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Important Provisions of the American Tax Relief Act Of 2012
Waiting until the last minute to avoid the so-called “fiscal cliff,” Congress passed the American Tax Relief Act of 2012” (“ATRA”) on January 1, 2013. This long-awaited tax legislation permanently ...
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Tuesday, January 22nd, 2013
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Summary of 2012 New Developments for Businesses and Individuals
Jump to: Summary for Individuals | Summary for Businesses Summary for Businesses Middle Class Tax Relief Act (Payroll Tax Cut Bill). Last February Congress extended through December 2012 the temporary reduction in the ...
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Monday, November 19th, 2012
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2012 Year-End Income Tax Planning For Individuals
This information is intended to: 1) identify potential year-end tax strategies that exist in light of the major tax changes scheduled to take effect in 2013; 2) identify alternative considerations if ...
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Monday, November 19th, 2012
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2012 Payroll Checklist
In preparation for the 2012 tax year we have developed a payroll checklist to ensure all payments that are considered compensation are captured in your employees’ W-2. Whether you process ...
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Monday, November 19th, 2012
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2012 Year-End Income Tax Planning For Businesses
This information is intended to: 1) identify potential year-end tax strategies for businesses and owners that exist in light of the major tax changes currently scheduled to take effect in ...
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Monday, November 19th, 2012
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2013 Annual Exclusion for Gifts
For calendar year 2013, the first $14,000 of gifts to any person are not included in the total amount of taxable gifts made during that year.
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Monday, November 12th, 2012
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2013 Cost of Living Adjustments for Retirement Plans
The following plan limits are increased effective 1/1/13: Elective deferrals – Increased from $17,000 to $17,500 (401k and 403b plans) SIMPLE accounts – Increased from $11,500 to $12,000 Defined benefit ...
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Monday, November 12th, 2012
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New for 2012: The Virginia Tax Refund Debit Card
The Virginia Department of Taxation is implementing a significant change in the way individual income tax refunds are issued. We have provided the information below to help prepare our clients ...
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Monday, November 12th, 2012
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Are You Considering Hiring an Accounting Professional
It is always challenging to hire qualified accounting professionals you can trust. We work with a lot of small businesses and hear many stories about new hires that looked great ...
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Tuesday, August 14th, 2012
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A Summer Hiring Tip for Business Owners
Hiring for Summer? Did you know as a business owner you have the option of hiring your children? What are the Benefits of Hiring Your Children? Hiring your children can ...
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Tuesday, June 19th, 2012
