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MPB NEWS

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Ohio Bureau of Workers Compensation approves $1 Billion in rebates and future rate reductions. Read more on this topic here http://www.workerscompensation.com/compnewsnetwork/news/16793-oh-bwc-board-of-directors-approve-1-billion-rebate-reduction-in-private-employer-rates.html


http://www.workerscompensation.com/compnewsnetwork/news/16793-oh-bwc-board-of-directors-approve-1-bi
www.workerscompensation.com

June 5, 2013

Healthy banking relationships really do matter. Find out why in our spring edition of our Attorney’s Report Newsletter herehttp://www.mpbcpa.com/pub_page.php?section=39:


MPB & Associates Industry Publications: Newsletter 39
www.mpbcpa.com
McGill, Power, Bell & Associates quarterly publications and newsletters: Newsletter 39

May 29, 2013

Business Valuations vs. Lost Profit Calculations…which is more important? Find out in our spring edition of our Valuation Report Newsletter here: http://www.mpbcpa.com/pub_page.php?section=37


MPB & Associates Industry Publications: Newsletter 37
www.mpbcpa.com
McGill, Power, Bell & Associates quarterly publications and newsletters: Newsletter 37

May 29, 2013

Be aware that there are 2 letters being mailed to businesses that request information and a $125 payment. Here is a link to read more on this issue and protect your business today. http://www.dos.state.pa.us/portal/server.pt/community/corporations/12457/scams/1456389


Corporations
www.dos.state.pa.us
The Pennsylvania Department of State has been made aware of solicitations that are being mailed to Pennsylvania businesses from two companies: Pennsylvania Corporate Compliance Company and Corporate Records Service. These solicitations are titled "Annual Meeting Disclosure Statement" and "2013 - An...

April 24, 2013

“Check out the latest Nonprofit newsletter for great tips including learning how to use social media to increase fundraising activity, creating a financial summary that tells your Board of Directors everything they need to know about your organization’s progress, and other useful tips.” http://www.mpbcpa.com/pub_page.php?section=36


MPB & Associates Industry Publications: Newsletter 36
www.mpbcpa.com
McGill, Power, Bell & Associates quarterly publications and newsletters: Newsletter 36

April 3, 2013

The IRS released helpful information about 403(b) plans in their March 18, 2013 Edition of “Retirement News for Employers”.

http://www.irs.gov/Retirement-Plans/Retirement-News-for-Employers


Retirement News for Employers
www.irs.gov
The Retirement News for Employers is a periodic newsletter with retirement plan information for employers and business owners – and their tax advisors from Employee Plans (Tax Exempt and Government Entities (TE/GE) at the IRS).

April 3, 2013

Never again will we hear about the need for an AMT Patch

After many years of threats that without an AMT Patch, middle class taxpayers could fall under the alternative tax regime paying higher taxes, Congress has permanently boosted the AMT income exemption for 2012 with future increases indexed for inflation.
The AMT is a parallel tax system that disallows many of the deductions, exemptions and credits that taxpayers normally claim to reduce their tax liability under regular tax rules. Anyone subject to the tax must calculate their taxes under both sets of rules and pay the higher of the two calculated taxes. Read more on our website at http://www.mpbcpa.com/_pdf/ATPR.pdf


http://www.mpbcpa.com/_pdf/ATPR.pdf
www.mpbcpa.com

March 25, 2013

The 2012 Forms 990 and 990-EZ, schedules, and instructions have been revised. The following is a link which summarizes the significant changes. http://www.mpbcpa.com/pub_article.php?section=61


MPB & Associates Industry Publications: Article 61
www.mpbcpa.com
McGill, Power, Bell & Associates quarterly publications and newsletters: Article 61

March 7, 2013

Small Business Expensing & Bonus Depreciation Continue through 2013

The American Taxpayer Relief Act of 2012 extends through 2013 the enhanced Code Section 179 small business expensing of up to $500,000 of business assets, as long as total asset additions for the year do not exceed $2 million. Without this yearend extension, the expensing would have been limited to $125,000 in 2012 and only $25,000 in 2013.
Bonus depreciation which allows up to 50% of the cost of the asset purchased to be depreciated in the initial year was also extended through 2013. Read more on our website at http://www.mpbcpa.com/_pdf/ATPR.pdf


http://www.mpbcpa.com/_pdf/ATPR.pdf
www.mpbcpa.com

February 22, 2013

Charitable Deductions Still Remain Safe

The American Taxpayer Relief Act of 2012 preserved the charitable deduction. The bill placed no cap on charitable deductions, and extended for individuals 70½ or older the IRA charitable rollover of up to $100,000 through Dec. 31.

Transition rules allow IRA distribution made during December, 2012 and January, 2013 to qualify as charitable rollovers if the payment to the charity is made in January, 2013 and a proper tax election is filed with your return. Read more on our website at http://www.mpbcpa.com/_pdf/ATPR.pdf


http://www.mpbcpa.com/_pdf/ATPR.pdf
www.mpbcpa.com

February 15, 2013

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