Cut Your Taxes and Predict the Future

Happy New Year!

As we welcome in 2012 and wave good-bye to 2011 (so goes many of the tax provisions that a lot of taxpayers have enjoyed for quite some time). Let’s take a moment to recap the end of the year.

Congress was able to extend the payroll tax cut but, a little over 50 tax provisions expired when the clock struck 12. For a list of the more important provisions that expired and to take a look into the future:

A Look into the Future

With the start of 2012, there are a few new tax provisions taxpayers will want to pay close attention to. The major new provisions include inflation adjustments, capital gains and loss reporting, credits for hiring veterans, and bonus depreciation.

So what’s in store for 2012? Since this is an election year, there is sure to be a great deal of talk about tax reform and deficit control as many taxpayers already have been hearing. The end of the Bush tax rates (2013) is also sure to be a hot topic for 2012 campaigns.

The bottom line is to have a plan and that way a taxpayer can ensure they don’t make any mistakes most taxpayers make every year.

Give to the Right Charity

We are in the season of giving and many taxpayers would like to provide assistance to those less fortunate than they are. While charitable giving is always good, there are however some things taxpayers should know before giving their money, time, and other items to a charity. Here's a short video with the details. Enjoy.



The Tech Accountant

Travel Receipts Got You Sour as a Lemon??? Make Lemonade

I hope everyone had a great holiday this past week. If you were one of the many people traveling this past week, I am sure you have quite a few receipts from your trip that you may want to organize to see how much you spent over the holiday.

Or maybe you are a constant business traveler that is tired of trying to keep up with all of your receipts when you travel for business.

If this describes you, I am sure that the time it takes to organize and tally up what you spent, and where has you as sour as a lemon.

Here's a quick video on a new web-based product with a corresponding smart phone app that can make lemonade out of those receipts. Let me know what you think.



The Tech Accountant

Facebook Employees Go Nuts As Zuckerberg Tells Them The IPO Is Coming - Nicholas Carlson

Is there a Facebook IPO in the future....stay tuned.

Facebook Employees Go Nuts As Zuckerberg Tells Them The IPO Is Coming - Nicholas Carlson

The Tech Accountant

A Bonus for Small Biz

Thanks to the IRS, small businesses can deduct the cost of bonuses they pay to employees even if they don't know which employees will receive a year-end bonus. Listen here for details:



The Tech Accountant

Kids Say the Wildest Things

Here's a cool video that explains what it is like to be a tax accountant....well maybe in the "old" world of accounting. Personally I could only relate my past experiences to what the kids describe in the video. The "new" world of accounting is so much more exciting.

So check out the video, send it to your accountant and see if they can relate.



The Tech Accountant

Warren Buffet and Jay-Z preach financial literacy

Here's a coolcartoon video of rapper Jay-Z and Warren Buffet teaching kids good money management. Enjoy.



The Tech Accountant