|
Beginning January 1, 2009, the mileage rate for business miles driven is 55 cents per mile.
|
Client Alerts
Click on the links below to view PDF versions of recent Client Alerts. You must have Adobe Reader installed to view these files.
First-time homebuyers who met the April 30 deadline for entering into a contract for the purchase of a home now have until September 30, 2010, to close on the contract in order to qualify for a tax credit. (More...)
The Internal Revenue Service's Employee Plans Compliance Unit (EPCU) is sending a letter and instructions to a random sampling of 1,200 employers that sponsor 401(k) plans and asking them to complete a comprehensive 401(k) Compliance Check Questionnaire. The letter indicates failure to respond or provide complete information will result in further action or examination of the plan. (More...)
Workers who lose their jobs in the months of April and May 2010 might be eligible for the COBRA subsidy, under a new law recently signed by President Obama. (More...)
The HIRE Act of 2010 includes tax incentives for employers, including a payroll tax "holiday," and an extension of the $250,000 threshold for small business expensing. (More...)
The U.S. Senate approved a $15 billion jobs package that includes tax relief for employers and small business expensing changes. Approval by the House or reconciliation with a House jobs bill will be necessary for the legislation to move forward. (More...)
Even though it's 2010, taxpayers can reduce their 2009 tax bill by taking timely action on retirement plan and IRA contributions. (More...)
The U.S. Senate was expected to debate a jobs bill that could have an impact on you and your business. See our brief list of key provisions. (More...)
A new law recently signed by President Obama allows donors who make charitable contributions to aid Haiti earthquake victims before March 1 to elect to accelerate the income tax deduction to their 2009 return. (More...)
President Obama recently signed a law that includes provisions related to COBRA insurance. The law takes effect immediately and includes some new notification requirements that employers should note. (More...)
The year isn't over yet! You still have time to take advantage of tax-planning strategies that could help reduce your 2009 liability. In this letter, we have summarized strategies that are available for the 2009 tax year for homeowners, businesses employees and families.
(More...)
Taxpayers who took advantage of the "Cash for Clunkers" program should be aware that the $3,500 and $4,500 vouchers will not be regarded as income for state or federal tax purposes.
(More...)
The stimulus act signed by President Obama on February 17 contains tax changes for businesses, individuals and families. (More...)
On October 3, President Bush signed into law the Emergency Economic Stabilization Act of 2008, an $850 billion financial markets rescue package. The rescue plan is designed to restore liquidity to the financial markets and includes some valuable tax incentives for individuals and businesses. (More...)
The Internal Revenue Service released the revised instructions to the redesigned Form 990, Return of Organizations Exempt from Income Tax, on August 19, 2008. (More...)
The 2008 Housing Act includes more than $15 billion in tax incentives and other changes to the tax code. (More...)
The U.S. Department of Labor announced that the federal minimum wage for covered, nonexempt employees is $6.55 per hour, effective July 24, 2008. This change will not affect most Missouri employers. (More...)
The optional standard mileage rate for business miles driven on or after July 1, 2008, will increase to 58.5 cents per mile. (More...)
Taxpayers who live or own businesses in 35 Missouri counties are eligible for an automatic extension to May 19 for filing tax returns and paying balances due. (More...)
The economic stimulus package providing cash rebates to individuals and tax incentives for businesses was recently signed into law. (More...)
|
