Toledoaccountants - toledoaccountants.net
General Information:
Latest News:
2012 Michigan Income Tax Changes- Effect on Retirees 7 Jan 2012 | 07:49 pm
In my previous post, I mentioned how good Michigan retirees had it prior to 2012. Prior to 2012, most Michigan retiree income was exempt from Michigan Income tax. That changes in 2012, and here is t...
Michigan Income Tax for Seniors and Retirees- New for 2012 5 Jan 2012 | 05:58 pm
As many people know, beginning in 2012, Retirees will be taxed differently. Last year, Michigan’s new Governor, Rick Snyder, signed into law legislation that is designed to generate more jobs in the ...
New Lease Accounting Rules 3 Jul 2011 | 03:37 pm
New Lease Accounting Rules are Coming There are new Lease Accounting Rules coming soon. Many Small Businesses lease many of their assets because instead of owning an asset, they can rent it and get ...
Withholding Change for 2011 4 Mar 2011 | 05:09 am
If you’ve done (or are doing) your taxes for 2010, you know that there is a “Making Work Pay” Refundable Tax credit toward the bottom of the second page of the 1040. For W-2 Employees, the amount of ...
Potential Tax Break for Michigan Retirees 4 Feb 2011 | 06:45 am
A few weeks ago, a wealth management adviser pointed out a potential tax break available to Retirees in Michigan. Before I tell you how, I first have a digression. I’ve noticed that from an income t...
Tax Breaks that Expired in 2010 3 Feb 2011 | 08:42 am
Since we are in the early stage of completing 2010 income tax returns, you may want to be aware of a few tax breaks that expired in 2010. Congress was in a rush in December to complete the 2010 budge...
How to Use Your Traditional IRA to Save Tax 15 Jan 2011 | 06:04 pm
If you are over 70 1/2, here is how to use your Traditional IRA to save tax, and help your favorite charity: Required Minimum Distributions: If you have a Traditional IRA and you are over 70 1/2, yo...
First 2011 Tax Tip- Organize Your Records 2 Jan 2011 | 06:28 am
The first tax tip you should remember every year is to Organize Your Records. This tip comes to us from the blog ForsthoefelFinance.com. He wrote it for last tax year, but it is just as applicable ...
Congress Passed 2010 Middle Class Tax Relief Act 30 Dec 2010 | 09:50 am
The 2010 Middle Class Tax Relief Act was passed a few weeks ago after the President indicated he’d be willing to sign on to extending the tax rates in effect for 2009, into 2010 and 2011. In exchange...
What is the Nation’s 2010 Tax Policy? 1 Dec 2010 | 06:35 am
Not even the President or Congress knows the Nation’s 2010 Tax Policy. As you may be aware, there is a Lame Duck session of Congress and that session will determine tax policy for 2010. It is amazin...
