by mariettacp | May 16, 2011 | Money Tips, Tax Planning, Tax Tips
The IRS has announced new guidelines on the 2010 Tax Relief Act’s 100% depreciation allowance in regard to qualifying new property. This property must have been acquired after September 8, 2010 and before January 1, 2012. The new rules allow: 1) A 100% bonus...
by mariettacp | May 11, 2011 | Money Tips, Tax Planning, Tax Tips
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...
by mariettacp | May 6, 2011 | Money Tips, Tax Planning, Tax Tips
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...
by mariettacp | Apr 22, 2011 | Money Tips, Tax Planning, Tax Tips
The new tax rules enacted over the past few years have affected many areas of the tax code. For your information, we have summarized below the changes related to retirement plans. Be sure to talk to your accountant about the changes as part of your annual tax...
by mariettacp | Apr 20, 2011 | Money Tips, Tax Preparation, Tax Tips
Over the past few years there have been many changes to the tax code. To keep you informed, we have provided a summary of these modifications. Within the personal income tax realm, the following policies are in place for 2011. 1. Payroll tax holiday –...
by mariettacp | Apr 15, 2011 | Money Tips, Tax Planning, Tax Tips
Many tax breaks for individuals that expired at the end of 2009 will be retroactively reinstated and extended through 2011, including: the $250 above-the-line deduction for certain expenses of elementary and secondary school teachers; the election to take an itemized...
