Staff Accountant

We are looking for a talented Accountant to join our accounting team.  Our ideal candidate is a detail-oriented and enthusiastic CPA or CPA candidate with a can-do attitude.

 

We offer flexible schedules, an excellent compensation time arrangement, benefits and competitive salaries.

 

Requirements:

  • Bachelor’s degree in accounting
  • CPA or progress toward completion of CPA exam
  • Strong general ledger accounting background
  • Experience with tax preparation for individual, corporate and partnership returns
  • Solid computer and client relations skills
  • Well-organized and a strong multitasker
  • Excellent oral and written communication skills
  • Professionalism with a strong work ethic
  • Experience in public accounting a plus
  • Audit experience a plus

 

Please email your resume to Erin Shelton at eshelton@hmmcpaga.com.

 


 

Full Charge Bookkeeper

We are looking for an experienced Bookkeeper to join our accounting team. We offer flexible schedules, benefits, 401k and competitive salaries.

 

Requirements are various financial aspects for multiple clients, including but not limited to

  • Accounts Payable
  • Payroll preparation
  • Property, sales & payroll tax return preparation
  • Financial statement preparation
  • Journal entries
  • Monthly data entry and bank reconciliation

 
Our ideal candidate must have a strong work ethic, the ability to work well in a time critical environment, capability of handling multiple tasks simultaneously and work well independently while also being a team player.  Candidate would ideally have at least 3 years of experience.

Qualifications:

  • Excellent computer and communications skills
  • Proficiency in Word and Excel
  • Proficiency in QuickBooks
  • Proficiency in Thomson Reuters Creative Solutions Suite software (not required but helpful)
  • General Ledger accounting knowledge
  • Payroll and payroll reporting knowledge

 

Please email your resume to Erin Shelton at eshelton@hmmcpaga.com.

10 November 2017

Senate tax reform bill differs from House version in many ways

By Alistair M. Nevius 
November 9, 2017

 

Thursday saw two developments in the tax reform legislative process. The Senate Finance Committee released a proposed tax reform bill, the Tax Cuts and Jobs Act, and the House Ways and Means Committee issued a revised version of H.R. 1, the bill it first introduced last week.

The Senate bill contains many of the same proposals as the House bill, but also differs in several significant respects from the proposed House bill.

Where the House bill would create four income tax rates for individuals, the Senate bill would employ a seven-bracket system, with tax rates of 10%, 12%, 22.5%, 25%, 32.5%, 35%, and 38.5%. The 38.5% rate would start for single taxpayers with taxable income over $500,000 and for married taxpayers filing jointly with taxable income over $1 million.

The Senate bill would create a $12,000 standard deduction for individual taxpayers, an $18,000 standard deduction for head-of-household filers, and a $24,000 standard deduction for married couples. It would also preserve the additional standard deduction for elderly and blind taxpayers.

The bill would allow individuals to deduct 17.4% of "domestic qualified business income" passed through from a partnership, S corporation, or sole proprietorship. The deduction would not apply to specified service businesses, except in the case of a taxpayer whose taxable income does not exceed $150,000 (for married individuals filing jointly; $75,000 for other individuals). The benefit of the deduction for service providers would be phased out for taxable income exceeding $150,000 (for married individuals filing jointly; $75,000 for other individuals). In the case of a taxpayer who has qualified business income from a partnership or S corporation, the amount of the deduction would limited to 50% of the W-2 wages of the taxpayer.

The Senate bill would increase the child tax credit to $1,650 (as opposed to $1,600 in the House bill). The child tax credit would be modified to allow a $500 nonrefundable credit for qualifying dependents other than qualifying children. The bill would also keep the adoption tax credit and the child and dependent care credit.

The Senate bill would eliminate the deduction for state and local taxes entirely. The House bill would allow a deduction for state and local real property taxes, up to $10,000.

The Senate bill would also retain the current deduction for medical expenses that exceed 10% of a taxpayer's adjusted gross income.

While the House plan would limit the deductibility of mortgage interest to $500,000 of acquisition indebtedness, the Senate bill would retain the current limit of $1 million but would repeal the deduction for interest on home equity indebtedness.

The Senate bill would lower the corporate tax rate to 20%—like the House bill—but would delay that lower rate until 2019.

Finally, the Senate bill would not repeal the estate tax but would double the exemption amount.

The Senate bill still needs to be marked up in the Senate Finance Committee and then differences with the House bill will need to be resolved before the legislation can be enacted.

—Alistair M. Nevius (Alistair.Nevius@aicpa-cima.com) is the JofA's editor-in-chief, tax.

 

https://www.journalofaccountancy.com/news/2017/nov/senate-tax-reform-bill-differs-house-version

 

 

 

 

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