by mariettacp | Jan 28, 2011 | Money Tips, Tax Planning, Tax Tips
The Tax Relief Act contains a trove of tax breaks for businesses. The bill OKs the following major new incentives for businesses to invest in machinery and equipment: 1. A 100% bonus first-year depreciation allowance for property acquired and placed in service after...
by mariettacp | Jan 26, 2011 | Money Tips, Tax Planning, Tax Tips
On December 9, Senate Majority Leader Harry Reid (D-NV) introduced H.R. 4853, the Tax Relief, Unemployment Insurance Reauthorization, and Job Creation Act of 2010 (the Tax Relief Act). The Tax Relief Act contains a two-year extension of the Bush-era tax cuts that was...
by mariettacp | Jan 21, 2011 | Money Tips, Tax Planning, Tax Tips
The Tax Relief Act contains a trove of other tax breaks for businesses and individuals. One area of the tax-cut rules to be extended regards the Alternative Minimum Tax (AMT). The AMT exemption amounts for 2010 will be $47,450 for individuals and $72,450 for married...
by mariettacp | Jan 19, 2011 | Money Tips, Tax Planning, Tax Tips
On December 9, Senate Majority Leader Harry Reid (D-NV) introduced H.R. 4853, the Tax Relief, Unemployment Insurance Reauthorization, and Job Creation Act of 2010 (the Tax Relief Act). The Tax Relief Act contains a two-year extension of the Bush-era tax cuts that was...
by mariettacp | Oct 30, 2010 | Money Tips, Tax Planning
On September 27, President Obama signed into law the “Small Business Jobs Act of 2010” (P.L. 111-240) which includes a number of important tax provisions for business. As we talk to our small business clients about their tax planning, we are helping them take...