Articles
2011 Tax Changes for Businesses and Investors: Broker Reporting
Investors have been affected by the recent changes in tax law. The reporting required for brokers transferring covered securities alters the information shared with the IRS. Effective Jan. 1, 2011, every broker filing an information return reporting the gross proceeds...
2011 Tax Changes for Businesses and Investors: Retained Workers Credit
Changes to the tax laws over the past few years will affect many of our clients. To keep you informed, we have been summarizing some of these changes. Today, we are covering the retained workers credit. Claiming “Retained workers” can qualify a business for up to...
New Tax Rules for 2011: Retirement Plan Changes
The new tax rules enacted over the past few years have affected many areas of the tax code. For your information, we have summarized below the changes related to retirement plans. Be sure to talk to your accountant about the changes as part of your annual tax...
New Tax Rules for 2011: Personal Income Taxes
Over the past few years there have been many changes to the tax code. To keep you informed, we have provided a summary of these modifications. Within the personal income tax realm, the following policies are in place for 2011. 1. Payroll tax holiday - Employees will...
Tax Relief Act of 2010: Tax Breaks for Individuals Retroactively Reinstated and Extended
Many tax breaks for individuals that expired at the end of 2009 will be retroactively reinstated and extended through 2011, including: the $250 above-the-line deduction for certain expenses of elementary and secondary school teachers; the election to take an itemized...
HSA Tax Forms
Health Savings Accounts provide an opportunity for individuals to reduce their taxable income as they set aside funds to cover medical expenses not covered by insurance, such as deductibles and prescriptions. There are however some reporting requirements. As you are...
Tax Relief Act of 2010: Temporary Employee Payroll Cut for 2011
The Tax Relief Act created a payroll cut for 2011. Under current law employees pay a 6.2% Social Security tax on all wages earned up to $106,800 (in 2011) and self-employed individuals pay a 12.4% Social Security self-employment taxes of on all their self-employment...
Printable Forms Available: Form WH-4 (Spanish)
Indiana's employee withholding tax form, with instructions in Spanish, is now available on our website for printing. If you have any questions on how to complete the form, please contact our office.
Tax Relief Act of 2010: Other Provisions Extended Through 2011
The Tax Relief Act of 2010 extended many individual and business tax breaks through 2011. The list of energy related provisions that will be extended through 2011 include: the $1.00 per gallon production tax credit for biodiesel, as well as the small agri-biodiesel...
Printable Forms Available: Form W-4
Federal tax form W-4, the Employee's Withholding Allowance Certificate, is just one of the many tax forms available on our website for printing. If you have any questions on completing the form, please contact us.
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