Your Well Being And Taxes Few things abuse your abundance like the aggravation and all-overs of assiduous tax problems. A lot of humans accomplish 3 mistakes that get them in agitation with the IRS. They procrastinate. They attack to represent themselves. They appoint sub-par representation and now are in MORE charge of advice than anytime before.These are the affectionate of casework a Tax Advocate can provide: Activity in...more
Tax preparation is the most important concern for a company irrespective of its size, domain, or workforce. With tax laws changing regularly and becoming more and more complex for a common citizen to understand, there is a constant need to entrust the task of managing the taxes of a company to a reputed and experienced professional. It is seemingly a better idea to hire a CPA who is not only experienced in his area of expertise, but also smart...more
Affirming a decision in the lower court, the Sixth Circuit Court of Appeals ruled recently in a controversial case that severance payments made to employees are exempt from federal payroll taxes. (U.S. v. Quality Stores, Inc., CA-6, No. 10-1563, 9/7/12)As a result, the government must refund over $1 million in payroll taxes that were improperly collected from the employer and employees.In the wake of this case, an employer may want to file a protective refund claim for open tax years if it previously paid the full amount of payroll taxes on severance payments."Although Quality Stores collected and paid the FICA tax, it did not agree with the Internal Revenue Service (IRS) that the severance payments constituted wages for FICA purposes. Quality Stores took the position that the payments made to its employees pursuant to the plans were not wages but instead constituted SUB payments that were not taxable under FICA. The payments Quality Stores made to its employees ... qualify as SUB payments under I.R.C. Section 3402(o). Because Congress has provided that SUB payments are not 'wages' and are treated only as if they were 'wages' for purposes of federal income tax withholding, such...more
The tax authorities of Denmark have proposed reforms to indirect taxes which are likely to take effect in 2013. The draft law which is subject to the Parliaments approval will also avoid erosion of tax base by providing for indexation of tonnage tax based on inflation and wages.Proposed Indirect Tax Revisions: Increase in TaxesVehicle road tax and...more
Prediction: 1st NFC North - Favre is the difference maker. As long as he's healthy, the Vikings will have an excellent opportunity to make a Super Bowl run. Green Bay will certainly push the Vikes in the NFC North, but the Packers had no answer for Favre and Allen last year. I believe that will still be the case as Minnesota uses last year's NFC...more
Income Tax Neon Signs Shine Brightly It's now the season for filing income tax returns and many individuals and establishments are starting to compute their taxes. However, some of these tax payers don't have much idea how to do the tax solving. Thus, they would probably seek for the service of the accounting firm. This firm is run by certified public accountants who have all the knowledge regarding this issue.Accounting firms are not as popular type of business for some people because not all people have the issues about income tax. Thus, this business will probably be in demand if it is tax season. However, it is still important that you advertise the firm everyday since advertisement is the way to make people become aware of the firm you have.One of the many people passing the establishment everyday can be your potential client in the next season of filing income taxes. This will help the potential clients to have the idea about your firm and where it is located.And, advertising the business using the Income Tax Neon Signs is one of the best ways to attract prospect clients. This luminous sign will simply glow outside the establishment and that it will silently...more
Would you like to prepare Federal taxes for free? One of the best options for filing free Federal tax return is to use Free File program provided by the IRS. It is the quick, easy, and free mode to prepare and e-file your federal taxes online....more
As one of the most the most heavily taxed industries out there, truck drivers and trucking companies are always looking for a place to cut expenses, and one place to look is the Heavy Vehicle Use Tax. Depending on the group you belong to or what...more
Tax return preparers will have to pay attention to an amendment added in the Senate version of the Worker, Homeownership, and Business Assistance Act of 2009, which extended the First Time Homeowner Credit and unemployment benefits, because beginning...more
2010 State Income Tax Rates - Lower Your Tax Burden By: John Hammel About the Author Fullerton Business Service is an accounting firm based in Orange County, Southern California. (ArticlesBase SC #3615771) ...more
2010 Detroit Lions: NFL Predictions, Odds and Betting Picks By: Doc Moseman About the Author Doc's Sports predictions is your home for football picks, college and pro football and NBA odds as well as daily updated sports...more
No one will argue that our tax code is simple. Nick Smith of the US House of Representatives 93-05 stated it well when he said, ""The federal tax code has about four times as many words as the bible. Accompanying the law are a staggering...more