Posts Tagged ‘tax relief’
Extended Payroll Tax Cut Could Benefit Small Business Owners
We’ve discovered some good news for the savvy small business owner. The IRS has extended a 2011 payroll tax cut through the end of February 2012. This tax cut is a 2% reduction in Social Security tax from 6.2% o 4.2%. (which they assure us will have no effect on our [Read More]
What you should know about the Alternative Minimum Tax
Alternative Minimum Tax (AMT) is a tax that can be imposed on individuals, corporations, estates and trusts. For individuals Alternative Minimum Tax (AMT) is calculated at 26% or 28%. For corporations it is calculated at 20%. [Read More]
Florida Businesses Billed For Florida Unemployment Interest on Federal Loans
In the past week businesses in the State of Florida have received letters from the Florida Department of Revenue (FDOR) concerning an assessment amount due, including myself. When I received my letter I had to take a second and third look because I thought that the FDOR [Read More]
Tax cuts to soothe the angry mob: quick fix or good planning?
In December we went through a brief overview of the Tax Relief, Unemployment Insurance Re-Authorization and Job Creation Act of 2010. Now that the dust has settled and the bill is in place, we are going to spend a few weeks dissecting it in more detail. Today we are going [Read More]
IRS News: Some Taxpayers Will Have to Wait to File Their Taxes
As a result of the December 17, 2010 tax law changes, the Internal Revenue Service announced on December 23, 2010 that the upcoming tax season will start on time for most people, but taxpayers affected by three recently reinstated deductions need to wait until mid- to late [Read More]
Tax Relief, Unemployment Insurance Reauthorization, and Job Creation Act of 2010 Overview
Hooray! Congress finally passed its tax relief bill, which extends the Bush tax cuts to 2012 and unemployment benefits through 2011, and extends incentives for business investment spending! [Read More]
