We don't want to rush you but you have:
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Tax Tips Small Business

Employers of Tipped Employees Allowed a Tax Credit
Are you getting the credit you deserve?

If you are an employer in the food and beverage industry, you may be entitled to a tax credit for the social security and Medicare taxes you pay on your employees' tip income. You must meet both of the following requirements to qualify for the credit:
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Small Business Quick Tip

Instead of deducting the actual expenses for the business use of your vehicle, opt for the standard mileage rate. In 2008, you can deduct 50.5 cents for each business mile you drive (58.5 cents for each business mile you drive after July 1st).
Income Tax Resources
Web Links
Display # 
# Web Link Hits
1   Link   Massachusetts Department of Revenue
Your link to numerous online services and the answers to various questions about taxes in the Commonwealth of Massachusetts. 		39
2   Link   Connecticut Department of Revenue Services
A resource for your questions about various tax programs in the State of Connecticut. 		87
3   Link   Internal Revenue Service
One of the most frequently visited sites in America. The Internal Revenue Service has more than you would ever want to know regarding taxes. 		57
Tuesday, 06 January 2009

 

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Tax Tips Personal

Converting a Traditional IRA to a Roth?

You may want to wait

At some point, taxpayers who have a traditional IRA may wish to convert it to a Roth. Roth IRAs are more flexible in that there are no required minimum distributions when the owner reaches age 70 1/2. In addition, qualified distributions from a Roth IRA are not taxable.

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Personal Quick Tip

It doesn't appear that a college education will get cheaper any time soon. Look into establishing a qualified tuition plan for your children. The earnings in the account grow tax-free. As long as the funds are spent on qualified education expenses, there are no tax consequences. Plus, there may be an added tax benefit at your state level.