
Optional Standard Mileage Rates for 2012 - On December 9, 2011, the IRS released the 2012 optional standard mileage rates.
Using the Incentive Stock Option Qualification - Mind the details to ensure favorable tax treatment. In order to attract and maintain a quality workforce, companies usually provide retirement savings as part of their compensation plans.
Additional Possible Red Flags - As mentioned in our previous monthly update there are several other items that the IRS tends to zero in on.
Be Aware of Possible Red Flags - Businesses and individuals are responsible for reporting all income received. Be aware that copies of 1099's, K-1's, and W-2's that arrive on your doorstep are also being received by the IRS.
Audit Alert - As the government looks for ways to increase its revenue, the Internal Revenue Service is looking more and more to small businesses.
Tax Strategies Worth Considering - When the news spread that the White House was butting heads with the Republicans over the debt ceiling and then, subsequently, Standard & Poor's lowered it's grade on U.S. Treasury securities from AAA to AA+, the DJIA became a ride similiar to a roller coaster.
*********************************************************** Governmental Agencies:
| IRS | Internal Revenue Services home page | |
| SEC | Securities and Exchange Commission home page | |
| Revenue Canada | Revenue Canada home page | |
*********************************************************** Professional Organizations:
| AICPA | American Institute of Certified Public Accountants home page | |
| Silver Fox Advisors |
A select group of successful senior executives and entrepreneurs offering years of experience and advice to help build small and mid-size businesses... profitably. |
|
| Catalyst Financial | Factoring Texas One Company At A Time home page. | |
| 35-45 Consulting-Houston | Technology Solutions | |
************************************************************ Accounting Software Providers:
| QuickBooks Software | ||
| Peachtree Software | ||
| Sage Software | ||
************************************************************ Other Interesting Sites:
| Mapquest | Maps, directions, and travel guide | |
| Houston Business Journal | Business information and news of the community. | |
| Houston Humane Society | Member | |
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