June 2010 Client Bulletin
President Obama has signed into law the Patient Protection and Affordable Care Act of 2010 along with the Health Care and Education Tax Credits Reconciliation Act od 2010. These two new laws will dramatically change health insurance in the United States
May 2010 Client Bulletin
Many of the tax cuts passed during the George W. Bush administratin are due to expire after 2010. Although some of them may be extended to future years, high income taxpayers may face higher rates starting in 2011. If you will be affected by higher tax rates, some planning can help you trim your tax…
April 2010 Client Bulletin
A recent decision from the U.S. Tax Court (Singleton-Clarke, T.C. Summary Opinion 2009-182, 12/2/09) shows when you can sustain such a deduction.
Highlights of Key Tax Implications of the Healthcare Reform Legislation
To our clients and friends, By now you have probably heard the healthcare reform bill (Patient Protection and Affordable Care Act) was recently signed into law by President Obama on March 23rd, while the amendment to the bill (Health Care and Education Affordability Reconciliation Act of 2010) is expected to be signed in the coming…
March 2010 Client Bulletin
The IRS has announced optional standard milage rates for tax deductions in 2010. The rates are 50 cents per mile for business driving, 16.5 cents per mile for medical or moving, and 14 cents per mile for charitable volunteer work.
Local Accountants Receive Promotions
Lewis & Knopf CPAs, P.C. recently announced the promotions of Joel Gibbons and Akshay Kapoor, CPA. Gibbons, formerly a junior accountant, joined Lewis & Knopf in 2007. In his role as senior accountant, he specializes in audit services for auto dealerships and school districts. In addition, Gibbons offers tax preparation services to construction and manufacturing…
Lewis & Knopf CPAs, P.C. Announces New Managing Principal
The local certified public accounting firm of Lewis & Knopf CPAs, P.C. is pleased to announce Anita Abrol, CPA has been named Managing Principal effective January 1, 2010. “Over the years, Anita has demonstrated the leadership, motivation, people skills and financial expertise necessary to be a strong firm leader,” says Thomas Shade, CPA, former Managing…
February 2010 Client Bulletin
A tax credit offered to home buyers was extended and expanded in The Worker, Homeownership, and Business Assistance Act of 2009 (WHBA Act), so more buyers may be able to use it to cut their tax bill. If you act soon, you can use this credit to retroactively trim the tax you owe on…
Financial Sense Blog
- Tax Advantages of Qualified Charitable Distributions (QCDs)
November 18, 2025 - IRS Shifts to Paperless Refunds: What This Might Mean for You
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