Author Archives: hummingbird

Roth IRA Opportunities

Dear Friends, As I sit in the office on a rainy Saturday, it seems like an appropriate time to consider putting into practice the proverbial phrase, “When life gives you lemons, make lemonade”. Those who are watching noticed that the stock market took another tumble this week (although it did...

Health Insurance Reimbursements Reminder

Dear Friends, We wanted to update you on a matter we have previously communicated with you about, an un-anticipated aspect of the Affordable Care Act (ACA) that impacts small businesses and non-profit organizations.  Employers are no longer allowed to reimburse their employees’ individual health insurance policies.  There is a very limited...

Employment of Children

Dear Friends, Whether summer jobs or after-school employment, many of you have children seeking employment.  Perhaps you have a small business is which you are considering employing your children.  Below are several tips for those facing this situation. Tax Savings:  Employing a child in a family business can result in...

Reporting Foreign Financial Accounts Due June 30th

Good day to everyone!  We wanted to touch base with all of our clients to make sure that proper reporting is completed for foreign financial accounts.  The deadline for the report of foreign bank and financial accounts is approaching.  The deadline is June 30, 2015. As was the case last year, the...

Estimated Tax Payment Reminder

“Here at Stancil, we hope everyone has been able to enjoy the weather over the last couple of weeks before this rain settled in.  We have entered June which means that 2ndquarter estimated taxes are due on June 15th.  For some, we have prepared vouchers that were sent with your...

Reimbursement of Individual Health Insurance Policies

Many small companies do not have a group health insurance policy, but instead reimburse employees for their individual health insurance policies, or perhaps pay the premium on the individual policy on behalf of the employee.  If your company follows this practice, please read this email carefully. We first notified our...

Stancil & Company Launches New Website

Stancil & Company Launches New Website New Stancil & Company website launched January 2015. RALEIGH, NC – Henry White, Managing Partner of Stancil & Company announced the release of the new website, www.stancilcpa.com, to provide clients looking for professional CPA’s in the triangle area, better service and information. The redesigned...