Joyce A. Herr, CPA, LLC is a full service accounting and tax firm specializing in business consulting, accounting, bookkeeping, tax and payroll services for businesses of any size, tribal councils, native corporations, small city governments and not-for-profits. I can save you time, money and ensure your organization has accurate records in order for you to manage efficiently.
I also offer a variety of tax services including planning and preparation of returns for individuals, corporations, partnerships, fiduciaries and tax-exempt entities.
My website details a full range of services, contact information and a company profile, so click around and stay for a while! But don't hesitate to call or e-mail me; your initial consultation is free.
The 2016 PERMANENT FUND DIVIDEND was $1,022. If the dividend was the only income for your child, then they will not pay any tax for 2016. If they have other income (W-2 wages, interest on savings accounts or investment income), they may have to pay taxes depending on their total income. Their income can be included on the parents' return or can be filed on a separate return. For help with reporting their income, call or e-mail my office.
Alaska's minimum wage went up to $9.80 an hour effective January 1, 2017. It will be adjusted every year after that for inflation with the new rate being effective on January 1 of each year.
STANDARD MILEAGE RATES FOR
into effect on January 1, 2017:
53.5 cents per mile for business miles driven
17 cents per mile for medical or moving miles driven
14 cents per mile driven for charitable purposes
2017 TAX LAW CHANGES: Beginning in 2017 the medical expense threshold will increase to 10% of adjusted gross income for taxpayers 65 and over (it was previously 7.5%).
Be sure to come back often and see what's new - I'll be updating this site on a regular basis as new tax laws become effective.