At this time last year, income tax planning was particularly challenging. Several tax deductions had already expired, and significant changes, including new, higher income tax rates, were scheduled to take effect at the end of the year. Legislation passed in mid-December, however, hit the "reset" button, reinstituting already-expired deductions, and extending major tax provisions--including lower rates--for an additional one to two years.
The 2014 Essential Tax and Wealth Planning Guide discusses opportunities available through the final few months of 2013, and the planning environment beyond as policymakers continue a tax reform debate that could fundamentally change how individual taxpayers compute their taxes.
The tax-related decisions you make today, and at various points in your career, may have a marked effect on how you save for retirement and how much you will have down the road to support your goals. Many tax decisions you make about retirement are one-time choices that can be very costly to change, so it pays to plan.
For more information, visit http://www.deloitte.com/us/taxandwealthguide
At this time last year, income tax planning was particularly challenging. Several tax deductions had already expired, and significant changes, including new, higher income tax rates, were scheduled to take effect at the end of the year. Legislation passed in mid-December, however, hit the "reset" button, reinstituting already-expired deductions, and extending major tax provisions--including lower rates--for an additional one to two years.
The 2014 Essential Tax and Wealth Planning Guide discusses opportunities available through the final few months of 2013, and the planning environment beyond as policymakers continue a tax reform debate that could fundamentally change how individual taxpayers compute their taxes.
The tax-related decisions you make today, and at various points in your career, may have a marked effect on how you save for retirement and how much you will have down the road to support your goals. Many tax decisions you make about retirement are one-time choices that can be very costly to change, so it pays to plan.
For more information, visit http://www.deloitte.com/us/taxandwealthguide
Highlights of the Final Tax Cuts and Jobs ActSarah Cuddy
The combined tax reform bill includes plans to lower tax rates on individuals and businesses and change many deductions. Those hoping for tax simplification, however, may be disappointed.
What is the "fiscal cliff"? It's the term being used by many to describe the unique combination of tax increases and spending cuts scheduled to go into effect on January 1, 2013. The ominous term reflects the belief by some that, taken together, higher taxes and decreased spending at the levels prescribed have the potential to derail the economy. Whether we do indeed step off the cliff at the end of the year, and what exactly that will mean for the economy, depends on several factors.
Briefing on the Hawaii State Budget (Jan, 2013)James Koshiba
Designed to help people understand the State Budget enough to become more effective participants in conversations about it - with each other, and with our lawmakers. Presented at a workshop, open to the public, at the Hawaii State Capitol, January 2013.
Reconhecida no mercado como sinônimo de qualidade, inovação e por sua responsabilidade técnica (capacidade de oferecer o produto certo para a aplicação desejada e confeccionado de maneira correta), a Tec Tor, atende aos mais variados projetos convencionais ou especiais do mercado nacional e internacional. Todos com a garantia de qualidade, eficiência e assistência técnica especializada, que abrange desde o desenvolvimento personalizado do projeto, supervisão até o acompanhamento de montagens e start up do equipamento no cliente. Oferecemos Contra recuos, freios industriais, eixos compensadores, limitadores de torque, grampos de ancoragem, backstop, rodas livres, catracas, embreagens industriais, tambores motrizes, tambores auto acionados, freios hidráulicos, freios eletromagnéticos, freios eletrohidráulicos, freios pneumáticos, freios modulares, anéis de fixação, discos de contração e serviços de recuperação e reforma de todos os equipamentos de nossas marcas ou de terceiros.
Freios Eletromagnéticos Tec Tor – Aplicados como freios de serviço na elevação de cargas, nas lanças de guinchos, como freio de segurança nos dromos de pontes rolantes, tendo também larga aplicação como freios de emergência.
Oferecemos também em nossa linha: Contra recuos, freios industriais, eixos compensadores, limitadores de torque, grampos de ancoragem, backstop, rodas livres, catracas, embreagens industriais, tambores motrizes, tambores auto acionados, freios hidráulicos, freios eletromagnéticos, freios eletrohidráulicos, freios pneumáticos, freios modulares, anéis de fixação, discos de contração e serviços de recuperação e reforma de todos os equipamentos de nossas marcas ou de terceiros.
Highlights of the Final Tax Cuts and Jobs ActSarah Cuddy
The combined tax reform bill includes plans to lower tax rates on individuals and businesses and change many deductions. Those hoping for tax simplification, however, may be disappointed.
What is the "fiscal cliff"? It's the term being used by many to describe the unique combination of tax increases and spending cuts scheduled to go into effect on January 1, 2013. The ominous term reflects the belief by some that, taken together, higher taxes and decreased spending at the levels prescribed have the potential to derail the economy. Whether we do indeed step off the cliff at the end of the year, and what exactly that will mean for the economy, depends on several factors.
Briefing on the Hawaii State Budget (Jan, 2013)James Koshiba
Designed to help people understand the State Budget enough to become more effective participants in conversations about it - with each other, and with our lawmakers. Presented at a workshop, open to the public, at the Hawaii State Capitol, January 2013.
Reconhecida no mercado como sinônimo de qualidade, inovação e por sua responsabilidade técnica (capacidade de oferecer o produto certo para a aplicação desejada e confeccionado de maneira correta), a Tec Tor, atende aos mais variados projetos convencionais ou especiais do mercado nacional e internacional. Todos com a garantia de qualidade, eficiência e assistência técnica especializada, que abrange desde o desenvolvimento personalizado do projeto, supervisão até o acompanhamento de montagens e start up do equipamento no cliente. Oferecemos Contra recuos, freios industriais, eixos compensadores, limitadores de torque, grampos de ancoragem, backstop, rodas livres, catracas, embreagens industriais, tambores motrizes, tambores auto acionados, freios hidráulicos, freios eletromagnéticos, freios eletrohidráulicos, freios pneumáticos, freios modulares, anéis de fixação, discos de contração e serviços de recuperação e reforma de todos os equipamentos de nossas marcas ou de terceiros.
