1099 Rules Repealed

Melissa Clary Business, News, Uncategorized 0 Comments

New law repeals the expanded Form 1099 reporting rules On April 14, 2011, President Obama signed legislation – the “Comprehensive 1099 Taxpayer Protection and Replacement of Exchange Subsidy Overpayments Act of 2011” – repealing expanded reporting rules for businesses and …

1099 Rules Repealed

Melissa Clary Business, News, Uncategorized 0 Comments

New law repeals the expanded Form 1099 reporting rules On April 14, 2011, President Obama signed legislation – the “Comprehensive 1099 Taxpayer Protection and Replacement of Exchange Subsidy Overpayments Act of 2011” – repealing expanded reporting rules for businesses and …

New Law Includes Payroll Tax Cut

Melissa Clary Tax 0 Comments

There’s a new tax break this year, and you’ll want to update your budget to accommodate it. The compromise tax legislation passed in December included a payroll tax cut for 2011. * How it works when you’re an employee: Your …

Obama Tax Cuts Passed

Melissa Clary News, Tax 0 Comments

Our firm has been preaching doom and gloom all year regarding higher tax brackets, alternative minimum tax affecting 20 million people, and tax credits being cut back.  We can breathe a sigh of relief as President Obama decided to grant …

Tax Planning

Melissa Clary News, Tax, Uncategorized 0 Comments

The best time for tax planning is now, right before the end of the year.  The reason why is there is still time to make changes that will impact how much taxes you pay.  Several things with regards to the tax …

Choosing a Tax Preparer

Melissa Clary News, Tax 0 Comments

When it comes to income taxes it is crucial to find someone who you can trust and will do a good job.  How should you start by going about finding a tax professional?  It’s easier to ask for referrals first …

Buy-Sell Agreements

Melissa Clary Business, Tax 0 Comments

Who needs a buy-sell agreement? A buy-sell agreement is needed for every co-owned business.  Every day that value is added to the business increases the financial risk when this agreement isn’t in place.  Business owners often ask CPAs about how …

Business Entity Selection

Melissa Clary Business, Tax 0 Comments

Business Entity Selection When starting a business you must decide what type of business entity you are going to establish.    It is important to consider the legal and tax implications for the different types of entities before you make this …