Blog

  • Top 8 Highlights of the 2010 Tax Compromise That Will Save You Money

    On Friday, December 17, 2010, President Obama signed into law, the much talked about, tax compromise and extension of the President Bush tax cuts.  Included in the bill were some additional benefits to taxpayers and employees.  Here are eight highlights from the recently passed tax bill: The tax rates for all individuals and all income groups, including the top…

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  • Is a CPA Important to a Business?

    So, you started a business and bought a copy of QuickBooks.  You are going to load up that bad boy on your computer, enter a few numbers and away you go.   You’re all set to keep detailed financial records. Who needs to spend a few hundred dollars a month for the services of a CPA.  You’re…

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  • CPA Firms and Businesses Hope for a Repeal of 1099 Requirements

    Congress has returned from its August and recess and wasted no time getting down to business.  Yesterday, the Senate cleared a hurdle to pass It’s Mini-Tarp, aka the Small Business Bill.  After the cloture vote passed, the Republicans could not stop it.  They then turned their attention to amendments to the bill. One issue they tried to tackle was to to ease…

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  • Bye, Bye Paper Tax Coupons

    Do you still file your  taxes using paper coupons.  If so, you may need to convert over to the IRS EFTPS electronic payment system.  The IRS has published a proposed regulation (REG 153340-09), that would eliminate the rules for making deposits via paper coupon.  After Dec. 31, 2010 the paper coupon system, maintained by the…

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