Month: January 2012

Keys to getting a small business loan

Keys to getting a small business loan Before a start-up company can begin producing revenue, it often needs an infusion of cash that exceeds owner contributions. Even long-established firms sometimes must borrow to purchase inventory, buy real estate, expand operations,…

Are you an active participant?

Are you an active participant? Are you an active participant in your employer’s retirement plan? A “yes” answer can affect your federal income tax deduction for contributions to your traditional IRA. For 2011 and 2012, the maximum contribution to a…

2012 Form 1040 Filing Deadlines

Taxpayers will have until April 17, 2012 to file their 2011 tax returns since April 15, 2012  is on a Sunday and the Emancipation Day holiday observed in the District of Columbia falls on April 16, 2012. The IRS will…

What is income?

What is income? No matter what the weather report says, each new year brings a flurry of information returns. These forms report the income you received during the prior year, and the size of the paper blizzard is partly due…

Answer four questions before refinancing a mortgage

Answer four questions before refinancing a mortgage “Interest rates hit historic lows!” “Refinance Now!” “No-cost refinancing!” These advertisements urge consumers to capitalize on mortgage interest rates that have declined significantly over the past two decades. In December 1991, the average…

Keys to getting a small business loan

Keys to getting a small business loan Before a start-up company can begin producing revenue, it often needs an infusion of cash that exceeds owner contributions. Even long-established firms sometimes must borrow to purchase inventory, buy real estate, expand operations,…

Payroll update for 2012

Payroll update for 2012 Out with the old and in with the new. The expression applies not only to the upcoming new year, but also to the new year’s payroll tax reporting and compliance. Here are two changes. Health care…