The American Jobs Act, President Proposes $447 Billion Jobs Package

  • October 4, 2011

The American Jobs Act of 2011, Special Report. President Obama has challenged Congress to immediately pass the American Jobs Act of...

Congress Approves Debt Ceiling Bill

  • August 4, 2011

The Budget Control Act of 2011, Special Report. On August 2nd, President Obama quickly signed the Budget Control Act after passed...

IRS Increases Business Mileage Rate

  • June 27, 2011

By Shelly Toft, CPA, Manager Due to the increase in fuel costs, the IRS has increased the optional standard mileage rates...

IRS Releases Guidance for Grandfathering of Health Insurance Plans

  • July 2, 2010

The IRS has issued temporary and proposed guidance under which health insurance plans will be treated as grandfathered under the Patient Protection and Affordable Care Act (PPACA). Plans that are not grandfathered or that lose their grandfathered status will be subject to new shared responsibility requirements for employers after 2013. The IRS also provided the notice requirements that grandfathered plans must give to participants and beneficiaries.

Congress Completes Overhaul Of Health Care Law and Makes Many Tax Changes

  • April 21, 2010

More information to follow up on our first article regrading Health Care Reform. Passage of the Health Care and Education Reconciliation Act of 2010 (H.R. 4872) Reconciliation Act) by Congress, followed by its signing by President Obama on March 30, 2010, completes a massive overhaul of the nation’s health insurance and health delivery systems.

Do You Do Business In More Than One State? Considering Expansion To Other States? New Tax Laws To Keep In Mind.

  • February 8, 2010

As if the economic downturn wasn’t bad enough, state taxing authorities are on the warpath — and your business may very well be in their crosshairs. With budget woes approaching crisis point across the country (witness California’s well-publicized meltdown), state treasuries are stretched painfully thin. In response to their empty coffers, state taxing authorities are actively targeting both in-state and out-of-state companies for income and sales tax compliance.

Hiring Additional Workers? New Info About The Work Opportunity Tax Credit.

  • January 25, 2010

With the economic conditions beginning to move in a positive direction many employers may find themselves needing to hire additional workers. The hiring of these new employees may qualify you for the Work Opportunity Tax Credit.

IRS Commissioner Outlines Agenda For 2010 And Beyond

  • January 4, 2010

In a major address in Washington, D.C. in December, IRS Commissioner Douglas Shulman described the agency's priorities for 2010 and beyond. As expected, the IRS chief promised that the agency would crack down on tax evasion, especially by wealthy Americans. Shulman also indicated that the IRS may explore joint audits with other tax authorities

IRS Reminds Homeowners About New Energy Credits To Help “Winterize” Your Home

  • December 3, 2009

Two expanded home energy credits are available to help homeowners lower both their winter heating bills as well as their 2009 tax bill, the IRS is reminding taxpayers. The nonbusiness energy property credit and the resident energy efficiency property credit can both be claimed by eligible homeowners when filing their 2009 federal income tax return. The credits are available when you itemize your deductions or take the standard deduction