Pennsylvania Business Networking

Time & Location

We meet every Tuesday from 7am until 8:31am at the Whitford Country Club
Click here for the map.

LeTip Chester County East met on Tuesday, March 3, 2015 at the Wyndham Garden Hotel in Exton, PA. The group was joined by a guest representing the category of Banker.

Our speaker was our CPA, Dan Harris (This email address is being protected from spambots. You need JavaScript enabled to view it.). Dan informed us about a few of the changes to the tax code for the 2014 tax year. 2014 marked the beginning of the Affordable Care Act, which requires everyone to have health insurance or pay a penalty. Some people may qualify for a subsidy, and they will need to file a 2014 tax return even if their income level falls below the amount that would typically require someone to file. Dan also told us about a change to the rule for businesses that purchase supplies or equipment priced higher than $200. Purchases worth more than $200 now need to be capitalized rather than deducted outright during the year of purchase. It is possible to file an election, which can raise the limit from $200 to $500. 2014 may also be the last year in which taxpayers can deduct mortgage interest on their tax returns. Of course, the best way to ensure compliance with all of the changes in tax law is to hire a CPA to prepare your return, and Dan is willing to help any individual or business with their taxes. Contact him soon for 2014 tax returns.

Random Member!

Beth Rondinelli - Wills & Estates Attorney

Beth Forman Rondinelli - Wills & Estates Attorney
Law Office of Beth Forman Rondinelli
14 Downing Circle, Downingtown PA 19335
(484) 593-0032
Contact Beth
www.rondinellilawfirm.com

Beth Rondinelli has been practicing law in Pennsylvania for over 20 years. While Beth has handled a wide variety of legal matters over the span of her career, Beth has now limited her practice to traditional estate matters, focusing on drafting simple Wills, Powers of Attorney, and Living Wills/Advance Directives.

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Letip Creed

"LeTip is a professional organization of men and women dedicated to the highest standards of competence and service. Our purpose is the exchange of business Tips. Members will, at all times, maintain the highest professional integrity. Each business category is represented by one member and conflicts of interest are disallowed."