Deductions for New Autos – Expires this year!
November 13, 2009 | 
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In 2009, you can deduct the state or local sales and excise taxes imposed on the purchase of a qualified motor vehicle after February 16, 2009, and before January 1, 2010. A qualified motor vehicle includes a passenger automobile, light truck, or motorcycle, the original use of which begins with that purchaser and that has a gross vehicle weight rating of 8,500 pounds or less.
Go Green to Save Some Green
November 2, 2009 | Subscribe to our RSS Feed
People can now weatherize their homes and be rewarded for their efforts. According to the Internal Revenue Service, homeowners making energy-saving improvements this fall can cut their winter heating bills and lower their 2009 tax bill as well.
Proposals to Ease the Unemployment Tax Burden
October 23, 2009 | Subscribe to our RSS Feed
The state Department of Labor, Licensing and Regulation is working on two changes that would cushion the blow for businesses as their unemployment insurance taxes skyrocket: payment plans and a reduction in late payment fees.
Next year, unemployment taxes are expected to at least triple for nonprofits and companies. At maximum, employers who have experienced multiple layoffs will pay $1,147.50 per worker, up from $765.
Details on the MD Unemployment Tax Increase- OUCH
October 13, 2009 | Subscribe to our RSS Feed
The Department of Labor, Licensing and Regulation just released word that the state’s unemployment insurance tax is set to more than triple for Maryland businesses effective January 1, 2010. Here are some details:
Employee or Independent Contractor?
October 7, 2009 | Subscribe to our RSS Feed
A common practice in many professional businesses is to hire new workers as independent contractors instead of employees. This practice is especially prevalent in the dental profession. The primary reason for doing this is obviously to save money. Not only is the owner not responsible for paying payroll taxes but they can also avoid extending any benefits, such as health insurance or retirement benefits, to the dentist, hygienist or assistant.