• Ballgames – can you deduct?

    Now that the NBA fiasco is settled, can you deduct the cost of tickets? The answer is YES either as (1) business entertainment or (2) a business gift. If you attend the game with the business client, the cost of the tickets can be deducted only as business entertainment. To qualify, the entertainment must be “directly related to”…

  • Unemployment Tax (Florida) Increase for 2011

    State of Florida will be increase the minimum state unemployment tax rate. The current minimum rate of 0.36% will nearly triple to 1.08%. […]Read More… from Unemployment Tax (Florida) Increase for 2011

  • WHAT IS HIGH DEDUCTIBLE HEALTH PLAN

    For 2011, the health plan will have a minimum annual deductible of $1,200 for single coverage and $2,400 for family coverage. The annual out-of-pocket maximum is no more than $5,950 for single coverage and $11,900 for family coverage. […]Read More… from WHAT IS HIGH DEDUCTIBLE HEALTH PLAN

  • HSA 2011 Contributions

    2011 Maximum HSA ContributionsIndividual contribution$3,050Family contribution$6,150Catch-up contribution (over age 55 and not enrolled in Medicare)$1,000 The IRS has determined that the change in inflation was not significant enough to result in adjustments to the 2011 limits on Health Savings Account contributions. Also, see WHAT IS HIGH DEDUCTIBLE HEALTH PLAN […]Read More… from HSA 2011 Contributions

  • 2012 Social Security Increase

    Social Security benefits to go up 3.6% in 2012 Social Security payments will rise 3.6% in January, the first cost-of-living adjustment in three years. However, an expected increase in Medicare Part B premiums is expected to cancel out at least some of the COLA. CNNMoney.com […]Read More… from 2012 Social Security Increase

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