Last-Minute Savings for 2016 Tax Year!

Attention last minute savers! There’s still time to reduce your tax burden for 2016. Have you funded a traditional IRA, Roth IRA, or SEP this year? The deadline for contributions to IRAs is April 18, 2017 — this year’s filing deadline. For self-employed taxpayers, contributions to a SEP may be postponed until October 16, 2017 … Continued

Important NEW Info on Form 1099s for 2016 Tax Year!

It’s 1099 Time! It’s that time of year again! As an Allen Street Consulting client, you have the benefit of having 1099 preparation experts at your fingertips! If you need to prepare and file 1099s, it’s easy for you, as long as you follow a few guidelines! If you’re a client currently receiving bookkeeping services from … Continued

We’re hiring! Bookkeeping associate

Bookkeeping associate (Allentown)   Rapidly growing consulting firm seeks full time experienced bookkeeper for diverse, interesting clients. Flexible hours, high quality of life, 32 – 40 hours per week.   * We are an Equal Opportunity Employer. All qualified humans are welcome to apply.   Let’s talk about you You take initiative and love to … Continued

Let’s Talk: Tax Time Security

In an ideal world, the only thing you would need to worry about during tax time is your taxes. But in a modern age, we need to think about the security of our personal information and identities as well. Although the IRS reports a 400 percent surge in phishing and malware incidents during the 2016 … Continued

Four Things to Know About Premium Tax Credit Advance Payments

Did you know you may be able to send your advance payments of your Premium Tax Credit directly to your insurer? First you’ll need to enroll in coverage through the Healthcare Marketplace by January 31, 2016. After that, you can choose to have your monthly advance credit payments sent to your insurer rather than to your bank account. You can also use the … Continued

11/17 Out For Business Networking Event Sponsored by Allen Street Consulting

You are invited to join us at Burbon and Butter for the November edition of Out For Business – Buffalo’s LGBT Professionals Network, Wednesday, November 17 from 5-7pm . This month is sponsored by your very own Allen Street Consulting and Jones & O’Toole, LLP!   Organized by the Pride Center of WNY, Out of Business is Buffalo’s premiere LGBT Professionals … Continued

Health Republic Insurance Shuts Down Operations

It was announced in September that Health Republic Insurance, the non-profit cooperative created under the Affordable Care Act, will shut down by the end of 2015. Weeks later, the Department of Financial Services found Health Republic’s finances were “substantially worse than reported” and ordered them to shut down operations by the end of November. State regulators have just … Continued

Employees Should Take Time to Check Withholding

The Internal Revenue Service reminds taxpayers to check their withholding in their Tax Preparedness Series. Besides wages, income tax is often withheld from other types of income, such as pensions, bonuses, and commissions. Ideally, taxpayers should try to match their withholding with their actual tax liability. If not enough tax is withheld, they will owe tax at … Continued

How is the IRS protecting taxpayers from Identity Theft?

As we prepare for the quickly approaching 2016 tax season, the IRS continues to prepare and strengthen protections against identity theft and fraud. The project began earlier this year and joined forces with the states, leaders of private sector tax firms, and several national tax related organizations. The collaborative effort, called the Security Summit, has identified more than 20 data elements … Continued