IRA Contributions & Potential Tax Credit A new provision in President Barack Obama's 2010 budget proposal would allow employees to make IRA contributions via payroll deductions through their employers. The item was discussed recently by a U.S....

There is a new 5% tax on elective cosmetic surgery in the new Senate health care bill. Unlike most taxes, we think this will not dissuade those seeking the surgery. Also, by the numbers, the Senate thinks this is a $100 billion industry. That is...

A frequent question we get relates to employee classification. Small business owners and their employees often need clarification on the legal definitions of an independent contractor vs. an employee. The issue has tax, insurance, and potentially legal...

If you did not receive our fall newsletter, you missed this summary of the 2009 individual federal tax changes: One of the important changes allows for individuals to increase their sales tax deduction on the purchase of a qualified new motor vehicle....

Proposed Maine State income and sales tax changes have been placed on hold. On November 9th, Maine Secretary of State Matthew Dunlap announced that people's veto supporters collected enough signatures to place the measure on the June 8, 2010...