Health Reimbursement Accounts for Small Employers

Health Reimbursement Accounts (HRA’s) are back after the signing of the 21st Century Cure Act, effective January 1, 2017. There are new rules (of course!) that come right along with them for 2017 (as well as some transitional relief for the remainder of 2016). Just a bit of background: health reimbursement accounts can be setup… Read More

Standard Mileage Rate Drops for 2017

Beginning Jan. 1, 2017 the standard mileage rates will be: 53.5 cents per mile for business miles driven (down from 54 cents per mile in 2016) 17 cents per mile for medical or moving purposes (down from 19 cents per mile in 2016) 14 cents per mile for charitable organizations

Tis the Season of Cheer….and Scammers!

This week is National Tax Security Awareness Week. It’s a good time to refresh your security awareness. Many people spend time on their computers buying gifts, gathering year end tax information, and making other financial transactions. We wanted to remind you of a few tips to keep your information safe! Always be sure to use… Read More

Celebrating 5 Years

Today, T. L. Baker & Co., LLP is celebrating our 5th year of service. We thank our clients and employees for their contributions to our continued success. Over the past 5 years we have worked towards our goal to be “More than your typical accounting firm”. Our dedicated team has over 90 years of combined… Read More

Scammers Target Students

Are you a student, or know of a student? Please beware that scammers are now targeting students with a “Federal Student Tax”. There is no such thing as this. Please, please, please DO NOT give out any personal information to an IRS Impersonator demanding payment on this. The impersonators have even gone as far as… Read More

College in Fall of 2017?

Do you have a child going off to college in the fall of 2017? Be aware they are making the application for FAFSA available to you October 1st and you will be using your 2015 tax information for students applying for the 2017-18 school year. These changes should help prevent the scramble in the spring… Read More