THF congratulates Christie Battles and William Groom on receiving their CPA license. Christie Battles received her bachelor’s degree in accounting and her master’s degree in accounting with a focus on assurance services from Florida State University. Christie began working in public accounting in January 2014 when she joined the THF team. At THF, Christie is […]
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Did you know if you are looking for a new job, you may be able to deduct some job-hunting expenses on your federal income tax return? Here are five facts to know about deducting costs related to job searches: Same Occupation. Expenses are tax deductible when the job search is in your same line of […]
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As teachers, administrators, and aides have kicked off the new school year, taxes may not be heavy on their minds just yet. However, knowing what to track throughout the school year can help reduce the burden at tax time. There are three key work-related tax benefits that may help educators reduce what they pay in taxes. […]
Tallahassee Magazine is proud to spotlight the top 2 businesses voted per category in the 2017 “Best of Tallahassee” at their event on Nov. 1 at The Hangar at Million Air Tallahassee (at Tallahassee International Airport). Readers voted some 200 regional businesses as best in their field for 2017, the 18th year of issuing these awards. The winners represent fine dining, trendy clothes, […]
Taxpayers who pay unreimbursed work-related expenses out of their own pocket may be able to deduct them, if certain criteria is met. In general, the deduction for employee business expenses is part of a taxpayer’s itemized deduction shown on Schedule A of their personal tax return and is deductible to the extent that the expenses […]
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The federal income tax is a pay-as-you-go system. Employers generally withhold tax from workers’ wages; however, taxpayers often have taxes withheld from certain other income including pensions, bonuses, commissions, and gambling winnings. Individuals who do not pay tax withholding, like the self-employed, as well as those who earn income such as dividends, interest, capital gains, […]
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THF congratulates Chandler Russell and Allan Franklin on their promotions to Senior in the Assurance Services Department and Lee Lovett, Phil Focaracci, and Samantha Pettis on their promotions to Senior in the Tax Services Department. Chandler joined THF in 2015 and has over two years of public accounting experience. She has provided a range of […]
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Homeowners may qualify to exclude from their income all or part of any gain from the sale of their main home. Here are some tips to keep in mind when selling your home: Gain. If there is a gain from the sale of the main home, the homeowner may be able to exclude up […]
THF congratulates Ying Wang on her promotion to Senior Manager in the Tax Services Department; Alyssa Roti, Paola Blackburn, and Elaine Sutter on their promotions to Manager in the Tax Services Department; and Jeannie Lim on her promotion to Retirement Plan Specialist in the Tax Services Department. Ying joined THF in 2007 and has over […]
If you’re a victim of a natural disaster, you may need to reconstruct records to prove your losses for insurance purposes. Doing this may be essential for tax purposes, getting federal assistance, or insurance reimbursement. Here are 11 tips to help you reconstruct your records: To establish the extent of the damage, you should take […]
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THF congratulates Brian Walgamott on his promotion to Director, Tax Services, Mike Rosciam on his promotion to Director of IT & Assurance Services, and Kim Rogers on her promotion to Director of Office Management. Brian joined THF in 2008 and has nine years of public accounting experience working in areas of tax compliance, planning, and […]
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THF congratulates Chandler Russell on receiving her CPA license along with Tim Icardi and Jorge Rivera for passing the CPA exam. Chandler Russell grew up in Tallahassee and went to Maclay High School. She then proceeded to receive her bachelor’s and master’s degree in accounting from the University of Alabama. Chandler began working for THF […]
With the end of the year quickly approaching, individuals may looking to relocate for a new job. Be sure to keep up with all those receipts, because the cost of moving may be deductible on your tax return. The IRS will let you deduct your moving expenses so long as you meet two basic “tests”: […]
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When qualifying property is sold and payments are received in the year of sale, the installment sale method of accounting for the transaction is available. Under the installment method, a portion of a gain resulting from the sale is reported as each payment is received. Each payment will generally consist of three parts: gain on […]
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