With summer in full swing, there is a tax break that working parents should know about. Many working parents must arrange for care of their children under 13 years of age during the school vacation period. A popular solution — with a tax benefit — is a day camp program.
Stocks posted gains Thursday. Brands such as Bank of America, Cisco Systems, JPMorgan Chase and Intel traded upward on favorable economic data. The ADP payroll report showed that companies added 157,000 jobs last month, about twice the amount expected. Meanwhile, the Labor Department said initial jobless claims dipped by 14,000 to 418,000 last week. Elsewhere, crude oil tacked on $1.69 to settle at $98.34 a barrel. Looking ahead, official employment data for June will see the light of day tomorrow.
Think you’re safe from an audit because you have received your refund check? Think again! Read this for startling information on audits.
Now that your taxes have been completed for 2010, you are probably wondering what old records can be discarded. You may have records from years ago that you are apprehensive about destroying. Before starting a toss pile, understand why the records should be kept.
May 2011. Kennesaw, Ga.—Kennesaw State University awarded Dr. and Mrs. Gene W. Henssler with the 2011 President’s Award at the Annual Presidents’ Dinner. Gene and Pat Henssler were recognized for their contributions to the university. The Hensslers helped establish the Student Managed Investment Fund at the Michael J. Coles College of Business. Their donation and…
There is one tax loophole on the books that is large enough to drive a truck through…literally. Due to a provision in the new 2010 Tax Relief Act, you can write off most or all the entire cost of a heavy-duty SUV placed in service this year—without the usual restrictions. But you should move fast if you are in the market for a new business vehicle. Congress may soon undo the unexpected windfall created by the new tax law.