- September 10, 2010
- Andrew Presti
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New 1099 Requirement Presents Potential Challenges for Small Businesses
While the new health care bill affects the way small businesses maintain and administer medical plans, one small provision in the bill has nearly been overlooked in the hubbub of activity. Beginning in 2012, companies must report to the IRS payments of more than $600 a year to any vendor, including individuals and corporations. Where’s […]
Read more- September 09, 2010
- Andrew Presti
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New Tax-Cut Proposals Could Be Problem for President Obama
Tax experts and economists offered mixed reviews about the feasibility of the Obama administration’s attempt to pass additional tax cuts now with the legislative year winding down, even as the president declined Sept. 3 to specify what proposals his administration will advance. On Aug. 30, the president announced that he will propose a series of […]
Read more- September 08, 2010
- Andrew Presti
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Obama to propose another business tax cut
In another move aimed at stabilizing the still-shaky economy, President Obama on Wednesday will introduce a new $200 billion tax cut giving businesses across the country an incentive to buy new equipment in the short term, according to a senior administration official. The tax cut would allow businesses to write off 100% of new investments […]
Read more- September 07, 2010
- Andrew Presti
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Obama to propose 100 billion tax credit
President Barack Obama will call for a 100-billion-dollar business tax credit this week to boost the sagging US economic recovery, The Washington Post reported. Obama will use a speech in Cleveland on Wednesday to launch what administration officials said was a new policy push, it said. The proposal would increase and permanently extend research and […]
Read more- September 06, 2010
- Andrew Presti
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Five Ways To Freeze Out Uncle Sam
For those who dare to think ahead, today’s down market and low interest rates offer great tax saving opportunities. Low interest rates are a bummer for investors, but if you’re serious about doing some estate planning right now, your heirs could reap a bonanza. Although the estate tax was repealed for one year at the […]
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