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The Whitlock Company News Update              
December 6, 2011
Firm News

Small logoMitchell Roy & Wilson Merge with The Whitlock Company 

 

On November 1, 2011, The Whitlock Company welcomed five staff members and Partner Paula Wilson, CPA of Mitchell Roy & Wilson to their company. This merger will benefit both firms' clients, according to Joe Page, Managing Partner. Read more... 

Tax Credits

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New Hire Retention Tax Credit

 

This is article number five in our series of Tax Credits. As the year 2011 is coming to an end, taxpayers search for available credits to reduce their upcoming taxable income. A credit that may be overlooked is the New Hire Retention Tax Credit. You may have already taken a payroll tax credit in 2010 when some of these eligible employees were initially hired, but there's more to it. Read more...

Taxes

Services-TaxIRS Won't Tax Personal Use of Employer-Provided Cell Phone Use

 

The IRS has announced in its recent Notice 2011-72, that it will not tax employees' personal use of their employer-provided cell phones. In other words, all usage is nontaxable as long as the employer provided the phone primarily for noncompensatory business reasons. Read more...

Firm News

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Kathy Hillenburg Promoted to Partner 

 

The Whitlock Company congratulates Kathy Hillenburg on her promotion to a Partner of the firm. Kathy has been a valued member of The Whitlock Company team since 1987. Kathy currently manages multiple audits engagements for client employee benefit and retirement plans working with clients in a wide range of industries. Read more...

Taxes

Services-TaxNew Capital Gain & Loss Cost Reporting Rules for 2011   

 

by Kevin Hogan, CPA, CMA

 

Prior to 2011, your investment broker was required to report to the IRS gross proceeds you received from the sale of any security. You in turn received a Form 1099-B each January from your broker, showing the gross proceeds reported to the IRS for your prior year security sales. Come January, everything is about to change. Read more...
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

Archives - Read more from past newsletters
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Best Accounting Firms to Work For.

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...

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About Us
Small logoThe 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.

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