The tax laws enacted in the last couple of years contain important income tax and information reporting provisions that are effective for the first time in 2011. To inform you of what’s new in the tax rules, here’s a summary of the key tax changes for 2011, broken down into three categories: Personal Income Taxes, Retirement

Read More

Welcome to my fully revised and updated weekly newsletter! Dear Client,On December 17, 2010 the President signed into law the Tax Relief, Unemployment Insurance Reauthorization, and Job Creation Act of 2010 (the 2010 Tax Relief Act).   The 2010 Tax Relief Act extends for two years the Bush-era tax cuts, retains for two years favorable tax

Read More

Welcome to my fully revised and updated weekly newsletter! Dear Client,The recently enacted 2010 Small Business Jobs Act includes a wide-ranging assortment of tax breaks and incentives for businesses. Here’s a brief overview of the tax changes in the Small Business Jobs Act.  Enhanced small business expensing (Section 179 expensing). To help small businesses quickly recover the

Read More

Welcome to my fully revised and updated weekly newsletter! The midterm elections have changed the Congressional landscape, with Republicans winning control of the House of Representatives and picking up seats in the Senate. Even so, it’s still too early to know exactly how this will affect open tax issues for 2010 and 2011.Specifically, when the

Read More

Dear Client, For owners of small businesses and their workers, the recently enacted health reform legislation has some key provisions to pay attention to. The major ones include: tax credits; excise taxes; and penalties. But whether a business will be affected by them depends on a variety of factors, such as the number of employees the

Read More