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Thank You for Your Support & Confidence

Dear Friends,

I have found a deepened appreciation and heightened fondness for all those who are within my circle.  This circle includes you and your family, who have honored me with your trust.  I want to take this time to thank you on behalf of myself and all of us at HGi Financial Services. Thank you for your confidence in us. HGi was founded on the principle of providing personalized, professional service designed to make the financial lives of our clients better.  During this past year, I have not lost sight of that vision.  It has been the driving force that has led to our full service approach to supporting all your accounting and tax needs.  I can assure you that in the year 2013 I will try even harder to be worthy of the great responsibility you have honored all of us at HGi. 

At HGi we make every effort possible to keep our clients in the know - We are keeping track of the new tax laws and legislation that affect all of us. We have started a new data base to track how each new or proposed tax change will impact you. We want to be proactive - not reactive in these uncertain times. If you have been preparing your own tax return or using a discounted preparer this is the year to have your taxes prepared by professionals.

Holly Gunnette, EA

President/CEO

 

2013 Payroll and Mileage Rates

1. Employee reimbursement plans

EMPLOYEE REIMBURSEMENT PLANS CAN SAVE YOU MONEY AND PROVIDE A BENEFIT TO YOUR EMPLOYEES!

Expense reimbursement for employees remains a great tax savings vehicle for both employers and employees. Here is how it works:
IRS and State regulation require that taxes be withheld from expense allowances. Remember employees cannot receive both a 1099 and a W-2 form from the same employer for the same time period. All employees and employers must pay payroll taxes on auto or expense allowances. The expense allowance amount would be included in wages and taxes withheld.

However, if you set up a qualified reimbursement plan, none of the reimbursed expenses are reported on the employee’s or officer’s W-2 or 1099 form as income. The employee/officer will receive the total amount of the reimbursement for auto, travel or other expenses tax-free! In addition, the company will be able to deduct the amount of the reimbursement from taxable income.

If you would like information on how employee reimbursement plans can save you taxes, please call our office at 951-681-2784.

2. Flex Plan or Section 125 Benefit Package

BOTH THE EMPLOYEES AND THE EMPLOYER KEEP MORE MONEY!

Increases Employees’ Benefits and Take Home Pay

Employees who are participants in the Flexible Compensation Plan are reimbursed for eligible expenses with pre-taxed dollars. The tax savings provide increased benefits and the employee takes home a larger paycheck. It’s a great employee benefit.

CONTINUED »

 

Some Transactions Deserve Special Treatment

It’s a good idea to invest a little extra time if you have had the following transactions:

Sales of stock and other property »
Gifted or inherited property »
Reinvested dividends »
Sale of home or property »
Car expenses »
Charitable donations »
Estimated tax payments »
Other general suggestions to consider for your appointment »

 
 

 

Your finances have become more complex, your concerns greater and your risk more exposed than ever. Who will you trust to guide the results of your hard work into a sound future?

Will you trust a discount corporate franchise with their “one size fits all” approach? Or will you choose the Inland Empire’s own professional financial team with over two decades of experience?

When it comes to your personal or business finances you can put your faith in the professional team at HGi Financial Services. Their winning track record is your reassurance.

So ask yourself...

IS YOUR FINANCIAL TEAM FULL SERVICE?

IS YOUR FINANCIAL TEAM THERE WHEN YOU NEED THEM?

DOES YOUR TEAM KNOW TAXATION INSIDE OUT?

DOES A QUALITY TEAM MEAN MORE COST?

IS YOUR TEAM COMMITTED TO THE GOOD OF THE LOCAL COMMUNITY?

 

 

 

       

     
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