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Certified Public Accountants

At Barnes Saly, it’s our experience and commitment to exceptional customer service that has helped us grow into one of the largest and most respected certified public accounting and business consulting firms in west central Pennsylvania.   Businesses and individuals, Non Profit organizations, government and municipal authorities, manufacturers, nursing homes and employee benefit plans.  If you use QuickBooks we provide QuickBooks Support with our QuickBooks Certified ProAdvisors.

IRS announces business vehicle deduction limits for 2017:
The IRS has published depreciation limits for business vehicles first placed in service this year. These limits remain largely unchanged from 2016 limits. Because 50% bonus depreciation is allowed only for new vehicles, these limits are different for new and used vehicles.
* For new business cars, the first-year limit is $11,160; for used cars, it's $3,160. After year one, the limits are the same for both new and used cars: $5,100 in year two, $3,050 in year three, and $1,875 in all following years.
* The 2017 first-year depreciation limit for trucks and vans is $11,560 for new vehicles and $3,560 for used vehicles. The limits for both new and used vehicles in year two are $5,700, in year three $3,450 (up $100 from 2016), and in each succeeding year $2,075.
For details relating to your 2017 business vehicle purchases, contact us.
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Will your tax refund be offset by debts?
Be aware that if you have unpaid federal or state debt, such as overdue child support, state income tax, or student loans, all or part of your 2016 income tax return may be redirected to pay the debt. This is called the offset program. If an offset occurs with your tax return, the Treasury Department's Bureau of Fiscal Service will send you a notice. The notice will list the original refund and offset amounts, as well as the name and contact information of the agency that received the payment. If you have questions, contact our office.
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Job hunting? Take advantage of potential tax breaks:
As the job market continues to improve, more people are embarking on a job hunt. Did you know there's a potential tax break in a job hunt? You can deduct the cost of looking for a job in your current field, even if you don't get the job. Typical expenses are travel to job interviews, resume costs, and employment agency fees. You must itemize your deductions, and your total miscellaneous deductions must exceed 2% of your adjusted gross income.
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