IRS released the new mileage rates for business use of your car, effective July 1, 2011. From July 1 – December 31, 2011, your new mileage rate is 55.5 cents per mile. From January 1 – June 30, 2011, it was 51 cents per mile. The rate for moving and medical mileage increase to 23.5 [...]
I recently met a 24-year-old who started a new business. Jeff was a pleasant surprise. He had a business plan. Jeff knew exactly what kind of customer base he wanted to have – and how to reach those customers. Of course, he was open to some additional ideas…but he was on exactly the right track. [...]
Don’t you love vacation time? Well, you’re not the only one getting a vacation. Some states are giving their taxes a vacation, too. Sounds preposterous? Not at all! Everyone’s always complaining about sales taxes. So some states offer a brief vacation from sales taxes on certain purchases each summer. Does your state offer one? 17 [...]
Wedding-related Tax Benefits Eva Rosenberg, EA When you’re one of the responsible financial parties involved in making wedding plans, you’re looking at a hefty price tag—possibly in the $20,000 – $60,000 range. Why? I haven’t a clue! I managed to have a kosher wedding with 150 guests for only $1,500. OK, so it was back [...]
There are so many wonderful benefits to having a job—paid vacation time, sick pay, bonuses, perhaps even pensions and medical plans. Plus, most jobs let you have regular hours and weekends off. But some of us are compelled to be our own bosses. We are lured by the feeling of freedom, the right to control [...]
Plan Ahead for Next Year’s Taxes with Green Tax Credits – Part 2 By James Freeman, Cambridge Capital Partners Did you read yesterday’s blog with information on how to plan for next year’s taxes with Green Tax Credits? We have more advice for your green tax plans today. It may be too late for your [...]
Plan Ahead for Next Year’s Taxes with Green Tax Credits – Part 1 By James Freeman, Cambridge Capital Partners Proactive Tax Planning Through Green Tax Credits Paying taxes. Just the thought of writing that check to the IRS tends to make the average American see red. However, I am shocked every year at the unfathomable [...]
How Divorce Affects Your Tax Return Eva Rosenberg, EA In 2010, 6.8 percent of the population got married. And 3.4 percent got divorced. Yikes! That means that half of married couples are apt to face the tax issues of getting divorced. What do you need to know during the process of divorce? “Family Support” is [...]
Write Off Your Expenses: Dining Out on the IRS Eva Rosenberg, EA Back when I had no interest whatsoever in tax matters, it used to amuse me to see a television episode or movie scene about dining out courtesy of the Tax Man. The script may have gone something like this: Hey Joe, this is [...]
Student Loans: Repayment vs. Deferral Eva Rosenberg, EA College is much more expensive today than it was in my university days. I attended UCLA for $608 per year and a California State University for $450 per year, including campus fees. My BA in accounting and MBA in international business were funded without a dime in [...]
