http://fratico.com/ Take a look at our recent blog posts and client newsletter articles. en-us Tue, 08 May 2012 09:00:00 -0500 Tue, 08 May 2012 09:00:00 -0500 http://www.fratico.com/blog.php?id=17 The IRS is required by law to adjust certain tax numbers each year. Here are some of the adjusted numbers you'll need for your 2012 tax planning. Read more. Tue, 08 May 2012 09:00:00 -0500 http://www.fratico.com/blog.php?id=17 http://www.fratico.com/blog.php?id=16 Did you know there's a way to get goods and services you need for your business without using up your company's cash? Read more. Tue, 01 May 2012 09:00:00 -0500 http://www.fratico.com/blog.php?id=16 http://www.fratico.com/newsletter.php#2 If you're cringing because you haven't filed a 2011 tax return yet, don't worry. It's not too late, and it's not as hard as you may think. Tue, 01 May 2012 09:00:00 -0500 http://www.fratico.com/newsletter.php#2 http://www.fratico.com/newsletter.php#4 Would you like to legally deduct every dime you spend on vacation this year? The five strategies outlined in this article will show you how. Tue, 01 May 2012 09:00:00 -0500 http://www.fratico.com/newsletter.php#4 http://www.fratico.com/newsletter.php#1 When you hire someone to work around the house or baby-sit your children, do you need to pay tax for them? Keep reading to find out. Tue, 01 May 2012 09:00:00 -0500 http://www.fratico.com/newsletter.php#1 http://www.fratico.com/newsletter.php#3 Tue, 01 May 2012 09:00:00 -0500 http://www.fratico.com/newsletter.php#3 http://www.fratico.com/blog.php?id=15 Taxpayers who are struggling to pay their taxes may get some relief from the IRS?s expansion of its "Fresh Start" initiative, a program started back in 2008. The new Fresh Start provisions provide penalty relief to the unemployed and make installment agreements on taxes owed available to more people. Read more. Tue, 24 Apr 2012 09:00:00 -0500 http://www.fratico.com/blog.php?id=15 http://www.fratico.com/blog.php?id=14 Are you receiving a tax refund this year? No doubt you've already heard the standard admonishment about why you should not be giving the government an interest-free loan. Maybe you've decided to "do better" during 2012 by revising your withholding or estimated tax payments to reduce the amount of next year's refund -- or maybe you haven't. Read more. Thu, 12 Apr 2012 09:00:00 -0500 http://www.fratico.com/blog.php?id=14 http://www.fratico.com/blog.php?id=13 If you reached age 70½ last year, April 2, 2012, could be an important deadline. That's the last day you can take your required minimum distribution (RMD) for 2011 from your traditional IRAs. If you miss that deadline, the penalty could be a 50% excise tax on the amount you should have withdrawn. Read more. Thu, 29 Mar 2012 09:00:00 -0500 http://www.fratico.com/blog.php?id=13 http://www.fratico.com/blog.php?id=12 You're probably getting ready to sort out last year's financial records and prepare for this year's recordkeeping. But what should you keep and what can you throw away? Here are some suggestions. Read more. Sun, 11 Mar 2012 10:00:00 -0500 http://www.fratico.com/blog.php?id=12 http://www.fratico.com/blog.php?id=11 If you own foreign investments, you may have an additional federal tax filing requirement this year. Read more. Mon, 27 Feb 2012 09:00:00 -0600 http://www.fratico.com/blog.php?id=11 http://www.fratico.com/blog.php?id=10 Health care legislation passed in 2010 included a tax credit for small businesses that provided health care coverage for their employees. Recent surveys have shown that the majority of small companies that could qualify for the credit have failed to take it. Read more. Thu, 16 Feb 2012 09:00:00 -0600 http://www.fratico.com/blog.php?id=10 http://www.fratico.com/blog.php?id=9 Last December, the 4.2% social security tax rate that workers pay on wages was extended through February 29, 2012. Read more. Sat, 11 Feb 2012 09:00:00 -0600 http://www.fratico.com/blog.php?id=9 http://www.fratico.com/blog.php?id=8 If you?ve given up itemizing deductions, you?re not alone. These days over half of all taxpayers find they?re better off using the standard deduction. But even if you take the standard deduction, you can also deduct some individual expenses on your 2011 tax return, including the following: Read more. Wed, 01 Feb 2012 09:00:00 -0600 http://www.fratico.com/blog.php?id=8 http://www.fratico.com/blog.php?id=7 If you're a small business or a self-employed individual who needs answers to tax questions, educational materials or tools to help you run your business, check out the IRS's Small Business and Self-Employed Tax Center. Fri, 27 Jan 2012 09:00:00 -0600 http://www.fratico.com/blog.php?id=7 http://www.fratico.com/blog.php?id=6 The Massachusetts Department of Revenue has issued information announcing the penalties for individuals who fail to comply with the requirements under the Massachusetts Health Care Reform Act. The penalties, which will be imposed through an individual's personal income tax return, apply to each month in which an individual lacks minimum creditable coverage. Tue, 17 Jan 2012 09:00:00 -0600 http://www.fratico.com/blog.php?id=6 http://www.fratico.com/blog.php?id=5 No matter what type of work you do, there's always something new to learn ? and when your education is related to your current job, you may be eligible for tax breaks in addition to the satisfaction of increasing your knowledge. Sat, 14 Jan 2012 09:00:00 -0600 http://www.fratico.com/blog.php?id=5 http://www.fratico.com/blog.php?id=4 The American Payroll Association (APA) has issued a press release title 5 Tips for Businesses to Avoid Compliance Penalties When Paying Contractors that includes the following basic tips on how to avoid IRS penalties when paying independent contractors Wed, 11 Jan 2012 09:00:00 -0600 http://www.fratico.com/blog.php?id=4 http://www.fratico.com/blog.php?id=3 A summary of the most important tax developments that have occurred in the past three months that may affect you, your family, your investments, and your livelihood. Tue, 10 Jan 2012 09:00:00 -0600 http://www.fratico.com/blog.php?id=3 http://www.fratico.com/blog.php?id=2 Here are five suggestions for the coming year to help you achieve your financial goals. Thu, 05 Jan 2012 09:00:00 -0600 http://www.fratico.com/blog.php?id=2 http://www.fratico.com/blog.php?id=1 Important tax tips - Re-posted from IRS.gov Wed, 04 Jan 2012 09:00:00 -0600 http://www.fratico.com/blog.php?id=1