• Congress plays stupid again!

      This time it’s about the child tax credit.  Here’s the background:  For each child in a family (under age 17) a married couple or head of household is entitled to a tax credit of $1,000.  For low earners, their tax liability may be only $200, so they lose out on $800.  So congress passed a(…)

    • Education Credits Going Away in 2015?

      The House of Representatives, in their infinite wisdom, has passed a law that we hope the Senate shoots down, that consolidates the varied tax credits and adjustments into one – the new American Opportunity Credit.  If it sounds familiar, it’s because that is what we are presently using for the credit that is partially “refundable,”(…)

    • ACA’s Premium Tax Credit

      From the Kiplinger Tax Letter, August 1, 2014: “Let’s take a look at the premium tax credit applicable for coverage bought through an exchange. It’s available only to taxpayers with household incomes between 100% and 400% of the federal poverty level: $11,490 to $45,960 for singles and $23,550 to $94,200 for a family of four in 2014. Folks(…)

    • Home Office Option

      The IRS has announced a new simplified [option] for home-based businesses to calculate the deduction for the home office space, beginning with 2013 tax returns. The IRS calls this a “safe harbor. A form for this simplified option has not yet been announced. The IRS says: The new optional deduction, capped at $1,500 per year(…)

    • Home Office Rules

      With unemployment still near the highest rate in decades, it is not surprising to find many people working out of their homes. Now may be a good time to review the criteria for claiming a deduction for the business use of part of a person’s residence. Your home office must be used in a trade(…)

    • Back-to-School Tips

      Whether you’re a recent graduate going to college for the first time or a returning student, it will soon be time to get to campus – and payment deadlines for tuition and other fees are not far behind. The Internal Revenue Service reminds students or parents paying such expenses to keep receipts and to be aware(…)

    • Recently Married ?

      If you recently got married or are planning a wedding, the last thing on your mind is taxes. However, there are some important steps you need to take to avoid stress at tax time. Here are seven tips for newlyweds. Notify the Social Security Administration Notify the IRS if you move Notify the U.S. Postal(…)

    • Tips for Job-Seekers

      If you’re looking for a job, did you know that there are associated costs that you may be able to claim on your next tax return?  First of all, the search needs to be for a job in your current field, not for a new career.  Some costs you can claim are employment agency fees,(…)

Harris Accounting & Tax Solutions specializes in Accounting, Tax Preparation, Book-keeping and Training.

The Tax Guy - Rich

The Tax Guy – Rich

Here you can come to discover ways HATS can help you with your tax planning, including filing your income tax returns and strategizing for the future, how your company can obtain accounting services like bookkeeping, financial statement preparation, QuickBooks Pro training and setup, and tax planning.

Founder and manager of HATS, Rich Harris (shown at left) is a QuickBooks Pro Advisor, Licensed Tax Consultant (31086-C), Enrolled Agent (enrolled to practice before the IRS), and has a masters degree in accounting.

He can even teach new computer users (that means you, baby boomer and wiser) the basics, and more experienced users how to navigate your computer and the internet, upgrading your on-line skills and protecting your identity.