulting from the grant since they were not budgeted. In most cases, the answer is no, revenues and expenditures must be recognized on a gross basis. The…
Graduation day is coming quickly for high school seniors everywhere, many of whom are eager to start their college careers in the fall. And after completing numerous applications, nervous interviews and what seemed to be endless hoops through which they jumped, a lucky few are left holding not only acceptance letters, but full or partial scholarships to the school of…
In today’s world of cutbacks, the role of employer and employee has become increasingly complex. Many individuals find themselves providing the same services they once did as traditional employees in increasingly less traditional working relationships as employers seek to reduce overall costs. As these roles change, many questions arise as to whether these new relationships are classed as independent contractors…