News

The business standard mileage reimbursement rate for 2011 will be 51 cents-per-mile, a $0.01 increase from 50 cents-per-mile for 2010. The standard mileage rate for medical and moving expenses for 2011 will be... Continue Reading

The House passed the Senate Bill and it is anticipated that the President will sign the bill.  Basically, for 2010 (yes 2010) the estate tax exclusion is $5,000,000 with complete step up in basis, or you... Continue Reading

The International Accounting Standards Board (IASB) amended IAS 12, Income Taxes, and what it referred to as “narrow amendments” to IFRS 1, First-time Adoption of International Financial Reporting... Continue Reading

After weeks of intense negotiations between the White House and Congressional leaders, Congress passed and President Obama signed into law a two-year extension of soon-to-have-expired Bush-era tax cuts,... Continue Reading

Why care what our business is worth, if we don’t plan to sell for a few years?  Starting a business is about creating value for you, your family and your employees.  Value of jobs and a profit... Continue Reading

Beginning with transactions conducted during the 2010 calendar year, amendments to Code Sec. 6039 by the Tax Relief and Health Care Act of 2006 now require corporations to file information returns... Continue Reading

There are still a few things you can do to reduce your 2010 tax liability. Don’t forget about these deductions that can make a big difference: Make the most of charitable donations. Cash, credit card... Continue Reading

Leading anti-virus software company, McAfee recently released a list of the top ten riskiest places to give out your social security number. Sometimes it is unavoidable but you might think twice about... Continue Reading

As the holidays approach, many people are spending a lot of money trying to find the perfect gifts for friends and family. But don’t forget that this time of year also presents opportunity to save money with... Continue Reading