The warmer-than-average winter temperatures, combined with the record summer heat, set the stage for some serious concerns for contractors. Many of them faced or are still facing water deficits, grueling working conditions, higher project costs, and net losses.
The unexpected… Read More
Beginning January 1, 2013, four provisions of the Affordable Care Act go into effect that will negatively impact individual taxpayers. Here’s what you can expect:
The employee portion of the Medicare tax will increase by 0.9% on wages and self… Read More
With the sunset of various tax laws at the end of 2012 comes a change in educational tax credits and deductions. Taxpayers could see changes in the tax treatment of the Coverdell Education Savings Account, student loan interest deduction, and… Read More
Under current law, the reduced tax on long-term capital gains and qualified dividends are scheduled to revert in 2013 to their pre-2003 rates. For the past ten years, taxpayers in the 10% or 15% tax bracket did not have to… Read More
Most avid sports fans, and in particular baseball fans, know about the blockbuster trade between the Miami Marlins and Toronto Blue Jays. However, what most avid sports fans don’t know is the tax consequences the traded Marlins’ players will face.… Read More