| Hi, Website Visitor. Here are your Articles for July 1, 2009. |
| Mize Houser & Company's News |
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| Mid-Year Tax Planning: Cars and Homes |
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 by Ken Hite, CPA
Although this year is only half over, we've already had one new tax law (a really big one), and more might be on the way (maybe not so big). Despite confusion created by never-ending legislative changes, the current federal income tax environment is still quite favorable. Now is the time to take advantage of the tax breaks that Congress has provided before they disappear. This article presents just a few key tax planning ideas to consider this summer while you have time to think. We'll provide more ideas in the coming weeks. Click Full Article to see the details.
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| Drive Away in a New Car with Help from Uncle Sam |
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 Are you driving a clunker? You may love your vehicle, but if it gets less than 19 miles to the gallon, the federal government would like to see it taken off the road. But don't be alarmed, you could wind up with a new vehicle and save as much as $4,500 in government rebates in addition to dealer and manufacturer incentives. You'll need to act fast, but if your vehicle qualifies, this could be a great opportunity for a low-cost upgrade.
Copyright © 2010 |
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| Pay the IRS Before Other Creditors |
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One of the harshest provisions in the tax law causes a person found responsible for unpaid employment taxes to be held personally liable for 100 percent of the amount due. Liability can only be avoided if the person can show that the failure to deposit the taxes was due to "reasonable cause" and not "willful neglect." Here are two court cases that show you how tough this penalty can be.
Copyright © 2010 |
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| Gain Employee Loyalty with Commuting Tax Breaks |
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 The tax law allows your company to help employees get to work by providing tax-free transportation. Click "Full Article" to read about a fringe benefit that can result in appreciation from your staff members and a reduction in payroll taxes. Note: Bicycle commuters now get a tax break too.
Copyright © 2010 |
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| Bring Home a Tax Credit for Adoption |
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 Uncle Sam can be generous when it comes to adopting children. Here are the details of the tax breaks that are currently available to adoptive parents, as well as the limits imposed on them.
Copyright © 2010 |
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