The Affordable Care ActAfter hearing about how complicated this law is and that many were upset about its implementation, I decided to make it part of my CPE (Continuing Professional Education) requirement for 2014.Recently, I viewed the webinar on Obama-care and I...
As part of the Tax Relief Act of 2010, Social Security tax rates will be lowered by two percent. The employee-portion of Social Security taxes will be reduced from 6.2% to a temporary rate of 4.2% for 2011 only.This 2% tax break also applies to self-employed...
The Small Business Jobs Act, signed September 27, gives businesses access to increased tax deductions, enhanced credit opportunities and more. But many of the provisions expire December 31, 2010. The American Institute of CPAs (AICPA) has released...
IRS will require preparers of individual tax returns to register with the government and pass a test to prove their competence. Currently, only three states – California, Oregon and Maryland – regulate all paid tax preparers. What do you think about...
