Planning for the 3.8 Percent Medicare Tax on Investment Income

The health care reform package (the Patient Protection and Affordable Care Act and the Health Care and education Reconciliation Act of 2010) imposes a new 3.8 Medicare contribution tax on the investment income of higher-income individuals. Although the tax does not...

New TJT Employees

TJT Outsource Accounting added two new employees recently.  Janna Winkler recently joined TJT Outsource Accounting as an account coordinator.  Janna has been a controller for three companies in Ohio and Indiana over the past 15 years and graduated from Miami...

TJT Community Service Day

On September 21st, the owners and employees of Thomas, Judy and Tucker participated in the North Carolina Association of CPA’s first annual Day of Service.  We volunteered at two locations, the Inter-Faith Food Shuttle Farm in Raleigh and also at the SEEDS...

Boards Agree on Lease Accounting Approach

The International Accounting Standards Board (IASB) and the Financial Accounting Standards Board (FASB) recently agreed on accounting approaches for lease expenses as part of a project to revise International Financial Reporting Standards and the U.S. Generally...