New IRS Form 990-N
If you serve on the board of a small tax exempt organization (such as your local school’s PTA or PTO), you may need to be aware of a recent tax law change.
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2007 Tax Newsletter
The final quarter of the year is an excellent time to review some tax planning strategies that may help reduce your overall income tax burden.
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2008 Payroll Withholding and Payroll Tax Changes
Our annual payroll information update for 2008 is now available. Please review it carefully and share it with personnel who assist in payroll matters.
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Tax Increase Prevention Act
The “Tax Increase Prevention Act of 2007” (TIPA) provides for a one-year patch of the AMT for 2007 but does not offset the revenue cost of the measure with revenue raising provisions.
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Congress Passes Economic Stimulus Act of 2008
On Feb. 7, both the Senate and House of Representatives passed H.R. 5140, the "Economic Stimulus Act of 2008" (Stimulus Act). The measure is thus cleared for the President's signature.
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Tax Rebate Check Dates
The IRS just released the following expected payment dates (for those who qualify) for the economic stimulus rebate checks. If you file your 2007 tax return on time, you should receive your payment by the following dates:
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2008 Mid-Year Tax Planning Newsletter
Tax planning has become increasingly complicated. Congress in the past several years has passed legislation that phases in, phases out, or sunsets. They apply some laws retroactively or for the future! Or our personal favorite, the 12th hour legislation where your planning has to be centered on "if you only had a crystal ball", will they or won't they extend the friendly rules or take the more aggressive approach.
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Mileage Rate Increases
Business standard mileage rate increases for last half of 2008; other rates also rise.
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Bonus Depreciation and Section 179
Just a nudge to remind you that the Economic Stimulus Act of 2008 (passed earlier this year) added generous provisions for businesses, namely, a 50% bonus depreciation deduction and an increased Section 179 deduction of $250,000.
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Resident Change At The White House
Will our new President beginning in 2009 be Senator John McCain or Senator Barack Obama?
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Emergency Economic Stabilization Act of 2008 (EESA)
The "Emergency Economic Stabilization Act of 2008" (EESA), which was enacted October 3, 2008, contains multiple important provisions that we want to make you aware of.
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Standard Mileage Rate For 2009 Decreases
IRS has announced that the optional mileage allowance for owned or leased autos (including vans, pickups or panel trucks) is 55 cents per mile for business travel after 2008.
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2008 Year-End Tax Planning Newsletter
With our nation's economic markets in flux - and facing a new presidental administration in January that will undoubtedly result in changes to the tax code - the need for effective tax planning may never have been greater.
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Required Minimum Distribution Relief in the Worker, Retiree, and Employer Recovery Act of 2008
A recent tax law change promises to help give older Americans some much needed financial flexibility as they struggle to manage their finances during this difficult economic time.
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2009 Payroll Withholding and Payroll Tax Changes
Annual summary of specific provisions relating to payroll and information reporting.
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