- June 03, 2010
- Andrew Presti
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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 percent Medicare contribution tax on the investment income of higher-income individuals. Although the tax does not take effect until 2013, it is not too soon to examine methods to […]
Read more- May 11, 2010
- Andrew Presti
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Presti And Naegele Are Sharing Their Newsletter With Twitter
Presti & Naegele will shortly start sharing their Newsletter with Twitter in an effort to reach out to our clients – however they prefer to communicate. Follow us on Twitter and stay up to date
Read more- May 07, 2010
- Andrew Presti
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Quickbooks Email Virus
There have been a recent string of emails that seem as though they are coming from “QuickBooks” which are in fact not from Intuit.
If you see any email from QuickBooks asking you to click on a link to “upgrade” or “read more” please do not click on any of the links as they are possible viruses, spyware, malware etc.
Read more- April 30, 2010
- Andrew Presti
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Health care reform 101: New responsibilities and taxes for employers and individuals
Health care reform is now law and many employers are asking how does it affect my business and my employees? The first thing to keep in mind is that reform is gradual. The health care reforms and tax provisions in the new health care reform package play out over time, with some taking effect this […]
Read more- April 30, 2010
- Andrew Presti
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HIRE Act provides payroll tax forgiveness and worker retention credit
On March 18, 2010, President Obama signed the Hiring Incentives to Restore Employment (HIRE) Act. The $18 billion HIRE Act is expected to be the first of several “jobs” bills out of Congress in 2010. The new law encourages companies to hire unemployed workers and also retain existing workers by providing two key tax incentives: […]
Read more- April 30, 2010
- Andrew Presti
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How Do I? Deal with the new foreign account compliance rules under the HIRE Act?
The recently enacted Hiring Incentives to Restore Employment (HIRE) Act of 2010 includes a comprehensive set of foreign account compliance measures that will impact taxpayers with accounts in foreign banks and other financial institutions. Generally, for payments made beginning in 2013, taxpayers with various types of financial accounts or other interests overseas will be subject […]
Read more- April 30, 2010
- Andrew Presti
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FAQ: Has enhanced Code Sec. 179 been extended for 2010?
The enhanced expensing election under Code Sec. 179 has been extended through December 31, 2010. Under Code Sec. 179, businesses can elect to recover all or part of the cost of qualifying property by deducting (rather than depreciating) the property in the year it is “placed in service,” up to a certain limit. The Hiring […]
Read more- April 30, 2010
- Andrew Presti
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May Newsletter
April 30, 2010 Dear Client: Here is our May Newsletter. IRS ramps up guidance on new small employer health insurance tax credit The IRS is moving quickly to alert employers about a new tax credit for health insurance premiums. The recently enacted health care reform package (the Patient Protection and Affordable Care Act of 2010 […]
Read more- February 28, 2010
- Andrew Presti
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March Newsletter
March 18th, 2010 Small businesses face both tax opportunities and challenges in 2010 As 2010 unfolds, small businesses are confronted with tax challenges and opportunities on many fronts. Lackluster consumer spending, combined with tight credit, has many small businesses in a holding pattern. Congress may respond with a new tax credit to encourage hiring. Small […]
Read more- January 05, 2010
- Andrew Presti
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Indy tech provider seeks to buck struggling economy with free ‘Small Business Makeover’ for one lucky retailer
January 5, 2010 CARMEL, IN – One lucky retailer will receive a free, Point-of-Sale inventory management technology solution, courtesy of Presti & Naegele‘s Accounting Technology Consultants (PN ATC). “Point-of-Sale” refers to the processes that help retailers move their products off the shelf and into the hands of consumers. In a retail store, it can also […]
Read moreRecent Posts
- October 2022 Newsletter
- IRS Warns Taxpayers of Dirty Dozen Tax Scams for 2022, IR-2022-113
- IRS Urges Business Owners to Take Advantage of Tax Benefits for 2022, IR-2022-100; IR-2022-101; IR-2022-103; IR-2022-104
- President Biden Signs Inflation Reduction Act Into Law
- Simplified Portability Election Relief Procedure Updated, Rev. Proc. 2022-32