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Featured Articles
PAYROLL TAX CUT EXTENDED! Well at least for now…
PAYROLL TAX CUT EXTENDED! Well at least for now… The US Congress just recently passed a two-month extension of the payroll tax cut on the employee side starting at the first of the year. This cut lowered the employee portion of the payroll tax from 6.2% down to 4.2%. The temporary extension was passed [...]
VETERANS – LISTEN UP! BUSINESSES WANT YOU!
VETERANS – LISTEN UP! BUSINESSES WANT YOU! On November 21, 2011, a new law was enacted that creates employment incentives designed to get unemployed veterans back to work after their service. This should create a much smoother transition for vets to getting back into the workplace and give the businesses that hire them an incentive [...]
INFLATION = INCREASED TAX BENEFITS? YES FOR 2012!
Inflation = Increased Tax Benefits? Yes for 2012! Today’s economy sometimes makes us feel like the flower in the picture, which leaves us asking is there any benefit from the situation. Well I do have good news amongst all the bull (referring to the picture of course). Uncle Sam is increasing various tax breaks [...]
CARPE PER DIEM! IRS Raises Per Diem Rate!
Carpe Per Diem! IRS Raises Per Diem Rate! Effective October 1, 2011, businesses may now pay themselves or their employees $242 a day for meals, lodging, and incidentals in 43 high-cost regions (surprise surprise…Sedona = one of those high-cost regions). In all other localities, it increased to $163. For solely meals and incidentals, the rate [...]
American Opportunity Credit – Refundable Tax Credit for Paying College Expenses?
American Opportunity Credit – Refundable Tax Credit for Paying College Expenses? The short answer? Yes! The American Opportunity Credit (AOC) replaced the Hope credit of previous years and is a great way to get a little money back from the ever-increasing amount of college expenses that are incurred every year. Here it is in a [...]
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