Are you paying your fair share?
Tax policy often hinges on questions of fairness, in particular, are the wealthiest Americans paying enough in taxes compared to middle- or low-income earners. According to recent IRS statistics, high-income earners continue to pay a greater percentage of their income in taxes. Kiplinger reports that in 2012, the most recent year available, the top 1 […]
Be sure to stay on top of quarterly tax payments
To make sure that individuals pay their federal income taxes, the government requires that sufficient funds are withheld from salaries or else it mandates that the taxpayer pay an estimated withholding amount each quarter. Estimated tax payments are typically four equal payments that are normally paid on April 15, June 15, September 15 and January […]
Don’t get tripped up by these healthcare pitfalls
As all are aware, the Affordable Care Act, or ACA – commonly known as Obamacare – is a very complex law. As we have continued to learn more about the law and how it impacts our clients, we have identified two “pitfalls” that employers need to be aware of and avoid. Independent Contractors: When calculating the […]
Thought for the day
A group of high net-worth individuals that was recently asked how much wealth would it take to trigger true contentment said it would take two or three times their current net worth. Michael Norton and Elizabeth Dunn, who penned Happy Money, said it’s not the next level of wealth that brings joy. Instead, the authors […]
Good evening for a good cause
The annual Atlanta Ronald House gala was another great success attended by many Sparkmon & Associates, CPAs, team members and their spouses. At right, Lindsey and Jay Pierce greet Ronald McDonald himself. At left, Rusty and Heidi Pearson get into the spirit of the evening, donning their red noses.