Recent Articles

3 Biggest Small Business Challenges for the rest of 2015

| June 23, 2015
3 Biggest Small Business Challenges for the rest of 2015

Overall, only 57 percent of businesses expect revenue growth for 2015. Many challenges facing businesses over the years remain fundamentally the same. Recently, Wasp Barcode Technologies conducted a small-business survey with 1,000 participants, ranging from small-business owners, C-level executives, and senior management from most business segments, including government. The survey gives insight into small-businesses perceptions […]

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Italian Store Opens Second Store in Westover

| June 23, 2015
Italian Store Opens Second Store in Westover

A cult favorite in Arlington readies 2nd location. Mamma mia!  One of our best friends and a client since 1980, Italian Store opened a second store in June 2015. The following article is from Rebecca Cooper, WBJ With its second location in Arlington, The Italian Store isn’t making the transition to “restaurant” just yet, but […]

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How Affordable Care Act Rules Affect Your Taxes

| January 16, 2015
How Affordable Care Act Rules Affect Your Taxes

If you are one of the millions of people who bought health care through a health insurance exchange, filing your tax return may require more effort this year: This is the first time taxpayers will have to report their health care status on their tax returns. The vast majority of taxpayers will simply have to […]

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ObamaCare for Small Businesses: What You NEED to Know for 2015

| December 2, 2014
ObamaCare for Small Businesses: What You NEED to Know for 2015

Prepping for 2015? Here’s How to Navigate the Changes in Health Insurance for Small Businesses In 2014, the health insurance industry in America fundamentally changed, affecting businesses and employees nationwide. From rates to premiums to newly imposed penalties, the shockwaves were felt across the board—and for many small businesses, too much confusion and uncertainty left […]

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Top 10 Things to Know About the Silver Line

| July 28, 2014
Top 10 Things to Know About the Silver Line

The Silver Line is a new 23-mile Metrorail extension connecting the Tysons, Reston, Herndon, and Dulles Airport areas of Fairfax County to the regional Metrorail system. Phase 1, which opened for business on July 26, includes these stations: McLean Station Tysons          Corner Station Greensboro          Station Spring          Hill Station Wiehle-Reston          East Station Phase 2, which is tentatively scheduled to open in  2018, will extend […]

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Outwitting The NIIT: 12 Ways To Avoid The New Net Investment Income Tax

| June 26, 2014
Outwitting The NIIT: 12 Ways To Avoid The New Net Investment Income Tax

For some high-income taxpayers writing a check to Uncle Sam was particularly painful this past tax season, and not for the most obvious reason–the 2013 increase in the top income tax rates. Instead these folks were bitten by the new Net Investment Income Tax (NIIT), a maddeningly complicated extra 3.8% levy on certain investment income. […]

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June 2014 Report: Small Business Sentiment Improves But Is No Sign of a Surge

| June 25, 2014
June 2014 Report: Small Business Sentiment Improves But Is No Sign of a Surge

Highest level since Sept. 2007, but below normal expansions May’s Optimism Index rose 1.4 points to 96.6, the highest reading since September 2007.  However, while May is the third up month in a row, the Index is still far below readings that have normally accompanied an expansion and there have been similar gains in the […]

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What’s New In Taxes For Your 2013 Return?

| December 20, 2013 | 0 Comments
What’s New In Taxes For Your 2013 Return?

What’s New Our tax experts at M J Mortensen Assoc have listed some of the important tax changes that took effect in 2013. For the latest information about the tax law topics covered in this article please call Janie Mortensen or John McKusker at (703) 641-8302 or email Janie@mjmortensen.com or John@mjmortensen.com Additional Medicare Tax. Beginning in […]

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Questions and Answers for the Additional Medicare Tax

| November 20, 2013 | 0 Comments
Questions and Answers for the Additional Medicare Tax

The following questions and answers provide employers and payroll service providers information that will help them as they prepare to implement the Additional Medicare Tax which goes into effect in 2013. The Additional Medicare Tax applies to individuals’ wages, other compensation, and self-employment income over certain thresholds; employers are responsible for withholding the tax on […]

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First Obamacare Deadline Was Oct. 1: Are You Prepared?

| October 7, 2013 | 0 Comments
First Obamacare Deadline Was Oct. 1: Are You Prepared?

Obamacare began to take full effect Oct. 1, when the law’s health insurance exchanges opened. Most small businesses—those with 50 or fewer full-time employees—are not required to offer health insurance coverage under the Affordable Care Act, and larger businesses with more than 50 full-time employees have been given some reprieve with the one-year delay of […]

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