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Homeowners Review -
If you have recently made a major addition or renovation to your
home, you may want to take a moment and review your homeowners insurance. The
reason? Many of the largest home insurers (including State Farm and Allstate) are
now placing caps on their replacement policies.
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Personal
Tax
Estimated Tax Payments -Many of our clients are required to pay estimated taxes and it often comes to our attention that there may not always be a clear understanding of the mechanics involved in determining how much they are required to pay Uncle Sam during the calendar year.
Business Strategy Breakeven Analysis - It is absolutely essential that each business owner do a breakeven analysis of his current or proposed business. A breakeven analysis examines the interaction among fixed costs, variable costs, prices, and unit volume to determine that combination of elements in which revenues and total costs are equal.
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IRS Announcements
Tax Relief In Disaster Situations
Dedicated Phone Line For Gulf Oil Spill Victims
IRS Issues Regulations on 10 Percent Tanning Service Tax
Deadline Extended for Certain Retirement Plans in Eight States
Past Tax Acts of Note
The American Recovery and Reinvestment Act of 2009 - The Recovery Act was signed into law on Feb. 17, 2009 and makes a number of beneficial changes for both individuals and businesses.
2008 Economic Stabilization Act - After several months of declining stock markets and frozen credit markets, Congress acted quickly to pass the Emergency Economic Stabilization Act of 2008.
Economic Stimulus Act of 2008 - On February 13, 2008, the President signed the Economic Stimulus Act of 2008 providing rebates for individuals and incentives for business investment.
Small Business and Work Opportunity Tax Act of 2007 - Congress passed this Act in order to provide small business tax relief as a counter to the phased-in increase in the federal minimum wage from $5.15 an hour to $7.25 an hour over the next two years.
2006 Tax Relief and Healthcare Act - Now that the election cycle is finally over, Congress has acted to extend a significant number of tax breaks that have been held up due to partisan wrangling. The Act also provides for some tax changes taking effect in 2007.
2006
Pension Protection Act - On August 4th, Congress passed the Pension Protection Act of 2006
("PPA"), a package of sweeping reforms for employer-sponsored
retirement plans.
Tax
Increase Prevention and Reconcilation Act - What started off as a 2005 tax act being
negotiated in Congress many months ago has finally become law in late
May of 2006.
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