This is the second article in our tax credits series. The Work Opportunity Tax Credit (WOTC) was a federal tax credit designed as an incentive to employers to hire individuals in certain targeted groups. These groups have consistently experienced high rates of unemployment due to a variety of employment barriers. The WOTC applies only to new employees and only first-year wages. Read more...

Tips for 2011 Year-End Tax Planning for Businesses

Many tax benefits for business will either expire at the end of 2011 or become less valuable after 2011. Two of the most important benefits are bonus depreciation and Code Sec. 179 expensing. Both apply to investments in tangible property that can be depreciated. Other sunsetting opportunities might also be considered. Read more...

by Chris Griesemer, IT Security Specialist 

The American Jobs Act of 2011  

Washington Debates Raising Taxes on Higher-Income Taxpayers to Cut Deficit and Fund Jobs Program

Autumn 2011 in Washington, D.C. is expected to be a season of contentious debates over tax reform, and at the heart of the debate is the amount of taxes paid by higher-income individuals. President Obama wants Congress to raise taxes on higher-income individuals to help reduce the federal government's budget deficit and to pay for a jobs program. Many lawmakers, especially Republicans, are opposed to any tax increases. Read more...

The Whitlock Company was recently named as one of the 2011 Best Accounting Firms to Work For by Accounting Today. This is the fourth year in a row to receive this award. Read more...