by | Jan 16, 2012 | Current Affairs, Income Taxes, Tax Tip of The Week
The IRS has informally indicated that iPads and other tablets will be treated like cell phones when employers provide them to employees. Thus, employees won’t be taxed on the value of personal use, as long as the devices are provided primarily for business reasons...
by | Jan 7, 2012 | Current Affairs, Income Taxes, Tax Tip of The Week
The IRS issued News Release 2001-103 (10/20/11) that announced the following qualified retirement plan limits for 2012: ...
by | Jan 2, 2012 | Current Affairs, Small Business Owners
Employers can face huge penalties related to I-9 violations. All employers are required to complete an I-9 form for each new employee within the first three days they are hired. Enforcement activities and random audits are increasing and have already resulted in...
by | Jan 1, 2012 | Current Affairs
by | Dec 31, 2011 | Cost Cutting, Current Affairs, Income Taxes
Congress has passed new legislation providing an expanded tax credit to employers that hire unemployed veterans. The maximum credit is $5,600 for hiring veterans who have been out of work at least six months, and $9,600 for hiring unemployed vets with disabilities....
by | Nov 22, 2011 | Accounting & Bookkeeping, Business Profit & Cash Flow Tips, Cost Cutting, Current Affairs, Income Taxes, Tax Tip of The Week
There is still time to cut your business income tax bill for 2011. Here are 7.5 tax cutters that you should consider implementing before year-end: Buy equipment this year. For 2011, the maximum 100 percent deduction of equipment under Section 179 is $500,000. This is...
