News & Blog
Welcome to the HLB News and Blog page! Below you will find posts by the HLB staff intended to keep our colleagues and clients up to speed on recent developments. We would love to hear any feedback and comments that you may have, so feel free to do so by accessing the comment section below.
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Date 12.13.2011
See below for a list of Business and Individual tax changes that expire as of December 31, 2011:
Business Tax Changes
- The research and development and work opportunity tax credits expire
- The enhanced charitable deductions for contributions of food, books, and computer technology expire
- The special S corporation built-in gains…
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Date 10.21.2011
The social security wage base will increase from $106,800 in 2011 to $110,100 in 2012. There is no limit to the wages subject to the Medicare tax, so all wages are subject to the 1.45% tax. The FICA tax rate, which is the combined social security tax rate of…
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Date 07.18.2011
Beginning July 1, 2011, the 0.2% federal unemployment tax (FUTA) surtax is no longer in effect. Thus, the FUTA tax rate, before consideration of state unemployment tax credits, is now 6.0%. Employers need to separately track FUTA taxable wages paid before July 1, 2011, and FUTA taxable wages paid…
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Date 07.07.2011
Today I want to highlight my favorite calculator that you can access on our website. Whether you want to determine how much your loan payments will be on a new mortgage or run an amortization schedule for your own records, this calculator is exactly what you need. …
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Date 06.26.2011
If you are like me, you’ve been feeling a little more pain at the pump lately. Thankfully, the IRS recognizes this and finally raised the deduction amount for business mileage. Beginning July 1, 2011 you can deduct 55.5 cents per mile for the remainder of the year….
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