In 2012, two acts were passed that introduced the largest set of tax law changes in more than 20 years.
The Patient Protection and Affordable Care Act (PPACA), also referred to as “Obamacare” (signed into law on March 23, 2010) The American Taxpayer Relief Act of 2012 (ATRA), also known as…
“Enterprise App Stores: What Financial Professionals Need to Watch For” by Brian Thomas for AICPA Corporate Finance Insider (March 7, 2013)
As more organizations deliver mobile applications to workers through private application stores, finance is expected to play a key role in…
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. The deduction is also limited to 50% of W-2 wages paid by the taxpayer that are allocable to domestic…
“How Executives Will Be Affected by the New Medicare Taxes” by Mark Watson for Smart Business (March 1, 2013)
The Patient Protection and Affordable Care Act imposes two new Medicare taxes — one on wages and self-employment income and one on net investment income. As a result,…
“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)
Employees in San Antonio and elsewhere increasingly want and need to use their own smart phones, tablets or…
Attaining and sustaining growth in the U.S. oil and gas industry requires considerable capital. While attracting investor support within the United States is often a company’s first choice, pursuing capital within the Canadian public markets also merits consideration, according to a recent …
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.
Because many breaks were retroactively extended back to January 1, 2012, numerous IRS forms have to be…
With the ever-increasing cost of health insurance and medical care, Americans are looking for chances to claim as many health care-related tax breaks as possible. However, an increased itemized medical deduction threshold taking effect this year will make that more difficult, according to a…
“How Executives Will Be Significantly Affected By the Fiscal Cliff Tax Deal” by Elizabeth Bunk for Smart Business (February 1, 2013)
Although Congress passed the last-minute fiscal cliff tax deal in a seemingly haphazard way, many changes in the American Taxpayer Relief Act of…
Probate, the court-supervised procedure for distributing assets in an estate, often receives a bad rep because of its time-consuming and sometimes public process. However, probate is very important in the distribution of wealth.
If a deceased individual does not leave a will or if a will…
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