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| The Whitlock Company News Update
| August 4, 2010 |
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Taxes
 2Q Update: Important Tax Updates
The following is a summary of the most important tax developments that have occurred in the past three months that may affect you, your family, your investments or your business. Click on the link below to read the top nine changes. Read more... |
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Firm News
Ranked as Top Firm for Asset Management
The Whitlock Company is pleased to announce that we have again ranked amongst the the nation's top firms, according to Accounting Today. Based on assets under management, we rank 111 out of thousands of firms operating in the United States. We are proud of the faith our clients place in us, and grateful for our exceptional, dedicated staff. Read more... |
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Taxes
Congress Readies Enhanced Small Business Tax Bill
A package of small business tax incentives, as part of the larger Small Business Jobs Act has been slowly making its way through Congress over the past several months. However, on July 29 members of the Senate effectively blocked a final vote on the act, pushing the prospects for passage of bill by both chambers of Congress into September when Congress returns from its August recess. Read more... |
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Employee Benefits  Q & A: How do I Set up a Retirement Plan for Employees of my Small Business?
Many small employers want to offer their employees the opportunity to save for retirement but are unsure of how to go about setting up a retirement plan. In this article, we'll explore three options that are widely used by small businesses: payroll deduction IRAs, SEP plans, and SIMPLE IRAs. Read more... |
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Taxes Preparing for the Possible Return of Pre-EGTRRA Individual Tax Rates
In less than six months, unless Congress acts, the individual marginal income tax rate reductions under the Economic Growth and Tax Relief Reconciliation Act of 2001 (EGTRRA) will expire.
While the timetable for addressing the EGTRRA tax cuts is not certain, the approaching sunset of the individual rate reductions, the possibility for their extension, and the fate of the limit on itemized deductions and the personal exemption phase-out will touch all taxpayers. The potential rate change makes tax planning all the more important. Read more... |
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Taxes IRS Takes Another Step Toward Implementing Controversial New Information Reporting
The IRS has taken another step forward in final implementation of sweeping information return requirements. As required by law, it has formally asked for comments from the public on how to best write the final rules with the least amount of trouble for businesses and other "reporting" entities. "Good luck in minimizing trouble," many taxpayers are already complaining. Read more... |
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Media And Resources
The Media and Resources page on our website includes Whitlock Resources that provide links to:
Info Center-Includes tax event calendar, tax forms library and IRS Tax Publications library
Financial Tools-Includes various financial planning tools, calculators and spreadsheets
Newsletter-Additional tax articles and analysis |
Save The Date Health Care Reform Seminar
Join us on Thursday September, 9th at Hickory Hills Country Club. We'll discuss what the reform means for your business. Contact us for more information. |
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About Us The Whitlock Company is a full-service CPA firm offering a range of professional tax, audit, accounting and managment advisory services to the following industries:Community Banking, Manufacturing and Distribution, Not-For-Profits, Higher Education and more. For more information, please contact us.
We appreciate your referrals. If you know of a company, organization or individual who may benefit from our services, please let us know. |
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