About Julie Welch

This author has not yet filled in any details.
So far Julie Welch has created 53 blog entries.

Legislation to repeal and replace the ACA

Details of two House bills to repeal and replace the Affordable Care Act are emerging.  The committees began markup of the bills on Wednesday.  If the bills are passed by the committees, they are expected to be combined into one bill by the House Budget Committee.  Then they would go to the House Rules Committee [...]

By |2017-03-10T15:12:37-06:00March 10th, 2017|General, Tax|Comments Off on Legislation to repeal and replace the ACA

Qualified Small Employer Health Reimbursement Arrangements – notification period extended

The 21st Century Cures Act provides an exemption for qualified small employer health reimbursement arrangements (QSEHRAs) from the ACA’s group plan rules generally effective January 1, 2017 (with retroactive relief for 2016 if the plan met certain requirements).  Previously employers were prohibited from providing employees money conditioned on the purchase of individual health insurance with [...]

By |2017-02-27T14:38:28-06:00February 27th, 2017|Tax|Comments Off on Qualified Small Employer Health Reimbursement Arrangements – notification period extended

Kansas bill to increase Kansas tax Vetoed

Update on our blog from last week about the Kansas House and Senate passing a bill to increase Kansas tax. HB 2178, which would have eliminated the Kansas tax exemption for “flow-through” business income and increased the individual Kansas tax rates, was vetoed by Governor Brownback.  The House responded by voting to override the veto [...]

By |2017-02-23T17:49:49-06:00February 23rd, 2017|Tax|Comments Off on Kansas bill to increase Kansas tax Vetoed

Kansas House and Senate pass bill to increase Kansas tax

Today, one day after the Kansas House passed HB 2178, the Kansas Senate has also passed the bill, which would eliminate the Kansas tax exemption for “flow-through” business income and increase the Kansas tax rates on individuals.  The bill now heads to the Governor. Currently, the top individual Kansas tax rate is 4.6%.  Under the [...]

By |2017-02-17T17:16:35-06:00February 17th, 2017|General, Tax|Comments Off on Kansas House and Senate pass bill to increase Kansas tax

Yes, there is still time to maximize your tax benefit in 2016

If you’re one of the many people expecting the new administration to enact tax cuts next year, you still have time to maximize tax benefits before the end of the year. Julie Welch, shareholder and director of taxation at Meara Welch Browne PC in Leawood, shared several tips: • Speed up the purchase of equipment [...]

By |2016-12-17T11:55:19-06:00December 17th, 2016|General, Tax|Comments Off on Yes, there is still time to maximize your tax benefit in 2016

Standard Mileage Rates for 2017

The standard mileage rates for 2017 used to calculate the deductible costs of operating an automobile have been announced. Business – 53.5¢ per mile (down from 54¢ per mile for 2016) Medical and Moving - 17¢ per mile (down from 19¢ per mile for 2016) Charitable - 14¢ per mile

By |2016-12-13T11:50:25-06:00December 13th, 2016|General, Tax|Comments Off on Standard Mileage Rates for 2017

Net Investment Income Tax for Non-Grantor Trusts

The July 2016 issue of Journal of Financial Planning includes “Planning for the Net Investment Income Tax for Non-Grantor Trusts” by Julie Welch and Cara Smith. The article describes the net investment income tax and provides strategies for a non-grantor trust to minimize the tax. https://www.onefpa.org/journal/Pages/JUL16-Planning-for-the-Net-Investment-Income-Tax-for-Non-Grantor-Trusts.aspx

By |2016-07-16T19:12:50-06:00July 16th, 2016|General, Tax|Comments Off on Net Investment Income Tax for Non-Grantor Trusts

More WOTC Transitional Relief

By Julie Welch and Luke Guettermann The IRS announced another extension until September 28, 2016 for submitting the paperwork to obtain the Work Opportunity Tax Credit (WOTC).  The WOTC is a Federal tax credit available to employers who hire and retain veterans and individuals from other target groups with significant barriers to employment or reside [...]

By |2016-07-13T10:12:24-06:00July 13th, 2016|Tax|Comments Off on More WOTC Transitional Relief

WOTC Transitional Relief

By Julie Welch and Luke Guettermann The Work Opportunity Tax Credit (WOTC) is a Federal tax credit available to employers who hire and retain veterans and individuals from other target groups with significant barriers to employment or reside in certain empowerment zones or rural renewal counties. As part of the “Tax Extenders” legislation that was [...]

By |2016-03-08T18:22:29-06:00March 8th, 2016|Tax|Comments Off on WOTC Transitional Relief

Trade Bill Enacted February 25, 2016

The Trade Facilitation and Trade Enforcement Act raises the minimum penalty for the failure to file tax returns from $135 to $205 for returns required to be filed after 2015. The returns affects are income, estate, and gift tax returns. The penalty for filing a return late is generally 5% of the unpaid tax per [...]

By |2016-02-25T09:41:14-06:00February 25th, 2016|Tax|Comments Off on Trade Bill Enacted February 25, 2016
Go to Top