Pennsylvania Business Networking

Time & Location

We meet every Tuesday from 7am until 8:31am at the Whitford Country Club
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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!

Bob Latta - General Contractor

Bob Latta - General Contractor
Latta Kennedy Builders
LeTip Member since August 2015
PO Box 235, Chester Springs PA 19425
610-724-8906
http://lattakennedybuilders.com
Contact Bob

Bob Latta brings more than 20 years of home building experience to Latta Kennedy Builders, his Chester Springs building and remodeling partnership with Dave Kennedy. Their expertise in all facets of construction from carpentry to electric to plumbing assures that your remodeling project or full home build will delight you. Bob’s hands-on involvement with every project ensures impeccable quality, timely installation and an overall positive experience for clients.

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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."