Taxes
Knoxville, TN (February 2012) – Lattimore Black Morgan & Cain, PC (LBMC), one of the Southeast’s largest accounting and business consulting firms, has added Mitchel “Mitch” Janocha in its Knoxville office.
Mitch Janocha has joined the firm as a staff member with the tax department. Prior to joining LBMC, he was in a staff position at Alpern Rosenthal. He is a graduate of Indiana University of Pennsylvania with a bachelor’s degree in accounting.
Tags: LBMC’S HARPER HONORED WITH UNITED WAY AWARD
NASHVILLE, Tenn. (February 22, 2012) – Cindy Harper with Lattimore Black Morgan & Cain, PC has been awarded the prestigious Bill King Award by the United Way of Williamson County. Harper is a tax partner in the Firm’s Nashville office and a leader in its Wealth Management Practice. read more »
The following table provides some important federal tax information for 2012, compared with 2011. Some of the dollar amounts change due to inflation. Other amounts are changing due to legislation.
A basic principle of year-end tax saving is to accelerate deductible expenses into this year and defer income until next year. Of course, that doesn't work in all cases. The right strategy for your business depends on several factors, including how you answer these questions:
Bonds Looking Pretty Good Right Now
We all know U.S. Savings Bonds are a relatively safe way to save money. Perhaps you have given them as gifts for the birth of a baby, a graduation or a child's birthday. But you may not have thought about adding them to your own portfolio.
Perhaps you should. Savings bonds are looking pretty good compared with other fixed-income investments. In addition, they provide favorable tax treatment. Here are the details and tax advantages of U.S. Series I and Series EE Savings Bonds.
Recover Deductions After a Disaster
From tornadoes and floods to tsunami waves on the Pacific coastline to severe winter storms in the Northeast, the United States has witnessed a wide variety of damaging natural disasters in 2011 -- and the year is less than half over. Although it will probably come as a small solace if you've been victimized, at least you may be able to claim some tax benefits for certain casualty losses.
New Help for Taxpayers Who Fall Behind
The IRS recently unveiled a new program to help struggling individual taxpayers and small business owners pay off tax debts and avoid tax liens. read more »
May, 2011 – Lattimore Black Morgan & Cain, PC (LBMC), one of the Southeast’s largest accounting and business consulting firms, has added Jodi Arsenault in its Brentwood (Nashville) office.
Jodi Arsenault has joined the accounting firm in a staff position in the tax department. She previously worked in a staff position for Hearing Planet. Jodi earned a bachelor's degree from the University of Phoenix and is currently working on her MSA. read more »
The IRS has issued some much needed guidance on how the new business depreciation tax breaks work and the options available to taxpayers. (IRS Revenue Procedure 2011-26) read more »
When Should You Keep and Throw Out Tax Documents?
Once your 2010 tax return has been put to bed, you can rest easy until it's time to prepare for filing next year...right? Wrong. Before you turn out the lights, collect all the vital materials from your 2010 return and store them in a safe place. The documents you don't need anymore can be thrown away, after shredding them or destroying them, of course.
