As more organizations deliver mobile applications to workers through private application stores, finance is expected to play a key role in controlling security and confidentiality of data.
The manufacturers’ deduction, also called the “Section 199” or “domestic production activities deduction,” is 9% of the lesser of qualified production activities income or taxable income.
“Recognize and Respond to Mobile Device and BYOD Security Exposures” by Kevin Barber, Brian Thomas & Brittany George for NSA Chamber Technology Council (March 1, 2013)
In light of the federal “Go Direct” program, beginning tomorrow, March 1, 2013, all federal benefit plan beneficiaries will be required to receive their benefit payments electronically.
Previously, employers could set whatever limit they wanted on employee contributions to Flexible Spending Accounts (FSAs) for health care. But starting this year, the maximum limit is $2,500.
For the last several years, taxpayers have been allowed to take an itemized deduction for state and local sales taxes in lieu of state and local income taxes. This break can be valuable to those residing in states with no or low income taxes or who purchase major items, such as a car or boat.
While the many revived breaks under the American Taxpayer Relief Act of 2012 (ATRA) are good news for taxpayers, they would have been better news had they been signed into law earlier.