Monday, January 2, 2017

Tax Changes for 2017 on Alternative Minimum Tax (AMT)

Welcome, 2017! As the New Year rolls around, it's always a sure bet that there will be changes to current tax law and 2017 is no different. From health savings accounts to tax rate schedules and standard deductions.

Tax Changes for 2017 on Alternative Minimum Tax (AMT)

Exemption amounts for the AMT, which was made permanent by the American Taxpayer Relief Act (ATRA) are indexed for inflation and allow the use of nonrefundable personal credits against the AMT. For 2017, the exemption amounts are $54,300 for individuals ($53,900 in 2016) and $84,500 for married couples filing jointly ($83,800 in 2016).

We are licensed in All States. We are affordable, experienced, and friendly. We are an Authorized IRS e-file Service Provider. If you would like to schedule a Free Initial Consultation to learn more about the tax preparation and tax planning & compliance services we offer to businesses and individuals, send us an e-mail or call Amare Berhie today at 651-300-4777 to schedule a convenient time.
Amare Berhie, Senior Accountant     
CEO, ABA Tax Accounting
651-300-4777

Sunday, January 1, 2017

Individuals Tax Changes for 2017

Welcome, 2017! As the New Year rolls around, it's always a sure bet that there will be changes to current tax law and 2017 is no different. From health savings accounts to tax rate schedules and standard deductions.

Individuals Tax Changes for 2017

For 2017, more than 50 tax provisions are affected by inflation adjustments, including personal exemptions, AMT exemption amounts, and foreign earned income exclusion.

While the tax rate structure, which ranges from 10 to 39.6 percent, remains the same as in 2016, tax-bracket thresholds increase for each filing status. Standard deductions and the personal exemption have also been adjusted upward to reflect inflation.

We are licensed in All States. We are affordable, experienced, and friendly. We are an Authorized IRS e-file Service Provider. If you would like to schedule a Free Initial Consultation to learn more about the tax preparation and tax planning & compliance services we offer to businesses and individuals, send us an e-mail or call Amare Berhie today at 651-300-4777 to schedule a convenient time.
Amare Berhie, Senior Accountant     
CEO, ABA Tax Accounting
651-300-4777

Friday, December 30, 2016

Tax planning, Preparation and IRS compliance Services

You're never alone with ABA Tax Accounting Tax Services! Taxes are a fact of personal and business life. The question you face is how will you minimize the impact of taxes? What kind of expertise do you need to help you achieve your goals? ABA Tax Accounting has answers to both questions, delivered by tax specialists who work proactively in a personal, one-on-one relationship. Whether you need to structure an international transaction, reorganize your business, transfer family property or defer tax on the sale of assets, ABA Tax Accounting provides a wide array of services that cover every aspect of your business and personal finances.

At ABA Tax Accounting, we know that proactive and aggressive tax planning is critical to minimizing your tax liabilities. When you work with us we make tax planning part of your overall business strategy and not just something we do at year-end.

You can be confident that our firm is on top of the current new developments in the tax laws to decrease both your current and future tax liabilities. We offer practical, proactive and innovative solutions to tax planning that put your business or personal needs first. Our firm provides our individual and business clients with the taxation expertise and knowledge that they deserve year round.

Our tax services include but are not limited to: 
  • Tax returns for corporations, partnerships, individuals, non-profits & etc.
  • Strategic tax planning
  • Alternative minimum tax planning
  • Payroll taxes
  • E-file
  • State and local taxes
  • IRS problem resolution
  • Tax planning and analysis
  • Tax alternatives and ways to reduce your taxes

Our goal is to make the process of tax planning and preparation a simpler process that provides timely, meaningful information, and assists you in minimizing your tax liabilities currently and into the future.

We are licensed in All States. We are affordable, experienced, and friendly. We are an Authorized IRS e-file Service Provider. If you would like to schedule a Free Initial Consultation to learn more about the tax preparation and tax planning & compliance services we offer to businesses and individuals, send us an e-mail or call Amare Berhie today at 651-300-4777 to schedule a convenient time.
Amare Berhie, Senior Accountant     
CEO, ABA Tax Accounting & AB Tax Online
612-424-1540

Thursday, December 29, 2016

Accounting Advisory Services

ABA Tax Accounting is a full-service accounting firm that caters to businesses of all sizes. We understand that it's difficult to make confident decisions without reliable financial information. While you focus on turning your vision into reality, we'll work to make the accounting function easy and ensure that your financial records are maintained correctly and accurately.

Our clients get personalized and responsive service from dedicated accounting professionals who will help you manage your business and keep your finances on track. We want you to feel confident that your accounting system accurately reflects your current situation so you can concentrate on running your business instead of trying to stay on top of your books.

Our small business accounting services include: 
  • Accounting and bookkeeping
  • Tax planning
  • Outsourced controllership
  • QuickBooks support
  • Compilations and reviews
  • Payroll
  • IRS problem resolution
  • Budgeting
  • New business advisor
  • Financial statement preparation
  • Business loan assistance
  • Financial projections
  • Business plan development
  • Retirement planning

We are licensed in All States. We are affordable, experienced, and friendly. We are an Authorized IRS e-file Service Provider. Contact Us for a FREE Initial Consultation! Send us an e-mail or call us today at 651-300-4777 and ask for Amare Berhie to discuss your business needs.
Amare Berhie, Senior Accountant      
CEO, ABA Tax Accounting & AB Tax Online
612-424-1540

Wednesday, December 28, 2016

Dental Accountants


ABA Tax Accounting provides a unique set of services to meet the needs of busy dental professionals. Our services are designed to reduce the total tax bill your business may accrue, and this includes early tax planning. When your office adopts specific protocols for tax purposes, your overall tax liability will be effectively reduced. We can implement these plans early in the first quarter, so your business can take advantage of the available tax benefits. Tax planning can help you to save the revenue earned throughout the year, so contact us as soon as possible to get your bookkeeping set up properly.

Contact Us for a FREE Initial Consultation! Send us an e-mail or call us today at 651-300-4777 and ask for Amare Berhie to discuss your healthcare accounting needs.
Amare Berhie, Senior Accountant           
CEO, ABA Tax Accounting & AB Tax Online
612-424-1540