Tax Impact – July/August 2010

Posted on: 07/09/2010

Tax Impact – July/August 2010 (PDF)

Peterson Sullivan’s quotes of interest from this season’s tax newsletter:

  1. “If you’re thinking about adding to your workforce, keep in mind that the HIRE act’s payroll tax incentives are available for wages paid through the end of 2010, so the sooner you act, the greater the benefits . . .”
  2. “IRAs and employer-sponsored ‘qualified’ plans, such as 401(k)s can effectively build wealth for your family because no taxes are due until funds are withdrawn, which allows you to take advantage of tax-deferred compounding . . .”
  3. “The mortgage interest deduction is available for interest on loans secured by your principal home or a second home . . .”

Peterson Sullivan provides tax, accounting, and business consulting services to a variety of clients including closely held businesses, publicly traded companies, nonprofits, auto dealerships, individuals, and many more. The following individuals lead our Tax Department: Jim Schneidmiller, John Smolke, Al Dunnell, Don Murphy, Chris Ebert, and Jack Pauw.

Please visit our company directory for links to their profiles.

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