Volume 3 Issue 1 | January 2013, The Competitive Edge
The Internal Revenue Service announced adjustments to the cost of living for the 2013 tax year that will affect dollar limitations for pension plans and other retirement-related taxes. Pension plan…
Volume 3 Issue 1 | January 2013, The Competitive Edge
Congress passed the American Taxpayer Relief Act of 2012 (2012 Taxpayer Relief Act), which the President quickly signed into law on Jan. 2, 2013. We have compiled an overview of…
Volume 3 Issue 1 | January 2013, The Competitive Edge
Although Congress averted many of the consequences of a possible tumble over the fiscal cliff with last-minute action, you should be aware of the potential impact on your business of…
The Competitive Edge, Volume 2 Issue 6 | November 2012
Many key federal tax rules affecting individuals will “sunset” at the end of 2012 unless Congress acts otherwise to extend or permanently enact those provisions. As year-end is approaching quickly,…
The Competitive Edge, Volume 2 Issue 6 | November 2012
There are several possible reasons why you might incorporate a business. One of the main advantages unrelated to taxes is the protection of the “corporate veil” (also known as the…
The Competitive Edge, Volume 2 Issue 6 | November 2012
Due to recent tax law changes, you may want to give generous gifts to family members this holiday season. The gifts can reduce the size of your taxable estate. Here…
The Competitive Edge, Volume 2 Issue 6 | November 2012
Beginning in 2013, a new 3.8% Medicare surtax will apply to investment income received by certain high-income taxpayers. The tax law provision authorizing this surtax was included in the Patient…
The Competitive Edge, Volume 2 Issue 5 | September 2012
The IRS not only limits the amount you can contribute to qualified retirement plans and IRAs while you are working, it tells how much you must withdraw when you’re retired….
The Competitive Edge, Volume 2 Issue 5 | September 2012
We are seeing a sharp uptick in the number of IRS audits for individuals (especially for 2010 tax returns). Listed below are a few of the most common issues being…
The Competitive Edge, Volume 2 Issue 5 | September 2012
Congress is headed towards an epic battle over sunsetting tax rules, already expired tax breaks and soon-to-expire tax breaks, and it looks as if the dust won't settle until late…
