A study by scientists at Columbia University found that mandatory alcohol testing programs for commercial truck drivers may have contributed to a significant reduction in alcohol involvement in fatal motor carrier crashes. The study, “Effectiveness… Read More »Study: Mandatory Alcohol Testing Cuts Risk of Alcohol Involvement in Fatal Crashes
The significant new health care legislation imposes a unique “payroll tax” on investment income. At least the new tax doesn’t kick in until 2013 providing an opportunity for advance planning. To recap, an individual must… Read More »Medicare Tax: Start Planning Ahead
An important new Tax Court case could provide valuable tax savings for owners of limited liability corporations (LLCs) and partners in limited liability partnerships (LLPs). The decision permits a couple to use a loss from… Read More »New tax breakthrough for LLCs
In the “flash crash” on May 6, 2010, the Dow Jones Industrial Average dropped nearly 1,000 points only to recover more than 600 points by the market close. On the heels of the financial crisis… Read More »Advice to Clients in Uncertain Markets
The so-called “manufacturing deduction” isn’t just limited to companies that manufacture products in the traditional sense of the word. It’s available to a wider range of business operations than you might think. What’s more, the… Read More »Produce big manufacturing deductions
On Sept. 6, President Obama announced that his Administration will seek new funding for highway, rail and airport projects in an effort to spur job growth and address the long-term needs of the transportation system.… Read More »Transportation, Tax Initiatives
Managing receivables is difficult in the best of times, and these challenges have been made even more difficult by the current economic environment. But there are several steps your CPA firm can take. Get a… Read More »Dealing With Clients in Financial Distress
The Tax and Accounting office of Certified Public Accountant can assist you in choosing the right legal form for your business. Choosing the proper business entity is a complex matter, which should be handled by… Read More »Built-in Gains Tax
The new health insurance legislation imposes significant new tax reporting requirements. In essence, you will have to report most annual payments for goods and services exceeding $600 — including payments to corporations — on Form… Read More »Plan Ahead: New 1099 rules
A common approach used by many business owners is to hire their spouse as an official employee. Hiring your spouse as an official employee can have some disadvantages; however, there are least six tax benefits… Read More »Tax incentives for employing a spouse
It is important to acknowledge that many individuals are in debt, therefore you among many struggle to get rid of it. However, debt is not essentially a negative thing. Wanting to be free of debt… Read More »A Smart Way to Payoff Debt
The Department of Transportation has published a final rule extending the date for mandatory use of its updated Alcohol Testing Form from Aug. 1, 2010, to Jan. 1, 2011. On February 25, 2010, the Department… Read More »Procedures for Transportation Workplace Drug and Alcohol Testing Programs