|
Welcome to this month's edition of the "Tax and Business Alert." Our goal is to provide you with current articles on various tax and business topics. The articles are intended to keep you up to date on trends and issues that may impact your business and personal financial affairs.
To ... |
|
|
Tax Breaks for Families and Students
Recent legislation made permanent or extended several tax breaks for families. In addition, several education breaks were made permanent or extended.
Child Credit. For 2013 and beyond, the maximum credit for an eligible under-age-17 child (Child Credit) was scheduled to drop from $1,000 to only $... |
|
|
Impact of Higher Individual Federal Tax Rates
Media outlets have focused a great deal of attention on the topic of increased individual federal tax rates, especially on high-profile athletes. Yes, tax rates have increased for some, but not for everyone. While most wage earners have seen their take-home pay shrink... |
|
|
Impact of Higher Individual Federal Tax Rates
Media outlets have focused a great deal of attention on the topic of increased individual federal tax rates, especially on high-profile athletes. Yes, tax rates have increased for some, but not for everyone. While most wage earners have seen their take-home pay shrink... |
|
|
To show our appreciation this tax season, everyone who "Likes" our Facebook page before April 15th will be entered into a drawing to win a NEW 32GB Apple iPad with Retina Display! "Check-In" while you visit us for an additional entry!!
Visit our Facebook page ... |
|
|
Social Security and Medicare Update
The annual inflation adjustments have been made for the various social security amounts and thresholds. So, we thought it would be a good time to update you for 2013.
The social security wage base, for computing the social security tax (OASDI only), increases to $113,700 in 2... |
|
|
IRS Plans Jan. 30 Tax Season Opening For 1040 Filers
WASHINGTON — Following the January tax law changes made by Congress under the American Taxpayer Relief Act (ATRA), the Internal Revenue Service announced today it plans to open the 2013 filing season and begin processing individual income tax returns on ... |
|
|
Dear Clients:
On January 2, 2013 Congress passed fiscal cliff legislation that President Obama is expected to sign today. Please contact us at Schlenner Wenner and Co. with any questions you may have about this legislation. The major tax provisions are as follows:
INDIVIDUAL TAX
• The income tax rate increase... |
|
|
Deducting Home Mortgage Interest
The political debate on federal tax reform touches many topics, including the tax deduction for interest on home mortgage loans. At the time of publication, there was no way to determine if this deduction will continue or at what level, but we thought it would ... |
|
|
Statewide property tax levies for 2013 are proposed to increase by an
average of 2.3 percent
St. Paul, Minn. – Property tax levies are proposed to increase an
average of 2.3 percent statewide if proposed local tax levies are
adopted by local governments later this year.
The increase is based on maximum levy amounts prop... |
|
|
Just wanted to share the exciting news that we are in the final steps
of moving our Maple Lake office to a new build out site right on
Highway 55. Our goal is to move phones/computers on Friday, December
7th so we are open for business on Monday, December 10th at our new
locat... |
|
|
Why manufacturers are important to the US economy:
Manufacturing is important for the nation’s economic stability. The experience of the Great Recession exemplifies this point. Although manufacturing plunged in 2008 and early 2009 along with the rest of the economy, it is on the rebound today while other key economic sect... |
