BHT&D Certified Public Accountants Blog

Aric Salgat

Recent Posts

What Are The IRS Regulations For Deducting Trust And Estate Costs?

Posted by Aric Salgat on Mon, Oct 31, 2016 @ 07:00 AM

On May 9, 2014, the IRS published final regulations pertaining to certain costs incurred by estates and non-grantor trusts, and finally brought an end to some controversial issues surrounding the deductibility of certain costs.  

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Tags: Tax Planning, Tax Deductions, Estate and Trust Tax

Depreciation Options For 2016 Provide Significant Opportunities For Year-end Tax Planning.

Posted by Aric Salgat on Mon, Oct 24, 2016 @ 07:00 AM

Several provisions of the Protecting Americans from Tax Hikes Act of 2015 (PATH) impact Code Section 179 and taxpayer’s depreciation options beginning in 2016.  The highlights of those changes include the following:

  1. The elevated expensing limitation and the phase out limits have been made permanent and indexed for inflation. For 2016,
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Tags: Tax Planning, Depreciation Deduction, Section 179

Do I Have To Pay Overtime To My Salaried Employees?

Posted by Aric Salgat on Mon, Dec 28, 2015 @ 08:00 AM

Since 2004, the Department of Labor has not updated the regulations pertaining to white collar workers and the overtime pay provisions. 

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Tags: Payroll Tax, Minimum Wage

Should I File A Form 1099? There Are Penalties If You Don't.

Posted by Aric Salgat on Mon, Oct 19, 2015 @ 08:00 AM

With the passage of the Trade Preference Extension Act of 2015 on July 31, 2015, the penalties for non-filers of required information forms have been substantially increased.

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Is My Michigan Personal Property Exempt From Property Taxes?

Posted by Aric Salgat on Mon, Jan 19, 2015 @ 09:00 AM

Beginning January 1, 2014, all businesses in Michigan with a “true cash value” of taxable assets of less than $80,000, within each taxing jurisdiction, are exempt from personal property tax. 

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Tags: Michigan Personal Property Tax Exemption, Statewide Essential Services Assessment, PPT, EMPP, SESA, Business Tax

Health Insurance Mandate: What Every Employer & Employee Should Know

Posted by Aric Salgat on Wed, Jun 26, 2013 @ 09:00 AM

The major impact of the Affordable Care Act will take effect on January 1, 2014. Do you know what the health insurance mandate will mean to you as an employer or an employee? In this article, we will discuss what we know so far.

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Tags: health insurance mandate