Freios Eletromagnéticos Tec Tor – Aplicados como freios de serviço na elevação de cargas, nas lanças de guinchos, como freio de segurança nos dromos de pontes rolantes, tendo também larga aplicação como freios de emergência.
Oferecemos também em nossa linha: Contra recuos, freios industriais, eixos compensadores, limitadores de torque, grampos de ancoragem, backstop, rodas livres, catracas, embreagens industriais, tambores motrizes, tambores auto acionados, freios hidráulicos, freios eletromagnéticos, freios eletrohidráulicos, freios pneumáticos, freios modulares, anéis de fixação, discos de contração e serviços de recuperação e reforma de todos os equipamentos de nossas marcas ou de terceiros.
This presentation is the accumulation of several internet resources on why unit testing is a good thing. It debunks common excuses to not write unit tests, and shows how writing unit tests can actually speed up software development.
GFI LanGuard SDK - Technical DataSheetAndre Muscat
The GFI LanGuard SDK enables software developers and OEMs to quickly and easily integrate patch management, vulnerability assessment, asset tracking, network and software auditing and more into new or existing products.
Use this datasheet to learn more about the technical details about the LanGuard SDK
Detailed information on the 2010 tax relief act including the benefits for individuals and businesses - provided by Carmel CPA Firm - Hayashi & Wayland.
This is a short description of how all the tax changes in 2010 impact your 2011 tax year. This was drafted presented on January 27, 2010, so additional changes might have occurred to impact the posted information. Check with your attorney or CPA to confirm this information.
What is the "fiscal cliff"? It's the term being used by many to describe the unique combination of tax
increases and spending cuts scheduled to go into effect on January 1, 2013.
Update on what is new for 2012 (tax year 2011), key steps to take to avoid common tax pitfalls and developing a plan for a successful tax filing season.
Similar to Payroll Tax Relief Extended (Temporarily) (20)
1. December 2011
taxalerts.plantemoran.com
Congress Extends Payroll Tax Relief for Two Months
After much debate and political maneuvering, Congress has passed a two-month extension of payroll tax relief. The
Temporary Payroll Tax Cut Continuation Act of 2011 will extend through February 29, 2012 the 2010 Tax Relief Act
provision that reduced the employee portion of the Social Security tax on earned income from 6.2 percent to 4.2 percent.
The Senate had passed a previous version of the act on December 17, 2011, but that version could not garner enough
votes in the House. In negotiations with Speaker of the House John Boehner, Senate Majority Leader Harry Reid agreed
to appoint conferees to work with House conferees on a full-year extension. In addition, the House added language to
the Senate’s version of the Continuation Act to allow employers to avoid certain compliance challenges that otherwise
could result from the temporary extension.
For 2012, the maximum taxable wage base for Social Security taxes is $110,100 (up from $106,800 in 2011). So,
assuming a full-year extension is ultimately passed as planned, the maximum tax savings from this break will be $2,202.
Due to the language the House added to the act, however, high-income earners may — temporarily — be able to enjoy
this entire savings even if the full-year extension is not ultimately passed.
The language allows employers to withhold employee payroll taxes at the 4.2 percent rate on all wages paid during the
two-month period subject only to the full 2012 wage base of $110,100 and without regard to the $18,350 cap on wages
earned through the end of February that was included in the Senate version of the act. But if the full-year extension is not
passed, an amount equal to 2 percent of those excess wages will be recaptured on the employee’s individual tax return
for 2012.
The language change was requested by the National Payroll Reporting Consortium because it contended that the two-
month cap would have made it almost impossible for some employers to change their payroll systems in time to comply
with the law.
The Continuation Act includes other provisions as well, such as extending for two months the following:
Enhanced unemployment benefits — but only for states with high unemployment
Current Medicare payment rates for physician services — the rates were scheduled to be reduced 27.4 percent
starting January 1, 2012
Other Medicare-related provisions that are normally extended when physician payment rates are extended
The act also increases certain Fannie Mae and Freddie Mac fees and addresses the controversial Keystone XL
pipeline.
2. The main point of debate regarding a full-year extension of payroll tax relief, as well as the other extensions, is how to
pay for them. Congress has yet to address many other tax breaks that will expire at year end, such as alternative
minimum tax relief, the research credit, and the deduction for state and local sales tax in lieu of state and local income
taxes.
In addition, a variety of rates and other breaks are set to expire at the end of 2012. So the coming year will likely be a
very interesting one tax-wise.
If you have any questions regarding this alert, please contact your Plante Moran client services representative or
one of the contacts listed below.
Mike Monaghan Mark Jolley George Riddering
National Tax Office National Tax Office Firmwide Director of Tax
586.416.4943 734.302.6923 616.643.4065
mike.monaghan@plantemoran.com mark.jolley@plantemoran.com george.riddering@plantemoran.com
The information provided in this alert is only a general summary and is being distributed with the understanding that Plante Moran, PLLC is not rendering
legal, tax, accounting, or other professional advice, position, or opinions on specific facts or matters and, accordingly, assumes no liability whatsoever in
connection with its use.
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