Affordable Care Act Compliance Deadline
Under the health care law regarding the Affordable Care Act, many employers must notify their employees about the Health Insurance Marketplace by October 1, 2013. Three things you must tell your employees If your company is covered by the Fair Labor Standards Act (generally companies with at least $500,000 in annual dollar volume), you must…
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How Latest Tax Changes Will Affect You or Your Company
The U.S. Supreme Court ruling on June 28, 2012, upheld the Patient Protection and Affordable Care Act of 2010. Individuals and business owners can expect to see several changes over the next few years depending on the results of the presidential election on Tuesday, November 6. Listed below are a few highlights of the upcoming…
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Tax Planning for the Fiscal Cliff and Beyond – Business and Individual Planning
The holidays will soon be behind us and the new-year-new-you weight-loss ads will start to appear. That means it’s time to begin thinking – and planning – for year-end tax strategies to minimize the April 15th tax bite. Traditional tax-reduction strategies for businesses include buying new equipment or computers that you can write off quickly, paying bills…
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Is a $3 million retirement account limit on the horizon?
The short answer to that question is yes. On April 10th, President Obama released his Fiscal Year Budget proposals for 2014. One of the many tax changes proposed the in the budget focuses on limiting the size of individual retirement accounts, specifically targeting accounts with high balances. What type of individual retirement accounts are…
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Fiscal Cliff Averted? It All Depends.
Search the term “fiscal cliff averted” and you’ll get about 57 million hits in a quarter of a second. Is that proof enough that we did, in fact, avoid a cataclysmic spill over a scary economic precipice? As a nation, perhaps so. But if you now find yourself approaching the highest income tax bracket, you…
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How Latest Tax Changes Will Affect You or Your Company
The U.S. Supreme Court ruling on June 28, 2012, upheld the Patient Protection and Affordable Care Act of 2010. Individuals and business owners can expect to see several changes over the next few years depending on the results of the presidential election on Tuesday, November 6. Listed below are a few highlights of the upcoming…
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BP Deepwater Horizon Spill Settlement – Your Business May Qualify for Compensation
The new Deepwater Horizon Court-Supervised Settlement is now open and accepting claims. This new program is a dramatic shift from the prior Gulf Coast Claims facility headed by Kenneth Feinburg. Your businesses may qualify even if not located on the coast or involved in tourism. The geographic area of the settlement includes all of Alabama,…
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Gulf Coast Property Owners Can Receive Over $1,000
Do you own a condo on the Gulf Coast? If you owned it on April 20, 2010, you are eligible for a payment being administered by the U.S. District Court-Eastern District of Louisiana because of the Deepwater Horizon Economic & Property Damage Settlement. Under this settlement, no physical damage to your condominium is required. This…
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An Overview of the Medicare Surtaxes
As we wind down 2011, we are already beginning to take a look at 2013 with tax planning in mind. Why? Absent any legislative tinkering to the tax code in this upcoming election year, nearly all taxpayers can expect a big tax hike beginning in 2013. Here is a rundown of just a few changes…
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Our Take on the Herman Cain 9-9-9 Plan
Herman Cain and his 9-9-9 Plan have received considerable attention over the past several weeks. Cain’s plan has been lauded for its simplicity and transparency while at the same time derided for its lack of detail and the perception that it will be insufficient to collect the revenue of the taxes it would replace. The…
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