by Melissa Merrick and Marie Jett, CPA | Team Members of the Tax Services Group In the October 13 issue of our enewsletter, we reviewed with you the tax deductions that are scheduled to sunset in 2011. There are also several tax credits that are scheduled to end in 2011. A tax credit is a […]
by Melissa Merrick and Marie Jett, CPA | Team Members of the Tax Services Group Many tax breaks currently available to businesses will become unavailable after December 31, 2011. With other political policies taking higher priority, the extension of these tax provisions may not occur. The following article provides detail on tax deductions that are […]
by Melissa Merrick and Marie Jett, CPA | Team Members of the Tax Services Group and the Manufacturing & Distribution Services Group The Indiana Department of Revenue offers numerous tax deductions and credits. One such tax credit is the Hoosier Business Investment Tax Credit. Taxpayers are eligible for this credit when making qualified investments to […]
by Melissa Merrick and Marie Jett, CPA | Team Members of the Tax Services Group When it comes to taxes, reaching age 70 ½ is an important milestone. Thats because you have to start taking minimum annual distributions from most retirement plans when you reach age 70 ½. And if youve already retired from […]
by Melissa Merrick and Larry Brodnik, CPA | Team Members of the Tax Services Group There are two major changes that will be occurring in 2011 regarding FUTA (Federal Unemployment Tax Act) and SUTA (State Unemployment Tax Act): (1) FUTA rate for Indiana companies will increase from .8% to 1.1%, and (2) SUTA wage base […]
by Melissa Merrick | Rex Miller, CPA Team Members of the Manufacturing & Distribution Services Group The Section 199 deduction (also referred to as the domestic manufacturing deduction, U.S. production activities deduction, and domestic production deduction) is a tax break for businesses that perform domestic manufacturing and certain other production activities. It was established by […]