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Tuesday, October 30, 2012

Facing the tax cliff

A surprising number of tax changes loom as year end approaches. BY ALISTAIR M. NEVIUS, J.D. NOVEMBER 2012 You can’t pick up a newspaper or go online this fall without seeing stories about the coming “tax cliff” or “taxmageddon”—the time at the end of this year when the current tax rates for income, capital gains, gifts, and estates are scheduled to expire. Mostly overlooked by the news media are a large number of other tax provisions that are also scheduled to expire or have already expired. http://www.journalofaccountancy.com/Issues/2012/Nov/20126172.htm

Friday, October 19, 2012

Inflation Driven Tax Benefits

Tax Benefits Increase from Inflation Adjustments WASHINGTON, D.C. (OCTOBER 18, 2012) BY MICHAEL COHN The Internal Revenue Service said Thursday that more than two dozen tax provisions will be adjusted for inflation for tax year 2013. http://www.accountingtoday.com/news/Tax-Benefits-Increase-Inflation-Adjustments-64361-1.html?ET=webcpa:e6211:85046a:&st=email

Wednesday, October 17, 2012

Retirees to get 1.7 percent cost-of-living hike in their Social Security benefits

By Erik Wasson - 10/16/12 09:55 AM ET The Social Security Administration announced Tuesday that retirees will see only a 1.7 percent cost-of-living adjustment (COLA) in their benefits next year. http://thehill.com/blogs/on-the-money/budget/262213-small-social-security-increase-puts-spotlight-on-program

Wednesday, October 03, 2012

ADP September Employment Report

The ADP National Employment Report September 2012 Report Employment in the U.S. nonfarm private business sector increased by 162,000 from August to September, on a seasonally adjusted basis. The estimated gains in previous months were revised lower: the July increase was reduced by 17,000 to an increase of 156,000, while the August increase was reduced by 12,000 to an increase of 189,000. Employment in the private, service-providing sector expanded 144,000 in September, down from 175,000 in August. Employment in the private, goods-producing sector added 18,000 jobs in September. Manufacturing employment rose 4,000, while construction employment rose 10,000, the strongest since March when mild winter weather was boosting construction activity. The financial services sector added 7,000 jobs in September, marking the fourteenth consecutive monthly gain. http://www.adpemploymentreport.com/