By CJ'S AUTO SALES January 11, 2012
5 STARS ...read more
By Accounting for Profits January 09, 2012
Thanks for the connection on Merchant Circle. Here's wishing you continued success in your business venture. Giving 5 stars and other "compliments" to your great MC site for your kindness. If you should need an accountant, part time CFO, part time controller, or just have accounting and bookkeeping questions, please give us a call. Thanks, Jesse www.AccountingForProfits.Net ...read more
By American Health Value July 25, 2011
Thank you for connecting with us on Merchant Circle! We are excited to be a part of your network. Check out our MC page, our website: www.AmericanHealthValue.com, and be sure to print our FREE 6-In-1 Prescription Discount Card to hand out to employees, friends, and family! You can save them up to 65% at thousands of pharmacies across the nation! ...read more
The ability to write off the cost of assets versus having to depreciate them over time just got better: New Immediate Write Off Limits Are as Follows: ·2010 and 2011– you are allowed to write off $500,000 if you do not purchase new assets in total of more than $2 million ·2012 – the amount is decreasing this year to $125,000 available write-off with a new asset limit of $500,000 ·2013 – the amount is decreasing this year to only $25,000 available write-off with a new asset limit of $200,000 ·You cannot take Idaho investment tax credit on these assets ·The property can be new property or used property as long as it is new to you ...read more
By Keller CPAs April 05, 2011
All Business Owners: One of the most important things that you should be doing on a monthly basis is review your bank statement (cleared checks, transfers) as well as your credit card statement. This is an incredible safety check that makes sure that cash is not "wandering" out the door to fictitious vendors, or to the bookkeeper you thought you could trust, or to vendors that are simply being overpaid. Please ensure to incorporate this practice on a monthly basis – it is a must and if nothing else will help you see what is going on in your business. ...read more
By Keller CPAs March 15, 2011
2011 Tax Law Changes Higher Tax Rates Beginning in 2011, tax rates that were in effect prior to 2001 return. The top income tax rate goes back to 39.6 percent, and the special low 10 percent bracket is eliminated. Whether this will actually happen will be at the heart of a spirited battle in Congress during 2010. Estate Tax Revived For individuals dying after 2010, the federal estate tax returns with a $1million exemption and a 50 percent maximum rate. Congress is likely to take some action on these rules during 2010 but has not yet done so. Increase in Capital Gains and Dividend Tax Rates The tax rate reductions for long-term capital gains and dividends is scheduled to expire this year. In 2011, the maximum long-term capital gains tax rate goes back up to 20 percent from 15 percent. A lower 10 percent tax rate is used by individuals who are in the 15 percent tax bracket. Their long-term capital gains had been tax-free since 2008. In 2011, dividend income (other than capital gain distributions from mutual funds) is taxed as ordinary income at your highest marginal tax rate. Child Tax Credit The credit of $1,000 per eligible child reverts to $500 after 2010. After 2010, none of the child tax credit will be refundable to taxpayers unless their earned income is more than $12,550. This is one of the many Bush tax cuts currently scheduled to expire after 2010. Payroll Tax Credit Starting in 2011, the partial credit for payroll taxes paid is no longer available. Section 179 Expense Deduction The maximum amount of equipment placed in service that businesses can expense drops to $25,000, down from $250,000 in 2010 unless Congress acts to change it. Tax Credit for College Tuition The Hope Credit is again limited to the first two years of college and is capped at $1,800. None of the credit is refundable if it is more than your regular income tax liability. Earned Income Tax Credit (EITC) Temporary increases in the Earned Income Tax Credit for filers with three or more children and the higher income levels for the phaseout of the credit are repealed. Mortgage Insurance Premiums The special itemized deduction for mortgage insurance premiums paid on mortgages taken out after 2006 expires on Dec. 31, 2010. Credit for Energy-Saving Home Improvements The 30 percent tax credit of the cost of energy-saving home improvements reverts to 10 percent after 2010, and is capped at $500. ...read more
By AccountServ Inc., Certified Public Accountants November 11, 2010
Payroll accountants are responsible for tracking the expenditure of money and assets through a company. Their job is to help companies track their income and maintain a timely payment record for expenses and bills. If you are interested in becoming a payroll accountant, you will have to be... ...read more
Computer files can sometimes be deleted by accident, get lost or damaged. This could be a potential nightmare, especially if these are small business accounting files. You have peace of mind by knowing how to use the "Backup and Restore" function in Microsoft Small Business Accounting. With a few keys... ...read more