Happy New Year!! And of course, with the New Year, comes that all too familiar need to change something, a resolution to keep all throughout the year. Well, here’s one suggestion, with all the late changes in the tax laws that came near the end of 2010, your resolution could be to avoid the hustle [...]

This year’s tax season kicks off with the announcement of the April 18 deadline for filing 2010 tax returns and pay any tax due because Emancipation Day, a holiday observed in the District of Columbia, falls this year on Friday, April 15. By law, District of Columbia holidays impact tax deadlines in the same way [...]

New optional standard mileage rates were recently announced by the Internal Revenue Service taking effect on January 1, 2011. The optional standard mileage rates are used to calculate the deductible costs of operating an automobile for business, charitable, medical or moving purposes.
Starting on January 1, 2011, the standard mileage rates for the use of a [...]

With tax year 2010 fast coming to an end, the Internal Revenue Service has released final guidance for small employers eligible to claim the new small business health care tax credit for the 2010 tax year. The release includes a one-page form and instructions small employers will use to claim the credit for the tax [...]