Blog

  • New 1099 Reporting Requirements Revisited

    In a previous post Welcome to Healthcare Tax Compliance Hell, a little known clause that was slipped into the Health Care legislation, was highlighted.  This clause required that any taxpayer, with business income,  is required to issue a 1099 form to any, and all vendors that they purchase goods or services from, and spend more…

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  • States to Be More Aggressive with Tax Collection

    Earlier this year, PA launched an aggressive amnesty campaign to collect back taxes owed to the PA Department of Revenue.  Apparently, PA’s amnesty campaign was extremely effective. According to Governor Rendell, the PA amnesty program brought in $261 million in previously uncollected revenue.  The goal of the program was $190 million. Because of the program’s success,…

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  • Businesses Can Save Money When Hiring New Employees

    As a business owner you may now have an opportunity to either receive a payroll tax savings for the rest of 2010 on  employees you hire or take a tax credit against business income on your 2011 tax return. Save Money when Hiring New Employees The Work Opportunity Tax Credit offers business owners to take…

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