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The FBAR - Why You May Incur Steep Penalties This Summer
In this global economy more and more individuals are starting to find themselves with financial interests in other countries. Unfortunately for most of these individuals, they are unaware that failure to report these interests to Uncle Sam (by June 30th) may incur civil penalties up to $10,000.
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The HIRE Act - Important Tax Breaks for a Recovering Economy
To help jumpstart business hiring and investment, Congress has passed, and President Obama has signed, the Hiring Incentives to Restore Employment (HIRE) Act. The HIRE Act provides for payroll tax forgiveness and an employer income tax credit of up to $1,000 for qualified new hires. The payroll tax forgiveness is significant as, for the first time, the hiring of formerly unemployed workers will benefit businesses regardless of their profitability. The payroll tax forgiveness can benefit EVERY business and most nonprofits..
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President Obama’s Plan to Help Small Business
Recently there has been a lot of buzz about President Obama’s plan to help small business. You may be asking yourself what it all means to you as a small business owner. As your trusted business adviser we would like to help you understand, recognize and seize the opportunities available as a result of these new initiatives.
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