The 2010 Small Business Jobs Act (SBJA) was recently enacted and includes a wide range of incentives and tax benefits for small businesses
Last Minute Tips
With the end of the 2010 tax year rapidly approaching, there is only a limited amount of time for individuals to take advantage of certain tax savings techniques.
Tax-Free Over The Counter Drugs Ending
A small, but important, component of the health care reform bills passed earlier this year…..
2010 Year-end Tax Planning Presents Unique Challenges
As the end of 2010 quickly approaches, individual taxpayers should start to execute valuable year-end tax strategies.
Under 27 and need health insurance?
As part of the 2010 health care reform law, people up to age 26 can now get covered by their parents’ health insurance policies.
Treasury Goes Green
The U.S. Treasury has adopted a new initiative to dramatically increase the number of electronic transactions for millions of citizens and businesses. It is expected to save more than $400 million and 12 million pounds of paper in the first five years alone.
Foreign Compliance Provisions
The HIRE Act (Hiring Incentives to Restore Employment Act) has included several provisions to increase foreign compliance.
1099-MISC – Are you ready for year-end reporting?
A 1099-MISC is an information return that is used to report miscellaneous income.
Administration Outlines Fiscal 2011 Tax Proposals
On February 1, 2010, the Treasury Department released General Explanations of the Administration’s Fiscal Year 2011 Revenue Proposals (“Green Book”), which provides a description of the Obama Administration’s budget proposals affecting revenues.
Will Your Health Care Be Taxed?
No, you won’t have to pay taxes on health insurance paid by your employer!
But there is a new reporting requirement included in the new health care law that requires health insurance premiums to be reported on an employee’s W-2. Current law excludes health insurance from taxable income, and nothing has changed this tax-free employee benefit.