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Five Experts Help Contractors put a Stop to Falling Profits...
"Caution: Your Bottom Line is Falling" was the panel discussion given to contractors on February 12, 2004 at the Poughkeepsie Grand Hotel in Poughkeepsie, New York.

Estimated Tax for Nonresident Individual Partners and Shareholders and Corporate Partners
Beginning September 15, 2003, partnerships, LLC's and S corporations are required to make estimated tax payments to NYS on behalf of nonresident individual partners and shareholders. The estimated payments are reported to NYS on Form IT-2658. The form is available on the NYS website. The September 15 payment should include the amounts due from April 15 and June 15...

The Job Creation and Worker Assistance Act of 2002
Important changes are at hand for business and professional clients in the recently enacted Job Creation and Worker Assistance Act of 2002. In an effort to stimulate the economy, Congress is giving taxpayers an extra 30% first-year depreciation writeoff for most new capital assets (other than buildings) acquired after September 10, 2001, and before September 11, 2004, and placed in service before 2005 (before 2006, for certain property with longer production periods). In effect, this additional writeoff means that you can recover more of the cost of a business asset in the year you place it in service...

The EGTRRA of 2001
Congress recently passed a major tax bill, the "Economic Growth and Tax Relief Reconciliation Act of 2001", also known as EGTRRA.Although many of its provisions won't go into effect for several years, most individuals will see at least some income tax benefits this year. These include a new 10% bracket...

Estate Planning Under EGTRRA of 2001
Estate planning will be affected by the 2001 Tax Act in various ways. This new law gradually eliminates the estate tax by increasing the amount that is exempt from the tax over several years...

Home Sale Rules Liberalized
The IRS has issued new regulations liberalizing key aspects of the home sale exclusion. This exclusion allows an individual to treat as tax-free up to $250,000 of gain from the sale of a home owned and used by him as a principal residence...

Borrowing From the Business
A New IRS Audit Technique Guide provides insight and pinpoints problems to avoid when making shareholder loans. ...

IRS Announces Decrease in Quarterly Interest Rates
The Internal Revenue Service recently announced that interest rates for the calendar quarter beginning January 1, 2002, will decrease to six (6) percent for overpayments (six (5) percent in the case of a corporation), seven (6) percent for underpayments, and eight (8) percent for large corporate underpayments...