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Dear Valued Client,
This month's edition includes an important article that discusses some of the automatic tax changes that could impact just about everyone if Congress does not take action. This will help you determine which tax laws have expired or will be expiring so that you can take advantage of them before it's too late. Please schedule a consultation with this office for 2010 fall and 2011 tax planning. This office is here to help you with all your tax needs. Sincerely, The Kington Group Tax Increases Are Coming Unless Congress Takes ActionNormally, one would think that Congress would have to take some action to increase taxes. However, it is quite the opposite for 2011. If Congress fails to take action, there will be a tax increase affecting just about everyone in every tax category. In order to skirt a Senate rule that requires 60 votes to pass a bill that increases the deficit beyond a ten-year window, Congress passed the Bush tax cuts in 2001 and 2003 with most provisions designed to sunset this year.(Read More)
Does the IRS Owe You Money?If you have not filed a prior year tax return and are due a refund, you should consider filing the return to claim that refund. If you are missing a refund for a previously filed tax return, you should check the status of your refund and confirm your current address. (Read More)
Tax Tips for Military PersonnelBecause military personnel have obligations that can impact their tax situation, they are entitled to special tax breaks. Here are a number of benefits that apply. (Read More)
Tax Tips for New Business OwnersIf you are planning to open a new business, there are a number of tax and accounting issues you need to be aware of. The following are some of the more commonly encountered issues a new business owner needs to cope with.(Read More)
What is a Charitable Organization?Money or property that you donate to “qualified” charitable organizations can be included in your itemized deductions as a charitable contribution. But what is a “qualified” charity?(Read More)
Go Back to School With the Educational Tools of QuickBooksWe know. When you first cracked your copy of QuickBooks, you wanted to dive in and start generating invoices. Fortunately, QuickBooks is intuitive enough that you were able to do just that. And its help system is so robust that you were able to get procedural questions answered quickly and easily. (Read More)
The The Kington Group newsletter is available via e-mail on a free subscription basis. You can subscribe or unsubscribe at any time. For more information about - The Kington Group, go to http://www.thekingtongroup.com. This message was sent using ClientWhys Persyst. View our permission marketing policy. Circular 230 Disclosure, United States Treasury regulations effective June 21, 2005 require us to notify you that to the extent of this communication, or any of its attachments, contains or constitutes advice regarding any U.S. Federal tax issue, such advice is not intended or written to be used, and cannot be used, by any person for the purpose of avoiding any penalties that can be imposed by the Internal Revenue Service.
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