Financial Articles & Advice
Financial Advice For Businesses
IRS Announces Mileage Rate Increase
WASHINGTON, June 24, 2011 --- The Internal Revenue Service has announced an increase in the optional standard mileage rates for the final six months of 2011. The rate will increase to 55.5 cents a mile for all business miles driven from July 1, 2011, through December 31, 2011.
Repeal of 1099 Reporting Provision
On April 14, 2011, President Obama signed H.R. 4, repealing the 1099 reporting provision of the Patient Protection and Affordable Care Act. The law was scheduled to take effect in January 2012.
IRS Examines Stimulus Plan's Small Business Provisions
Small businesses can act now and take advantage of tax-saving opportunities included in the recent recovery law.
SBA Launches New Loan Program To Help Struggling Businesses
Small businesses suffering financial hardship as a result of the slow economy may be eligible to receive temporary relief to keep their doors open and get their cash flow back on track through to a new loan program announced by SBA Administrator Karen G. Mills.
Choices For Financing Your Small Business
It's important for every aspiring business owner to understand the ABCs of financing a new business. MACPA provides these helpful tips.
Managing Technology So That It Can Work for You -- Part 1 and Part 2
How do you manage your technology? For me, a better question is, "How can I make my technology work for me instead of against me?" Over the next few months, I plan to answer this question from a number of vantage points inside an organization.
Financial Advice For Individuals
IRS Outlines Tax Consequences for Financially Distressed Homeowners
The Internal Revenue Service has provided guidance on the federal tax consequences of payments made to homeowners under programs established for the hardest hit housing markets, along with the necessary information reporting requirements.
Credit Card Act & New FHA Rules
The new credit card reform laws were created to protect consumers. Check out the changes and how they affect you. Also included are the four major highlights of the new FHA rules.
Protecting Your Retirement Savings
Problems in the stock market have affected virtually every sector of the economy, but the impact on retirement accounts has been the most worrisome for many people. There are steps you can take now to protect your remaining savings.
Is This A Good Time To Refinance?
Refinancing is only a good idea under the right circumstances. Here is some advice on deciding whether the time is right for you!
Pro's And Con's Of A Reverse Mortgage.
Reverse mortgages have become a popular option for seniors who would like to reap some of the benefits of the equity they have built up in their homes. However, it's important to be aware of both the advantages and drawbacks to these loans.
How long you should retain financial records
Maryland Association of CPAs recommended guidelines you can follow.
How to protect your financial privacy
Steps you should take to keep your financial information and personal records confidential.
Financial Advice For Non-Profits
The IRS Gives Small Charities A Break
The Internal Revenue Service issued guidance that will allow more small tax-exempt organizations to file a simpler tax form containing less information than they would have been required to file previously.
IRS: 275,000 Groups Have Lost Tax-Exempt Status
WASHINGTON, June 9, 2011 --- Approximately 275,000 organizations under the law have automatically lost their tax-exempt status because they did not file legally required annual reports for three consecutive years, according to the IRS.
Financial Advice For Businesses
IRS Announces Mileage Rate Increase
WASHINGTON, June 24, 2011 --- The Internal Revenue Service has announced an increase in the optional standard mileage rates for the final six months of 2011. The rate will increase to 55.5 cents a mile for all business miles driven from July 1, 2011, through December 31, 2011.
Repeal of 1099 Reporting Provision
On April 14, 2011, President Obama signed H.R. 4, repealing the 1099 reporting provision of the Patient Protection and Affordable Care Act. The law was scheduled to take effect in January 2012.
IRS Examines Stimulus Plan's Small Business Provisions
Small businesses can act now and take advantage of tax-saving opportunities included in the recent recovery law.
SBA Launches New Loan Program To Help Struggling Businesses
Small businesses suffering financial hardship as a result of the slow economy may be eligible to receive temporary relief to keep their doors open and get their cash flow back on track through to a new loan program announced by SBA Administrator Karen G. Mills.
Choices For Financing Your Small Business
It's important for every aspiring business owner to understand the ABCs of financing a new business. MACPA provides these helpful tips.
Managing Technology So That It Can Work for You -- Part 1 and Part 2
How do you manage your technology? For me, a better question is, "How can I make my technology work for me instead of against me?" Over the next few months, I plan to answer this question from a number of vantage points inside an organization.
Financial Advice For Individuals
IRS Outlines Tax Consequences for Financially Distressed Homeowners
The Internal Revenue Service has provided guidance on the federal tax consequences of payments made to homeowners under programs established for the hardest hit housing markets, along with the necessary information reporting requirements.
Credit Card Act & New FHA Rules
The new credit card reform laws were created to protect consumers. Check out the changes and how they affect you. Also included are the four major highlights of the new FHA rules.
Protecting Your Retirement Savings
Problems in the stock market have affected virtually every sector of the economy, but the impact on retirement accounts has been the most worrisome for many people. There are steps you can take now to protect your remaining savings.
Is This A Good Time To Refinance?
Refinancing is only a good idea under the right circumstances. Here is some advice on deciding whether the time is right for you!
Pro's And Con's Of A Reverse Mortgage.
Reverse mortgages have become a popular option for seniors who would like to reap some of the benefits of the equity they have built up in their homes. However, it's important to be aware of both the advantages and drawbacks to these loans.
How long you should retain financial records
Maryland Association of CPAs recommended guidelines you can follow.
How to protect your financial privacy
Steps you should take to keep your financial information and personal records confidential.
Financial Advice For Non-Profits
The IRS Gives Small Charities A Break
The Internal Revenue Service issued guidance that will allow more small tax-exempt organizations to file a simpler tax form containing less information than they would have been required to file previously.
IRS: 275,000 Groups Have Lost Tax-Exempt Status
WASHINGTON, June 9, 2011 --- Approximately 275,000 organizations under the law have automatically lost their tax-exempt status because they did not file legally required annual reports for three consecutive years, according to the IRS.
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