Important Changes With the Tax Relief Act of 2010

tax-relief-act-2010At the end of 2010, Congress passed a bill called the “Tax Relief, Unemployment Insurance Reauthorization and Job Creation Act of 2010” that will help many Americans during the 2011 and 2012 tax years. Many of the provisions of the bill are extensions from Bush Era tax credits, while others are brand […]

Tax Changes With the PPACA or ObamaCare

obamacare-healthcare-tax-changesIf American taxpayers are looking for reasons to oppose President Obama’s health care bill, they don’t have to look very far. In fact, with the addition of over 20 new or increased taxes, the reasons are plentiful.

Americans are still struggling to recover from the financial fall out resulting from the recession. Despite […]

Payroll Tax Cut: More Discretionary Income In 2011

payroll tax cutIf you have received your first paycheck of the year, you may have been pleasantly surprised. Americans will be receiving more in their paychecks during 2011 thanks to the Tax Relief, Unemployment Insurance Reauthorization and Job Creation Act of 2010. The cut is another attempt to stimulate the […]

Small Business Administration Wants 1099 Requirement Gone

SBA and 1099 requirementThe Affordable Care Act was passed earlier this year to provide health care benefits to millions of Americans.

Not everyone supports this Act. However, almost everyone can agree that one condition places an unfair burden on small business owners. The requirement in question is the mandatory filing […]

IRS Reminds Tax Preparers About Renewing PTINs

tax-preparers-and-PTINsAre you a paid tax preparer? If you intend on preparing tax returns after January 1, 2011, you will be required by federal law to use a Personal Tax Identification Number (PTIN) when submitting tax returns. Previously, paid tax preparers were permitted to use their Social Security number; however, as part of a […]