Category Archives: News

Payroll Tax Cut Extension

Posted on February 3, 2012 by Melissa Clary

Last December, the 4.2% social security tax rate that workers pay on wages was extended through February 29, 2012. Now a Congressional conference is being held to find a way to extend the lower tax rate through the end of … Continue reading →

Posted in News | Leave a comment

Looking for Financial Freedom – Stay Away From Personal Debt

Posted on August 15, 2011 by Melissa Clary

Staying out of debt is simple, but it’s not easy. It means foregoing impulsive purchases in exchange for long-term financial freedom. Staying out of debt requires that you deny cravings, at least temporarily, for the “must-have” stuff that beckons from … Continue reading →

Posted in News | Leave a comment

Should You Lease or Buy Business Equipment

Posted on June 20, 2011 by Melissa Clary

As a business owner you are often faced with the decision whether to buy or lease new business equipment. Many business owners first thought is to buy the equipment, but possibly leasing is preferable. * Conserving cash can be important. Purchases normally require a 10% … Continue reading →

Posted in Business, News | Leave a comment

1099 Rules Repealed

Posted on May 23, 2011 by Melissa Clary

New law repeals the expanded Form 1099 reporting rulesOn 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 landlords … Continue reading →

Posted in Business, News | Leave a comment

Obama Tax Cuts Passed

Posted on December 20, 2010 by Melissa Clary

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 … Continue reading →

Posted in News, Tax | Leave a comment

Tax Planning

Posted on December 6, 2010 by Melissa Clary

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 … Continue reading →

Posted in News, Tax | Leave a comment

Choosing a Tax Preparer

Posted on November 4, 2010 by Melissa Clary

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 … Continue reading →

Posted in News, Tax | Leave a comment