Chairman's Corner - Tom Beard

GHD IconAs we welcome the arrival of an early spring, we also see signs of economic spring on the horizon for Southeast Michigan and the nation. The Federal Reserve Governors believe the debt crisis is fading, employment reports show some hope, and quarterly economic data are demonstrating signs of growth.

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Team NewsTeam News
Again this year GHD team members prepared income tax returns for low income people for free. In partnership with the Accounting Aid Society, GHD's Barney Kilbride was the lead person coordinating a group of our 1040 preparers to volunteer their services.
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Face AMT Head-OnTax News - Face the Alternative Minimum Tax (AMT) Head-On
The alternative minimum tax (AMT) - often called a "stealth tax" - snares unsuspecting or uninformed taxpayers each year. With a better understanding of the rules, you may be able to avoid or reduce adverse tax consequences.
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New Foreign Investment Reporting RequirementTax News - New Foreign Investment Reporting Requirement
New form alert! If you own foreign investments, you may have an additional federal tax filing requirement this year.
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Payroll Tax Cut Extended Through 2012Tax News - What's New: Payroll Tax Cut Extended Through 2012
Congress passed an extension of the 2% payroll tax cut that had been scheduled to expire at the end of February. The extension means 160 million working Americans will continue to pay social security tax on their wages at a 4.2% rate for the rest of 2012, rather than at a 6.2% rate..
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Diversify Investments by Putting a Focus on Taxes Tax/Wealth Management News - Diversify Investments by Putting a Focus on Taxes
Savvy investors often spread their risks by investing in a variety of asset classes such as stocks, bonds, commodities, and real estate. But with a changing tax landscape, investors might consider three more classes: taxable, tax-deferred, and tax-free.
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Godfrey, Hammel, Danneels & Company, PC Certified Public Accountants and Business Consultants 21420 Greater Mack Avenue
St. Clair Shores, MI 48080
www.ghdcpa.com
Phone: 586-772-8100

 

Required Disclaimer Under IRS Circular 230: Internal Revenue Service regulations require us to notify the recipient that any U.S. federal tax advice provided in this communication is not intended or written to be used, and it cannot be used, by the recipient or any other taxpayer for the purpose of avoiding tax penalties that may be imposed upon the recipient or any other taxpayer, or in promoting, marketing or recommending to another party, a partnership or other entity, investment plan, arrangement or other transaction addressed herein.