SS&C Business & Tax Services, Inc. http://www.ssccpas.net Thu, 09 Feb 2012 05:47:48 +0100 FeedCreator 1.7.2 http://www.ssccpas.net/content/view/269/2/ Over the last two years, there has been a lot of discussion about converting traditional IRA funds to Roth IRA funds. Also, many taxpayers are unable to make Roth IRA contributions due to the IRS income limitations. Roth IRAs can help diversify against the risk of increased future tax rates. Let’s look at strategy to help accomplish the goal of increasing Roth IRA balances. News - Individual Taxation Thu, 15 Dec 2011 16:22:52 +0100 http://www.ssccpas.net/content/view/268/2/ As the year draws to an end, we would like to highlight a few tasks that employers may perform in December and January to make the year-end payroll processing go more smoothly. News - Corporate Taxation Mon, 12 Dec 2011 22:36:23 +0100 http://www.ssccpas.net/content/view/267/2/ The Internal Revenue service announced that the cost of living adjustments have affected the dollar limitations for pension plans and other retirement-related items for the 2012 Tax Year. In general, many of the pension plan limitations will change for 2012 because the increase in the cost-of-living index met the statutory thresholds. However, other limitations will remain unchanged. News - Corporate Taxation Mon, 12 Dec 2011 22:34:00 +0100 http://www.ssccpas.net/content/view/266/2/ With 2011 drawing to an end, now is the time to review any possible tax credits that your company might qualify for. One such credit is the New Hire Retention Credit, which was included as part of the Hiring Incentives to Restore Employment Act of 2010 (HIRE). The credit allows for up to a $1,000 credit each for an unlimited number of qualifying retained workers. News - Corporate Taxation Mon, 12 Dec 2011 22:30:49 +0100 http://www.ssccpas.net/content/view/265/2/ As 2011 draws to a close, there is still time to reduce your 2011 tax bill and plan ahead for 2012. This letter highlights several potential tax-saving opportunities for you to consider. We would be happy to meet with you to discuss specific strategies and issues. News - Corporate Taxation Mon, 12 Dec 2011 22:22:16 +0100 http://www.ssccpas.net/content/view/264/2/ Although there are only three weeks left to go before the year ends, it's not too late to implement some planning moves that can improve a your tax situation for 2011 and beyond. News - Individual Taxation Mon, 12 Dec 2011 22:17:14 +0100 http://www.ssccpas.net/content/view/263/2/ In June of 2010, the United States Government Accountability Office (GAO) presented their report “Continuing Care Retirement Communities Can Provide Benefits, but Not Without Some Risk” to the Chairman of the Special Committee on Aging of the United States Senate. This report addressed four key issues: News - Non-Profit Tue, 01 Nov 2011 17:01:23 +0100 http://www.ssccpas.net/content/view/262/2/ The following is a summary of the most important tax developments that have occurred in the past three months that may affect you, your family, your investments, and your livelihood. Please contact us for more information about any of these developments and what steps you should implement to take advantage of favorable developments and to minimize the impact of those that are unfavorable. News - Individual Taxation Tue, 25 Oct 2011 16:23:50 +0100 http://www.ssccpas.net/content/view/261/2/ For businesses, tax breaks that are available through the end of this year but won't be around next year unless Congress acts include: 100% bonus first-year depreciation for most new machinery, equipment and software; an extraordinarily high $500,000 expensing limitation (and within that dollar limit, $250,000 of expensing for qualified real property); and the research tax credit. News - Corporate Taxation Wed, 05 Oct 2011 22:49:58 +0100 http://www.ssccpas.net/content/view/260/2/ Year-end tax planning is especially challenging this year because of uncertainty over whether Congress will enact sweeping tax reform that could have a major impact in 2012 and beyond. And even if there's no major tax legislation in the immediate future, Congress next year still will have to grapple with a host of thorny issues, such as whether to once again “patch” the alternative minimum tax (e.g., to avoid a drastic drop in post-2011 exemption amounts), and what to do about the post-2012 expiration of the Bush-era income tax cuts (including the current rate schedules, and low tax rates for long-term capital gains and qualified dividends), and the expiration of favorable estate and gift rules for estates of decedents dying, gifts made, or generation-skipping transfers made after Dec. 31, 2012. News - Individual Taxation Wed, 05 Oct 2011 22:37:04 +0100