Tax Planning
The latest news and developments that advisors need to create meaningful tax planning strategies for clients.
Senate Democrats Pitch Tax Credit for Small-Business Hiring
By Melanie WaddellThe three top Democrats in the Senate introduced legislation Monday that provided a 10% tax credit for employers who increased their payrolls this year as well as extended a tax break that lets businesses write off 100% of capital investments.
March 23, 2012
Tax Planning Tips to Maximize Charitable Giving’s ImpactAfter 25 years in practice, Susan Colpitts feels its too early to have any idea what the tax environment might be like in 2013, and offers some advice to protect clients.
March 22, 2012
Smart Tax Planning Now: 22 Days of Tax Planning Advice for 2012—Final UpdateAdvisorOne's annual monthlong special report providing a calendar of practical advice and strategic insights on a host of tax planning topics for advisors and their clients.
March 22, 2012
British Budget Cuts Top Tax Rate, Deductions for PensionersChancellor of the Exchequer George Osborne on Thursday prompted a chorus of jeers over the budget he unveiled, which cut the top tax rate on Britains wealthiest even as it eliminated tax deductions for pensioners.
March 21, 2012
GOP Budget Plan Cuts Deeply into Domestic Programs, Reshapes Medicare, Medicaid (Washington Post)Proposal would put nation on course to wipe out deficits and balance the budget by 2040.
March 21, 2012
Employee Benefits and Taxes, Pt. 2: Tax Treatment of Lump Sum DistributionsFrom Tax Facts Online, a look at special tax treatments for lump sum distributions from a qualified plan.
March 21, 2012
Retirement Plans Could Be Hit by ProposalsIn the proposed plan, contributions to plans would no longer be tax deductible, but a flat-rate refundable tax credit of 18% would be introduced instead that would serve as a federal matching contribution into a retirement savings account.
March 20, 2012
Ryan’s GOP Budget Repeals AMT and Health Care Law, Reforms Tax CodeHouse Budget Committee Chairman Paul Ryan, R-Wis., released the House 2013 budget, which would reduce tax brackets from six to two and, like Obama's plan, cut corporate tax rate.