First Tax Service Inc.

http://www.firsttaxservice.com//it8217s-tax-time-are/38558

Tax Breaks for Small Businesses

Effective July 1st, California Statewide Sales and Use Tax Rate is set to DECREASE by 1 PERCENT. woot woot!! what would you do with the saving? more shopping? more dining? we can talk about your spending habits too you know =)

Does college make you smarter? Well, if you study accounting, the answer is of COURSE! But, since most people don't, I suppose I can understand the debate... http://www.nytimes.com//01/24/does-college-make-you-smarter

There are still some great tax deductions to be had before year-end. Winterizing your home, for one -- but it's a bit tricky to ensure the paperwork is right, so drop us a note. And, of course, we can give you guidance on more year-end moves. We're in your corner!

If you or anyone of your friends own rental property, a little-noticed provision of the Small Business Jobs Act makes it so that rental property owners have to issue 1099's (and other paperwork) starting THIS January. Send your friends our way to make sure they don't get audited!

"The IRS is already 'greatly taxed' by the additional role it is playing in delivering social benefits and programs to the American public." Pun intended? http://online.wsj.com//SB100014240527487045189045753652230

I know of many clients and friends taking vacations this month, some of them traveling--perhaps in search of *cooler* weather! How about you? Any plans, fulfilled or in the works, for this summer? I'm interested to hear! (Have a great weekend, everyone.)

"Failure is simply the opportunity to begin again; this time more intelligently." - Henry Ford

Washington, DC is number 1 on this list. What does that say about our national economy? http://www.thedailybeast.com//20-highest-earning-cities-i/