2011 Tax Changes: Lien Procedures

The IRS has announced new policies and programs to help taxpayers pay back taxes and avoid tax liens. The goal is to help individuals and small businesses meet their tax obligations, without adding an unnecessary burden to taxpayers. Specifically, the IRS is: 1) Significantly increasing the dollar threshold when liens...

2011 Tax Planning – Health Insurance Credits

Health insurance benefits are on the minds of all Americans, business owners and employees.  Changes in the tax law make it easier then ever for business owners to take advantage of tax benefits as they offer insurance to their employees, and try to get coverage for themselves. Self-employed health insurance deduction. Effective March 30,...

2011 Tax Planning and Roth IRAs

I know it seems like we just finished working on your 2010 taxes, but now is a good time to start your 2011 tax planning. Changes in the law will effect  how small business owners can take advantage of their Roth IRA: (1) Roth IRA rollovers no longer restricted. You...