March 04, 2011
Andrew Presti
Blog Posts
0 CommentsThe best way to retain your most qualified and valuable employees is to ensure they never want to leave. While life circumstances might necessitate occasional employee relocations (or leaving for a higher salary), try to keep your top employees from ever leaving due to job dissatisfaction. Allow Creative Expression to Reign Most workers do not […]
Read moreMarch 04, 2011Andrew PrestiBlog Posts0 CommentsThis is the time of year when many of us begin the frantic search for tax deductions. While most of the deductions allowed were set in stone on Dec. 31, 2010, there might still be some gems to uncover in your 2010 costs. One of them could be found in your medical expenses. Limitations As […]
Read moreMarch 04, 2011Andrew PrestiBlog Posts0 CommentsA recent change in federal tax law regarding business investment in machinery and equipment could be very costly for many states — at a time when they can least afford it. Nineteen states are on track to lose $5.3 billion in state corporate and individual income tax revenues during the current and next two state […]
Read moreMarch 03, 2011Andrew PrestiBlog Posts0 CommentsMarch 1st, 2011 Revenue forecasts made by America’s state governments are increasingly missing the mark, a trend that is aggravating political, fiscal and social pain as most of the 50 states grapple with budget shortfalls, according to two leading think tanks. The widening mistakes in revenue forecasts, which added up to $49 billion in fiscal […]
Read moreMarch 02, 2011Andrew PrestiBlog Posts0 CommentsFebruary 28th, 2011 Refunds totaling more than $1.1 billion may be waiting for nearly 1.1 million people who did not file a federal income tax return for 2007, the Internal Revenue Service announced today. However, to collect the money, a return for 2007 must be filed with the IRS no later than Monday, April 18, […]
Read moreMarch 01, 2011Andrew PrestiBlog Posts0 CommentsFebruary 28th, 2011 The massive U.S. budget deficit is the gravest threat facing the economy, topping high unemployment and the risk of inflation or deflation, according to a survey of forecasters released on Monday. The National Association for Business Economics said its 47-member panel of forecasters increased its estimate for the 2011 federal deficit to […]
Read moreFebruary 28, 2011Andrew PrestiBlog Posts0 CommentsIn its latest effort to help struggling taxpayers, the Internal Revenue Service today announced a series of new steps to help people get a fresh start with their tax liabilities. The goal is to help individuals and small businesses meet their tax obligations, without adding unnecessary burden to taxpayers. Specifically, the IRS is announcing new […]
Read moreFebruary 25, 2011Andrew PrestiBlog Posts0 CommentsState tax burdens for Americans fell for the first time in a decade during the recession. U.S. residents paid an average 9.8% of their income in state and local taxes in 2009, according to a study the Tax Foundation released Wednesday. That’s down modestly from 9.9% in 2008 and reverses the upward trend seen over […]
Read moreFebruary 24, 2011Andrew PrestiBlog Posts0 CommentsIt is the gift tax that keeps on giving. Families now have the chance to pass a substantial stake in their businesses to the next generation—even before handing over the reins. But transferring ownership can raise complicated succession and estate-planning issues that families need to address before giving away so much as a share of […]
Read moreFebruary 23, 2011Andrew PrestiBlog Posts0 CommentsThe Financial Accounting Foundation (FAF), FASB’s parent organization, is expected this month to discuss a report recommending a new standard-setting board to establish exceptions and modifications to U.S. GAAP for private companies. This discussion follows the culmination of a year’s worth of work by a blue-ribbon panel, formed in December 2009 as part of a joint […]
Read more