Monthly Archives: September 2010

EAE Tax Bites

The tax bill for small businesses looks like it will be passed very soon. Some of the items which will affect you are as follows: 1. You may expense up to $500,000 of assets placed in service in 2010 and … Continue reading

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Estate & Gift Planning 2010 Style

How do you plan estate tax futures with the uncertainty reflected in our Washington politics? As of now, even though we at Estes Armstrong Earley think some form of the old estate tax rules of 2009 will go forward, we … Continue reading

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Social Security Credit on Quarterly Payroll Report

If you haven’t been taking advantage of the the credit on Form 941 for the employer’s share of Social Security taxes for qualified employees you should immediately. This change was passed earlier in the year in the HIRE Act of … Continue reading

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Small Tax Exempt Organization Filing Requirements

We mentioned a link on our twitter page previously that discussed how small non-church tax exempt organizations are running into a problem this year in keeping their tax exempt status.  Back in 2006, the Pension Protection Act contained a small … Continue reading

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Idea of the Week #3

Take a look at your dividend paying stocks before the end of 2010.  Dividend tax rates might be on the rise next year if the Bush tax cuts expire.

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FICA Refund for Medical Residents

The day before last one of our clients brought to us a very interesting issue that deals with medical providers. The issue deals with FICA taxes (Social Security & Medicare) withheld from medical residents paychecks while they were in residency.  … Continue reading

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