Insights
Tax Strategies for your Portfolio
Posted by: tgilpin | Posted on: December 19th, 2011
During periods of uncertain market conditions, it is important to consider other ways to increase your portfolio’s value. Refer to our newsletter’s latest article for some key tax considerations to keep in mind when making changes to your investment strategy. Read More
New Law Expands Credit for Hiring Military Workers
Posted by: tgilpin | Posted on: November 30th, 2011
Congress just passed a new law that provides tax credits for employers that hire veterans. The Vow to Hire Heroes Act gives an increased tax credit to employers hiring vets with service-related disabilities. This article explains the details of the Heroes Act. Read More
Tax-Saving Depreciation Moves for Businesses Before December 31
Posted by: tgilpin | Posted on: October 31st, 2011
It’s not too late. You can still take steps to slash 2011 taxes for your business. If you are buying equipment, computers, software, vehicles, office furniture and more, there are valuable tax breaks available this year that are scheduled to expire or become less attractive next year. There is also a special deduction in 2011 for real property improvements. This article explains what you need to do by December 31 to take advantage.
Pay Attention to the Deadline for Reversing 2010 Roth IRA Conversions
Posted by: tgilpin | Posted on: October 13th, 2011
Many people converted their traditional IRAs into Roth IRAs last year because conversions were allowed regardless of income. However, due to the stock market’s performance, some of these same people are now stuck with Roth IRAs that are worth less than they were on the conversion date. If you are in this situation, check out this article for a way to reverse the conversion. But don’t wait. There is a critical upcoming deadline.
New IRS Program for Employers to Reclassify Workers
Posted by: admin | Posted on: September 26th, 2011
The IRS just announced a new program that will allow businesses to reclassify independent contractors as employees at a relatively low tax cost. This happened shortly after the Labor Department announced a new program to team up with states and other federal agencies to crack down on the misclassification of employees as independent contractors. This article explains the basics of both programs.