|
|
|
|
Archive for July, 2010
State Making Efforts to Enforce Sales Tax Compliance
Tuesday, July 20th, 2010
Affordable Care Act Tax Provisions
Monday, July 19th, 2010|
|
|
The Affordable Care Act was enacted on March 23, 2010. It contains some tax provisions that take effect this year and more that will be implemented during the next several years. The following is a list of provisions now in effect; more provisions are expected. |
Tax Credits for Home Improvements
Thursday, July 15th, 2010|
|
|
Summer is a great time to tackle those home improvements on your list. And under the American Recovery and Reinvestment Act (ARRA) of 2009, the energy tax credit is increased. The new law raises the credit rate to 30% of the cost of all qualifying improvements and raises the maximum credit limit to $1,500 for improvements placed in service in 2009 and 2010. |
Don’t Panic! Eight Things to Know If You Receive an IRS Notice
Wednesday, July 14th, 2010|
|
|
The Internal Revenue Service sends millions of letters and notices to taxpayers every year. Here are eight things taxpayers should know about IRS notices – just in case one shows up in your mailbox. |
Hourly Employees? QuickBooks Can Track Their Time
Wednesday, July 14th, 2010|
Chris Blach, QuickBooks ProAdvisor |
|
|
Safeguard Your Tax Records from Disaster
Tuesday, July 13th, 2010|
|
| Individuals and busnesses can safeguard their tax records from disaster by taking a few simple steps. (more…) |
Financial Planning Tips for July 2010
Tuesday, July 6th, 2010|
|
| Estate Plan Checkup Give some thought to your estate plan. How do you want your assets to be distributed at your death? Federal estate tax may be a factor. Please call us for guidance on how to minimize estate taxes and probate costs, so that the maximum amount goes to your desired beneficiaries. Examine Property Tax Bills Budget vs. Actuals Investment Review |
Getting Married? Filing Status Considerations
Tuesday, July 6th, 2010|
|
| Summer is wedding season. If you are getting married this summer, remember to give some attention to your 2010 tax filing status.
You have two filing status options: married filing jointly, or married filing separately. (more…) |
Coverdell Education Savings Accounts
Tuesday, July 6th, 2010|
|
|
A Coverdell Education Savings Account is an account created as an incentive to help parents and students save for education expenses. The total contributions for the beneficiary of this account cannot be more than $2,000 in any year, no matter how many accounts have been established. A beneficiary is someone who is under age 18 or is a special needs beneficiary. (more…) |
Savings for College with 529 Plans
Tuesday, July 6th, 2010|
|
|
As another school year ends, college tuition payments are a year closer. Parents often wonder when they should start saving and how much. College tuition and fees are costly and on the rise. But even with 4-year private schools running on average $36,000 per year, the cost is well worth it. According to the US Census Bureau, individuals with a bachelor’s degree earn more than double those with just a high school diploma. |
