March 30, 2010
Late last month a Michigan Federal District Court ruled that severance payments that were not connected to the receipt of state unemployment benefits and that were partially paid in a lump sum were not wages subject to Social Security and Medicare tax.
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March 22, 2010
On March 18th, President Obama signed the Hiring Incentives to Restore Employment (HIRE) Act (aka, the Jobs Bill), into law.
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January 29, 2010
The IRS announced on January 26, 2010 (Announcement 2010-9) it is proposing that business taxpayers report their uncertain tax positions.
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November 19, 2009
The end of 2009 brings down the curtain on the most recent seven-year business cycle with a resounding thud.
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July 07, 2009
Does Good News/Bad News Mean a Construction Recession Bottom Is In Sight?
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June 02, 2009
Recently, the IRS issued inflation-adjusted contribution limitations into health savings accounts (HSAs) for calendar year 2010.
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April 28, 2009
Winter’s gloom continues to settle in on the non-residential construction market nationally. Compounding the financial issues, widespread downsizing has elevated unemployment to levels not seen since the early 1980’s, further suppressing demand.
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March 23, 2009
This is a crucial time to be concerned and watchful of your employees. It has been shown that the temptation to commit fraud becomes much greater in more troubled economic times.
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March 23, 2009
As the economy continues to slide, more and more people are considering whether to pull money out of their retirement plans. Before you take the steps towards pulling out your money, the following are some things that should be considered.
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February 23, 2009
Learn more on the first time homebuyers and vehicle deduction tax credits.
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February 23, 2009
The Internal Revenue Service issued new regulations affecting ERISA-covered 403(b) retirement plans beginning with plan years ending December 31, 2009.
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January 27, 2009
Taxpayers are required to report and pay tax on gifts given to individuals during the year. The Internal Revenue Code states that taxpayers receive an annual exclusion amount for a gift of present interest.
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January 27, 2009
In accounting, "going concern" refers to a company's ability to continue functioning as a business entity. Current economic conditions provide particular challenges to all involved with annual reports and accounting.
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January 27, 2009
Choosing the correct accounting software can be a difficult process. If you ask the right questions, you can be confident that you will choose the software that is best for your company.
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January 13, 2009
As expected, the last 60 days of 2008 revealed one dismal economic report after another in reflection of the stunning crash of the stock markets in early October and the breakdown in the credit markets.
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January 12, 2009
The current state of the economy has pushed many taxpayers into an unfamiliar position for tax year 2008, a loss position. While no business desires to be operating at a loss, there may be some relief in the form of cash refunds.
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October 24, 2008
For an economy that was already running out of steam, the market events of the month between mid-September and mid-October could hardly have been more damaging.
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August 04, 2008
Only four tax credits remain in Ohio as the taxing regime shifts from the corporation franchise tax to commercial activity tax.
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August 01, 2008
Professional economists (ones that are paid to forecast rather than profess) are faced with putting their reputations on the line each year by foretelling the future.
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July 14, 2008
Estate tax reform is highly likely, although it probably won’t happen until late summer or fall, 2009.
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June 09, 2008
Two large uncertainties weigh heavily on the construction economy as the first quarter ended, leaving more questions about the direction of the economy.
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May 08, 2008
You may be asking yourself if a certain CPA is “calendar challenged” to write about year-end tax planning in April.
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March 12, 2007
Do you use propane fuel in your business? If so, you may be eligible to claim a federal tax credit of up to $0.50 per gallon.
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