The cost of sending a child to college is daunting. According to the latest figures from the independent College Board, the total average cost for the 2010/2011 academic year – including tuition and fees, room and board, books and supplies, transportation and other sundries – for in-state students at four-year public colleges was $20,339. For […]
The IRS has increased the standard mileage rates to be used for computing the deductible costs of operating a vehicle for business or for driving for medical or moving reasons. The new rates will apply to driving from July 1, 2011, through December 31, 2011. The revised rates are 55.5¢ per mile for business driving […]
Do you regularly monitor your company’s cash accounts? You should. Even if you leave the job to your bookkeeper or accountant, you should stay aware of where the cash is going and how the spending is approved. Along with inventory “shrinkage,” theft or improper expenditures of cash are among the chief sources of loss for […]
Have you taken the time to check your income tax withholding for 2011? Although there were no major changes in tax rates or deductions for this yea, there are still several reasons why you might want to adjust your withholding. For example, maybe you’ve bought a house for the first time. Did you know that […]
If you change jobs, you may have an important decision to make – what to do with your 401(k) plan. You’ll have several choices. Unfortunately, the easiest choice is the worst choice: that is, to take a distribution from the old plan and put it in the bank. It may be tempting, because who couldn’t […]
One of the first decisions you face as a new business owner is whether or not to incorporate your business. The biggest advantage of incorporating is limitation of your liability. The responsibility for debts and other liabilities incurred by a corporation is generally limited to the assets of the business. Your personal assets are not […]
Summertime fun can be made even more enjoyable by adding tax savings. Here are some tax-saving ideas to consider: * If you have summer travel plans and the primary purpose of your trip is business, you can deduct all the travel costs to and from your business destination and all other business-related costs even if […]
Click the following link to read more IRS Announces “Good Faith” Extension of Voluntary Disclosure Deadline.
Click the following link to read more Congressional Bill Would Equalize Tax Treatment for Domestic Partners in Health Plans.
IRS Gives Relief for Late Elections to Combine Real Estate Activities.