by Melissa Merrick and Marie Jett, CPA | Team Members of the Tax Services Group Many tax breaks currently available to businesses will become unavailable after December 31, 2011. With other political policies taking higher priority, the extension of these tax provisions may not occur. The following article provides detail on tax deductions that are […]
by Melissa Merrick and Marie Jett, CPA | Team Members of the Tax Services Group and the Manufacturing & Distribution Services Group The Indiana Department of Revenue offers numerous tax deductions and credits. One such tax credit is the Hoosier Business Investment Tax Credit. Taxpayers are eligible for this credit when making qualified investments to […]
by Melissa Merrick and Marie Jett, CPA | Team Members of the Tax Services Group When it comes to taxes, reaching age 70 ½ is an important milestone. Thats because you have to start taking minimum annual distributions from most retirement plans when you reach age 70 ½. And if youve already retired from […]
Last week the Indiana Department of Revenue began issuing more than 90,000 tax bills to individuals who filed a 2010 tax return and have not paid the tax due yet. If youre among those folks receiving a tax bill, you owe more than $100, and you cannot pay that amount in full, you now can […]
by Marie Jett, CPA and Larry Brodnik, CPA | Team Members of the Tax Services Group Over the last couple of weeks, several Indiana bills have been signed into law and include many updates/changes to Indiana tax law for individuals and businesses. We describe the various changes for you below. Effective January 1, 2011 Indiana […]
On April 5, Congress voted to repeal the expanded Form 1099 reporting requirements that were added in 2010. In 2010, part of the Patient Protection and Affordable Care Act included provisions to expand the 1099 reporting requirements in 2012 to include payments for goods or other property, and to include corporations, who did not have […]
by Larry Greenwalt, CPA and Marie Jett, CPA If you have been following our newsletters, you are aware that the new estate tax law raised each individuals lifetime exemption to $5,000,000. Less understood by many is the fact that under old law, each person was limited to a lifetime exemption of only $1,000,000 before incurring […]
Marie Jett, CPA | Member of the Tax Services Group There are a few options that employers have available to them in order to account for vehicles used in business. The following methods and policies describe the options available to an employer.
by Marie Jett, CPA, Tax Manager There are a few options that employers have available to them in order to account for vehicles used in business. The following methods and policies describe the options available to an employer. Reimburse employees For vehicles owned or leased by the employee, the employer can reimburse the employee for […]
by Marie Jett, CPA | Manager, Tax Services Group On September 16 the Senate passed its version of the Small Business Jobs Act of 2010. As of September 21, the House has yet to pass the bill, but the House is expected to pass the bill later this week without modifications, then it heads to […]