Premium Tax Credit

Premium Tax Credit

The premium tax credit is a refundable credit that helps low-income individuals & families afford health insurance purchased through the marketplace.  You must meet the following criteria to be eligible: Your household income must be at least 100, but not more...
Starting a new business

Starting a new business

So you’ve finally decided to take that big leap of faith and start your own business…congratulations!  Now you have to figure out what all needs to be done to get your business up and running from a tax and accounting standpoint. First, you have to decide how your...
Home Office Deduction – Simplified Method

Home Office Deduction – Simplified Method

Home Office Deduction – Simplified Method Starting in 2013, it’s much easier to take the home office deduction on your sole proprietor business.  Small business owners no longer have to deal with figuring out how much they paid for all of those utilities throughout...

Leave your payroll filings to a professional

Leave your payroll filings to a professional Payroll can be very complex for the business owner who is struggling to do everything in and for their business.  This is one area of your business that is definitely worth outsourcing.  Selby Tax & Accounting PC offers...

Filing taxes late

Filing taxes late Here are some pointers if you file and/or pay your taxes late:  A failure to file penalty is generally more than a failure to pay penalty, so even if you can’t pay your taxes in full, you should still file on time and pay as much as you can. The...