Stock Market: Tax Issues, Cautious Recovery Create Uncertainty

News that the recession officially ended some 15 months ago failed to generate much excitement among Wall Street pundits. Economic growth and unemployment have yet to perform significantly better than during the official recessionary period. Truth be told – and semantics aside – analysts and individual investors alike are most concerned with implications of the […]

The Right Stuff: Six Traits of Dynamic Business Professionals

Do you have what it takes to outlast your business? All too often, business owners, directors and managers hurt the long-term survival of their companies because they either don’t realize their shortcomings or lack the ability to do something about them before it’s too late. A recent study conducted by the Guardian Life Small Business […]

Tax Benefits Change for College Funding Programs

Everyone knows the cost of college tuition has skyrocketed to almost incomprehensible levels. According to CollegeBoard.com, the average tuition and fees for in-state students at a public four-year college is $7,020, while the average full-time, out-of-state price tag is $11,528. Compare that to private four-year colleges that charge an average of $26,273 per year in […]

For New Tax Breaks, Act Fast

The recently signed Small Business Jobs Act promises that investors who put money into small companies will get full relief from capital-gains taxes on any returns. But to get the break, investors have to act in the next three months. That’s too short a time to identify and strike a deal with an up-and-coming business, […]

IRS to stop mailing income tax forms

The Internal Revenue Service plans to stop mailing instructions and paper forms for annual income tax returns, saving the agency about $10 million a year as more Americans are filing online. About 11.5 million people who filed paper tax returns in 2009 received the tax information in the mail, IRS said. The agency normally sends […]

ObamaCare’s Tax Credit System Will Make April 15 Even Harder

Due to ObamaCare, millions of Americans may need to spend even more time on the income tax returns that they file in 2015 and beyond — and many will discover they owe the tax man more than before. Beginning in 2014, individuals and families earning 100% to 400% of the federal poverty level are eligible […]

Income Tax Accounting for Trusts and Estates

Planning allocations between entities and beneficiaries is even more critical with higher tax rates on the horizon. Estates and nongrantor trusts must file income tax returns just as individuals do, but with some important differences. For one, their income is taxed at either the entity or beneficiary level depending on whether it is allocated to […]

Small Business Stimulus Passes Congress

The House on Thursday passed the Small Business Jobs Act of 2010 (HR 5297) by a vote of 237–187, and sent it to the President, who is expected to sign the bill into law. The bill, which passed the Senate last week, expands loan programs through the Small Business Administration (SBA), strengthens small business preference […]

Home loan demand ebbs

U.S. demand for home loans fell for a third straight week last week while prices for single-family homes retreated further in July as the housing market struggles for balance with less government support. Loan applications to buy homes fell 3.3 percent, the Mortgage Bankers Association said on Wednesday. A second report showed the Federal Housing […]

Changes to the Sales Tax Exemption for Clothing and Footwear

Chapter 57 of the Laws of 2010 recently amended the sales and use tax law to enact changes to the state’s exemption for clothing, footwear, and items used to make or repair clothing (clothing and footwear) sold for less than $110 per item or pair. These law changes also allow counties and cities that impose […]

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Stock Market: Tax Issues, Cautious Recovery Create Uncertainty

Stock Market: Tax Issues, Cautious Recovery Create Uncertainty

The Right Stuff: Six Traits of Dynamic Business Professionals

Tax Benefits Change for College Funding Programs

For New Tax Breaks, Act Fast

IRS to stop mailing income tax forms

ObamaCare’s Tax Credit System Will Make April 15 Even Harder

Income Tax Accounting for Trusts and Estates

Small Business Stimulus Passes Congress

Home loan demand ebbs

Changes to the Sales Tax Exemption for Clothing and Footwear

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