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Online Tax and Business Alert Homepage

The goal of the Maginnis & Carey Tax and Business Alert is to provide you with current articles on various tax and business topics. The articles are intended to keep you up to date on trends and issues that may impact your business and personal financial affairs.  Please contact us if you have questions about any of the issues discussed.

What Health Care Reform Means For Your Business:

Health care reform is now the law of the land and nearly every individual and business in the U.S. will be affected by the new law's provisions.  See full article.

Measure 66 & 67 Tax Information:

Oregon voters recently passed Measures 66 and 67, thereby confirming increases in Oregon taxes that were passed by the Oregon Legislature in 2009.  We have received many questions on this subject, and so we are providing this general summary for everyone who wants to know how these important changes will affect them and their businesses in Oregon.  See full article.

Workers Classification Issues:

One of the most common areas of contention between the IRS and businesses is the issue of worker classification. If a worker is an employee, the business is responsible for payroll taxes and fringe benefits. See full article.

Business Owner's Relatives May Qualify for New Tax Breaks:

The Hiring Incentives to Restore Employment Act (the HIRE Act) includes two temporary payroll tax breaks intended to boost hiring. See full article.

Volkswagen Hybrid Vehicle Credit Phases Out:

The Alternative Motor Vehicle Credit phases out once the manufacturer sells 60,000 qualifying vehicles. See full article.

Closed-end Fund Information Website:

A closed-end fund, like a mutual fund, is a corporate entity that is normally a regulated investment company. Unlike mutual funds, the capitalization of a closed-end fund is fixed at a given level. See full article.

Donating a Life Insurance Policy to a Charity:

Many people would contribute more to charity if they could afford it. One often overlooked asset that could be donated to charity is a life insurance policy that is no longer needed for its original intended purpose. See full article.

 

 

 

 

 
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