2010 was a year in which a long-held dream of mine came true. I am a huge movie buff and I often sit through the credits. I wanted to break into movie production accounting and see my name on the big screen, but I didn’t know how I would make that dream a reality. In […]
Just a few short weeks and the film, Lake Effects, will begin production at Smith Mountain Lake. I am so excited for the producer and my friend, Sara Elizabeth Timmins! She has worked hard to see her vision become a reality. Little did I know when I met Sara Elizabeth a year ago that I […]
The recently passed Hiring Incentives to Restore Employment Act (HIRE) gives employers two types of tax relief. Employers can receive an exemption from paying for hiring employees who meet a particular threshold for unemployment, and then earn a credit for retaining employees for a particular time. In other words, you can save money while getting […]
Tax season is here once again and with it are many changes to the tax law. Highlights of the new tax provisions include homebuyer credits, unemployment credits, education credits, and health coverage credits.
The homebuyer credit was expanded and extended on November 6, 2009. The provisions according to the IRS website (http://tiny.cc/homebuyer250) include:
An eligible taxpayer must buy, […]