January 14, 2011
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Charitable Giving Guidelines
Even though it’s now 2011, completing and filing taxes for 2010 is just beginning. While we all know that charitable donations are an ideal way to reduce your tax liability, it’s a good idea to review some of the finer points of the IRS rules. While it’s a good feeling to give back to others, […]
Read more- January 14, 2011
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Technology: Top Strategic Technologies for 2011
Information technology continues to evolve and change at a breakneck pace, making strategic planning and purchasing decisions difficult for businesses large and small. Here’s a review of some of the major trends and online strategies that industry leaders see for the near future. All hold the promise of major competitive advantages for companies that are […]
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IRA Distribution Rules Change for 2010
Keeping up with the federal rules and regulations for Individual Retirement Accounts is kind of like keeping up with the constantly changing tax law. While the finer points are best left to financial planners to impart to their clients and customers, anyone who has an IRA and is near retirement age should educate themselves. In […]
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Stock Market: Experts Forecast Sunnier Skies
2010 might be described as a year of frustration and doubt for U.S. investors. It was a year of constant ups and downs, with the Standard & Poor’s 500 crossing its opening benchmark of 1115 in January 2010 more than 160 times. Worries about the economy, the job market and budget deficits abounded – and […]
Read more- January 14, 2011
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Tips Help Business Owners Achieve Success
Did you meet your business goals in 2010? As we begin a new year, now is the ideal time to reflect on what happened in 2010 in order to clearly plan for the changes you want to make in 2011. Following your assessment, focus on the areas of your business that will impact your bottom […]
Read more- January 14, 2011
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2010 Tax Update
There were a number of tax law changes as the following tax legislation was passed: Hiring Incentives to Restore Employment Act (HIRE Act) on March 18, 2010 Education/Jobs/Medicaid Assistance Act of 2010 on August 11, 2010 Small Business Jobs Act on September 27, 2010 Tax Relief, Unemployment Insurance Reauthorization and Job Creation Act of 2010 […]
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Tax Refunds Move to Debit Cards
The U.S. Treasury Department plans to launch a pilot program Thursday to deliver tax refunds through prepaid debit cards, an effort to cut the expense of paper checks and aid lower-income taxpayers who don’t have bank accounts. About 600,000 low- and moderate-income taxpayers nationwide, a slice of those earning about $35,000 or less annually, will […]
Read more- January 13, 2011
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IRS Issues New Automatic Consent Procedure for Changing Accounting Methods
The IRS has issued a new revenue procedure that taxpayers must follow when they want to obtain automatic consent to change accounting methods. The new procedure generally applies to applications to change accounting methods that are filed on or after January 10, 2011, for a year of change ending on or after April 30, 2010. […]
Read more- January 11, 2011
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PTINs a Pain for Some CPAs
As the start of tax filing season looms, some CPA preparers are reporting difficulties meeting the new IRS requirement to register and obtain or renew a preparer tax identification number (PTIN). All paid tax return preparers, including CPAs, now must use a PTIN when signing all tax returns, forms or claims for refund (except for […]
Read more- January 10, 2011
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Best of 2010: Tax
While Congress and the Obama Administration were making news negotiating the fate of the expiring Bush tax cuts, corporate taxpayers had to keep an eye on several other key tax issues in 2010. High on the list were the contentious disclosure rules governing uncertain tax positions that were issued by the Internal Revenue Service earlier […]
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