October 12, 2011

New IRS Program for Misclassified Workers

Many taxpayers may currently be misclassifying workers performing services for their business as independent contractors. For this reason, a new program has been launched by the […]
October 12, 2011

What Should I do if I Receive an IRS Notice?

For some taxpayers the receipt of an IRS notice can only mean the worst. However, there are millions of notices that are mailed by the IRS […]
October 9, 2011

Tax Relief Act of 2010

After much dissention and debate, Congress finally agreed to approve a temporary Bush Tax cut extension (through 2012 unless otherwise stated) for ‘everyone’ and extend unemployment […]
October 9, 2011

Repeal of the 2010 1099 Reporting Requirements

The long-awaited repeal of the expanded 1099 requirements was signed by President Obama on April 14, 2011! In 2010, Congress passed the Patient Protection & Affordable […]
October 5, 2011

American Recovery and Reinvestment Act of 2009 Highlights

In 2008 Congress created a temporary credit to recover the costs of capital expenditures by allowing a write off of 50% of the cost of qualifying […]
October 4, 2011

Economic Stimulus Act of 2008

February 13, 2008 Special Depreciation Allowance for Certain Property. A 50-percent additional first year depreciation deduction may be allowed for certain new property acquired by the […]
October 3, 2011

Small Business Job Act of 2010

On September 27, 2010 President Obama signed into law the Small Business Job Act of 2010. Over 90% of the new jobs created each year in […]
October 2, 2011

UIA Tax Credit

Michigan Employers May Realize a UIA Tax Credit The State of Michigan Unemployment Insurance Agency (UIA-formerly MESC) will issue a state tax credit to employers who […]
October 1, 2011

City of Grand Rapids Income Tax Increase

By a 204-vote margin, on May 4, 2010, the City of Grand Rapids voters approved a 15.4% income tax increase. The Grand Rapids income tax will […]