November 05, 2010
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The Cost of Doing Business in 2011
While it’s anyone guess how the economy will fare in 2011, the editors of “The Kiplinger Letter” offer up their annual predictions of what businesses can expect to spend. In summary, most everything will increase; however, there are a few surprises. Inflation and Profits Inflation is expected to have a modest gain, while the Consumer […]
Read more- November 05, 2010
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Prepare Now for 2010 Tax Incentives
November is an ideal time of the year to begin preparing yourself for the 2010 tax season. As is the case every year, there are a few fine points to pay attention to in order to keep from paying too much – or, in some cases, facing penalties that could have been easily avoided. This […]
Read more- November 04, 2010
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Navigating Nexus
Multistate business operations face a wide variety of state taxes. Nexus can be a hidden danger for a company with a multistate presence. Certain activities might cause nexus for sales and use tax, income tax, franchise tax or other business taxes. One key to successfully navigating these widely varying provisions is for tax professionals to […]
Read more- November 03, 2010
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IRS Announces Pension Plan Limitations for 2011
The Internal Revenue Service today announced cost of living adjustments affecting dollar limitations for pension plans and other retirement-related items for tax year 2011. In general, these limits will either remain unchanged, or the inflation adjustments for 2011 will be small. Highlights include: The elective deferral (contribution) limit for employees who participate in section 401(k), […]
Read more- November 02, 2010
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IRS Issues Procedure Adjusting Tax Credits, Amount Limits for Inflation
The Internal Revenue Service Oct. 28 issued Revenue Procedure 2010-40, which provides inflation-adjusted amounts for various tax credits, limits, and fringe benefits. Also Oct. 28, IRS issued inflation adjustments (IR-2010-108) for qualified retirement plans. Every year IRS issues a procedure identifying changes in amounts for a multitude of tax credits, fringe benefit limits, tax exclusions, […]
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