General Archives |

100 years ago…

I have recently been shown a couple class pictures from grammar school; and I commented that it was a 100 years age.  I am old enough that the kindergarten picture was still in black and white.  The advent of color photography apparently happened when I was in the...

Retirement Planning & Cash Flow

I recently had a couple of conversations regarding retirement, savings and cash flow.  It seems that no one currently has any cash for their bills.  Let alone to save for retirement.  With the current state of the economy I can only advise my clients so far on the...

New 1099 Requirements

Effective for payments made after December 31, 2011, businesses are required to issue to all businesses with payment aggregating $600 or more in the calendar year to a single payee. This will include the phone company, the gas company, your landlord, electric company,...

New fees for health plans

The IRC (Internal Revenue Code) S4375 imposes a fee on each specified health insurance policy.  The fee is imposed upon the average number of lives covered on the policy.  Starting fee is $2 ($1 in policy years ending during fiscal year 2013).

Coming Soon to a 1099 near you?

Now as part of health care overhaul businesses have to send 1099’s to the world.  How long will it take for the government to force individuals to do the same?  I can see it happening on the next bill where they next increase the age to collect social security.  So...

W-2 Information

Beginning after December 31, 2010 employers will be required to include the the value of each employee’s health insurance coverage sponsored by the employer. I believe the purpose of this is for determining those whom have Cadillac insurance plans (additional future...

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