February 2012, Tax Act Extends Employment Tax Holiday Through 2012

On February 17, 2012, Congress passed The Middle Class Tax Relief and Job Creation Act of 2012, sending the Act to President Obama to be signed into law. Once signed, the Act will extend the employee-side payroll tax cut (from 6.2% to 4.2%) through the end of 2012. The Act will not change the tax

Read the Rest

December 2011, Endow Kentucky Tax Credit

The State of Kentucky has allocated $500,000 in tax credits for each of the fiscal years ending June 30, 2012 and June 30, 2013 for a total of $1,000,000. These credits are for donations made to a qualified Kentucky Community Foundation and directed to a permanently endowed Kentucky fund. These credits will be taken against

Read the Rest

December 2011, Your $18.04 check is real!

Settlement checks for $18.04 have started to arrive!  These are legitimate checks and this is not a scam.  These checks are a result of the Currency Conversion Fee Antitrust Litigation settlement.  If you traveled overseas between February 1, 1996 and November 8, 2006 and were a legal cardholder of a Visa, MasterCard or Diners Club

Read the Rest

December 2011, Three Percent Withholding and Job Creation Act

President Obama Signs Act Eliminating Three Percent Withholding Requirement and Enhancing Incentives for Hiring Veterans On November 21, 2011, President Obama signed the Three Percent Withholding and Job Creation Act (Act) into law. The law repeals a requirement that 3 percent of payments be withheld by federal or state governments to any person for services

Read the Rest

November 2011, InvestOhio Credit Brings Opportunity

New program provides significant tax credits for qualified business investments The state of Ohio announced this week that registration for the InvestOhio tax credit program will begin Monday, November 14 at 8 a.m. Only $100 million in credits will be awarded for the period of July 1, 2011 – June 30, 2013 and they will

Read the Rest