Financial Articles & Advice

MACPA Financial Advice For Businesses

Push is on to promote health insurance tax credit for businesses
While most provisions of the federal health care overhaul will take years to roll out, tax credits for small businesses providing health insurance to their workers take effect this year. But insurance agents and health care advocates say many business owners remain unaware of the benefit.

Health care reform brings more paperwork for businesses
A provision in new federal health care legislation could have a significant impact on the amount of paperwork businesses must complete to interact with one another. At issue is Section 9006 of the Patient Protection and Affordable Care Act, which modifies tax rules governing reporting requirements for business-to-business transactions.

Calculate your tax burden under any Bush tax cut scenario
The Tax Foundation has launched a "Bush tax cuts" calculator that allows taxpayers to compare their 2011 federal income tax liabilities under three scenarios: if all the Bush tax cuts expire completely at the end of this year, if they're all extended into 2011 or made permanent, and if President Obama's budget is adopted, which includes a combination of expirations and extensions.

IRS Examines Stimulus Plan's Small Business Provisions
Small businesses can act now and take advantage of tax-saving opportunities included in the recent recovery law.

SBA Launches New Loan Program To Help Struggling Businesses
Small businesses suffering financial hardship as a result of the slow economy may be eligible to receive temporary relief to keep their doors open and get their cash flow back on track through to a new loan program announced today by SBA Administrator Karen G. Mills.

Choices For Financing Your Small Business
It's important for every aspiring business owner to understand the ABCs of financing a new business. MACPA provides these helpful tips.


MACPA Financial Advice For Individuals

Credit Card Act & New FHA Rules
The new credit card reform laws were created to protect consumers. Check out the changes and how they affect you. Also included are the four major highlights of the new FHA rules.

Protecting Your Retirement Savings
Problems in the stock market have affected virtually every sector of the economy, but the impact on retirement accounts has been the most worrisome for many people. There are steps you can take now to protect your remaining savings.

Is This A Good Time To Refinance?
Refinancing is only a good idea under the right circumstances. Here is some advice on deciding whether the time is right for you!

Pro's And Con's Of A Reverse Mortgage.
Reverse mortgages have become a popular option for seniors who would like to reap some of the benefits of the equity they have built up in their homes. However, it's important to be aware of both the advantages and drawbacks to these loans.

How long you should retain financial records
Maryland Association of CPAs recommended guidelines you can follow.

How to protect your financial privacy
Steps you should take to keep your financial information and personal records confidential.

Tax Law Scenarios For 2011

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