http://mhtb.com/ Take a look at our recent blog posts and client newsletter articles. en-us Tue, 01 May 2012 09:00:00 -0500 Tue, 01 May 2012 09:00:00 -0500 http://www.mhtb.com/newsletter.php#2 If you're cringing because you haven't filed a 2011 tax return yet, don't worry. It's not too late, and it's not as hard as you may think. Tue, 01 May 2012 09:00:00 -0500 http://www.mhtb.com/newsletter.php#2 http://www.mhtb.com/newsletter.php#4 Would you like to legally deduct every dime you spend on vacation this year? The five strategies outlined in this article will show you how. Tue, 01 May 2012 09:00:00 -0500 http://www.mhtb.com/newsletter.php#4 http://www.mhtb.com/newsletter.php#1 When you hire someone to work around the house or baby-sit your children, do you need to pay tax for them? Keep reading to find out. Tue, 01 May 2012 09:00:00 -0500 http://www.mhtb.com/newsletter.php#1 http://www.mhtb.com/newsletter.php#3 Tue, 01 May 2012 09:00:00 -0500 http://www.mhtb.com/newsletter.php#3 http://www.mhtb.com/blog.php?id=52 The recently enacted 2010 Small Business Jobs Act includes a wide-ranging assortment of tax breaks and incentives for small business, paid for with various revenue raisers. Here's a brief overview of the tax changes in the new law. Fri, 01 Oct 2010 09:00:00 -0500 http://www.mhtb.com/blog.php?id=52 http://www.mhtb.com/blog.php?id=53 The Patient Protection and Affordable Care Act (HR 3590), signed by the President on March 23, 2010 and the Health Care and Education Reconciliation Act approved by Congress, signed by the President on Wednesday, March 31, 2010 are intended to expand coverage to millions of Americans. Some measures will be implemented in 2010, but many will not take effect until 2014 with some extended out to 2020. A timeline with a high level overview is provided below. Thu, 30 Sep 2010 09:00:00 -0500 http://www.mhtb.com/blog.php?id=53 http://www.mhtb.com/blog.php?id=42 The recently enacted Small Business Jobs Act of 2010 includes a wide-ranging assortment of tax changes generally affecting business. Two of the most significant changes allow for faster cost recovery of business property. Wed, 29 Sep 2010 09:00:00 -0500 http://www.mhtb.com/blog.php?id=42 http://www.mhtb.com/blog.php?id=43 The recently enacted 2010 Small Business Jobs Act doubles the amount of start-up expenses that someone starting a business in 2010 can write off this year. Tue, 28 Sep 2010 09:00:00 -0500 http://www.mhtb.com/blog.php?id=43 http://www.mhtb.com/blog.php?id=44 The recently enacted 2010 Small Business Jobs Act of 2010 includes a wide-ranging assortment of tax changes generally affecting small business. One of the changes could help those who are starting a business this year. It provides a 100% exclusion of gain from the sale of small business stock, with certain limitations. Mon, 27 Sep 2010 09:00:00 -0500 http://www.mhtb.com/blog.php?id=44 http://www.mhtb.com/blog.php?id=45 The new legislation removes cell phones and similar telecommunications equipment (including PDAs and Blackberry devices) from the �??�?¢??listed property�??�?¢?�??�? rules. This makes it easier for employers that provide cell phones to employees, as well as for employee who use their own cell phones. Sun, 26 Sep 2010 09:00:00 -0500 http://www.mhtb.com/blog.php?id=45 http://www.mhtb.com/blog.php?id=46 Generally, business owners can't deduct the cost of health insurance for themselves and their family members for purposes of calculating self-employment tax. The new law allows business owners to deduct health insurance costs incurred in 2010 for themselves and their family members in calculating their 2010 self-employment tax. Sat, 25 Sep 2010 09:00:00 -0500 http://www.mhtb.com/blog.php?id=46 http://www.mhtb.com/blog.php?id=47 The recently enacted 2010 Small Business Jobs Act includes a wide-ranging assortment of tax breaks and incentives for small business. Paying for the tax breaks, in large part, are new provisions allowing taxpayers to convert 401(k) and government retirement accounts into Roth accounts, in which they pay taxes up front on the money they contribute, enabling them to withdraw it tax-free after they retire. Fri, 24 Sep 2010 09:00:00 -0500 http://www.mhtb.com/blog.php?id=47 http://www.mhtb.com/blog.php?id=48 To offset a portion of the cost of the various tax breaks and incentives in the Act, Congress beefed up certain reporting requirements and penalties, in the hope that the added requirements will generate revenue and lead to more effective tax collection. Here are the details of the new reporting requirements. Thu, 23 Sep 2010 09:00:00 -0500 http://www.mhtb.com/blog.php?id=48 http://www.mhtb.com/blog.php?id=49 The recently enacted health overhaul legislation requires certain employers to offer and contribute to their workers' health insurance or pay a penalty. Sat, 31 Jul 2010 09:00:00 -0500 http://www.mhtb.com/blog.php?id=49 http://www.mhtb.com/blog.php?id=50 For owners of small businesses and their workers, the recently enacted health reform legislation has some key provisions to pay attention to. The major ones include: tax credits; excise taxes; and penalties. Fri, 30 Jul 2010 09:00:00 -0500 http://www.mhtb.com/blog.php?id=50 http://www.mhtb.com/blog.php?id=51 A brief overview of the key tax changes affecting individuals in the recently enacted health reform legislation. Thu, 29 Jul 2010 09:00:00 -0500 http://www.mhtb.com/blog.php?id=51 http://www.mhtb.com/blog.php?id=41 How are you managing your business finances? Many business owners are discovering that their assets are not as well protected as they thought. This is especially true in small business environments where a single employee manages all the finances. Often there are no "checks and balances" to verify that transactions are accurate. Thu, 01 Jul 2010 09:00:00 -0500 http://www.mhtb.com/blog.php?id=41 http://www.mhtb.com/blog.php?id=37 IRS has issued new rules that will affect how we, tax professionals, communicate with you. Fri, 01 Jan 2010 09:00:00 -0600 http://www.mhtb.com/blog.php?id=37