Tuesday, February 19, 2008

New Law Provides Two Important Business Tax Breaks

 
By now, you've probably heard about the new federal law that will be providing tax rebates to qualified individuals, beginning in May. But the Economic Stimulus Act also includes valuable new tax breaks for businesses on qualifying equipment and vehicles that they purchase. Our lead article in this Thursday's edition of our eNewsletter will detail which businesses are eligible, how much they can claim, and what type of assets qualify. Click here to subscribe to our free eNewsletter!

Thursday, February 7, 2008

ASA Membership Event

One of the many construction trade groups our firms supports, the American Subcontractos Association of Western Pennsylvania, is having a membership event on Tuesday, March 4. It's at 5:30 p.m. at the Rivers Club downtown. If you're a subcontractor interested in learning more about the ASA, download the flyer here and consider attending!

Tuesday, February 5, 2008

Supreme Court Limits Trust Fee Tax Deductions

 
In a significant decision, the Supreme Court recently limited the tax deductions that can be claimed by trusts and estates. The ruling, which went against the family that created Pepperidge Farm, affects the amount that trusts and estates can write off for the investment advice they receive. Want more details? This will be our lead-off story in our eNewsletter to be sent this Thursday. You can sign up for our eNewsletter here.

Wednesday, January 30, 2008

Zero Percent Capital Gains Tax: How to Take Advantage

   
Beginning in 2008, the federal tax rate on long-term capital gains and dividends dropped to zero percent for people in the lowest two tax brackets. Who can take advantage? Potential beneficiaries include recent college graduates, retirees, new business owners who have modest incomes this year and others. Parents or grandparents might want to give appreciated securities to loved ones who qualify.
 
Want more info?  This will be the lead topic of our firm's free eNewsletter this Thursday. You can sign up to receive it here.

Monday, January 7, 2008

Important Tax Changes for 2008

 
We've put together some important tax figures for the upcoming year, including the Social Security wage base, qualified retirement plan and IRA contribution limits, driving deductions, allowable business write-off amounts and more. We will be sending this information out in our free eNewsletter this Thursday, formatted as a handy chart to keep and assist you in planning for 2008. You can sign up for our newsletter here.