Whew, the 12-31-09 payroll tax report filing deadline is getting close! Those of you who don’t already have your finalized reports in your hands should be getting them soon. As a result, our office has received an influx of calls by clients—both those that prepare their own reports and those whose reports we prepare—wanting to...
“[The President] shall from time to time give to the Congress Information of the State of the Union, and recommend to their Consideration such Measures as he shall judge necessary and expedient.” – U.S. Constitution, Article II, Section 3
President Obama delivered his State of the Union address to Congress last night. Required by the U.S....
Is it true that if I inherit an IRA from someone other than my spouse, I must withdraw 100% in the current year?
Unfortunately, there is no definite answer to this question. The tax code and the policies of the individual firms that manage IRAs can be inconsistent on how to handle inherited IRAs.
According to the IRS, the...
If you have children under the age of 17, you may be able to take advantage of this tax credit. The IRS considers several things to determine your eligibility for this credit, including the amount of your adjusted gross income, your earned income, tax (before tax credits), and the qualification status of your child.
To qualify...
It seems like every time I turn on the TV, the news shows on all the different networks are covering the same story. And yet, it’s not the same story, because each network seems to have their own answer to the problem, their own spin on the story.
I admit, I always find this occurence frustrating...
We all know that keeping your accounts in balance can sometimes take a lot longer than you would like, even with the great new time-saving features in QuickBooks® 2010. Though there’s not a lot you can do to shorten the time it actually takes to type in a transaction or print a check, there are...
Thanks to the enactment of the 2010 Department of Defense Appropriations Act on December 19, 2009, the COBRA subsidy has been extended. Originally created by the American Recovery and Reinvestment Act of 2009 and set to expire at the end of 2009, the subsidy is now available to those workers who are involuntarily terminated as late...
Leadership is something that every organization, team, business or social faction requires to be successful. Without leadership, the group will flutter aimlessly, unable to achieve goals or destinations. John Maxwell is one of the premier authorities on leadership. His “21 Laws of Irrefutable Leadership” is a classic work outlining who and what a leader looks...
Well, it’s official folks! The Senate passed the resolution to allow taxpayers who itemize the option to deduct qualified cash donations to earthquake relief efforts in Haiti on their 2009 tax returns.
H.R. 4462 is now on its way to President Obama, and he’s expected to sign it shortly.
For those of you who may have missed...
At the Northeast Tarrant Chamber of Commerce Monthly Membership meeting today, we held three drawings, giving attendees an opportunity to win one of three complimentary consultations. And the winners are…
One-Hour Tax/Accounting Consultation – Dawn Jordan-Wells, Agency Owner of D & L Insurance Group, an Allstate Insurance Company in Haltom City, TX
One-Hour Quickbooks Consultation – Cheri Walker, Luxury...
