IRS releases business standard mileage rate for 2012 The business standard mileage rate, which many employers use to
reimburse employees for business miles driven, is 55.5
cents-per-mile for 2012, the IRS has announced. This reflects
no change from ...
IRS reminds dual citizenship taxpayers to report foreign accounts The IRS recently reminded dual citizenship taxpayers and U.S.
citizens residing abroad to file U.S. income tax returns and, if
appropriate, Form TD F 90-22.1, Report of Foreign Bank and
Financial A...
IRS revises regulations for capitalization of tangible assets Just before year-end 2011, the IRS issued much-anticipated revised
regulations on the capitalization of tangible assets. The IRS
withdrew proposed regulations issued in 2008 and issued temporary
an...
IRS updates Form 940 for mid-year expiration of FUTA surtax The IRS has updated Form 940 to reflect the mid-year 2011
expiration of the 0.2 percent FUTA surtax. FUTA taxes for 2011 will
be calculated using two rates, the IRS explained.Mid-yea...
OH - InvestOhio program registration period begins The Ohio Department of Development reminds taxpayers that
registration for the InvestOhio program, which provides for a
personal income tax credit for eligible investors, begins No...
The Hanna Building, Suite 11041422 Euclid AvenueCleveland, Ohio 44115 216-781-4300ALERT!
Congress has extended, temporarily, the reduction in Social Security withholding. The withholding rate from employees’ wages will remain at 4.2% through at least, February 29, 2012.
Watch here for further updates.
Welcome to the Baumgarten & Company website!
Today, more than ever, you need advisors who go beyond the basics. The team at Baumgarten & Company take pride in the work we do for our clients to develop strong business strategies and explore creative ideas that will provide long-term benefits for your financial future. We strive to minimize your current and future tax liabilities, as well as taking you through the necessary steps to help you grow your business and personal net worth. We encourage regular interaction between our team members and our most important asset - our clients!
We have created this website to keep you up-to-date and informed. Please take time to browse our site and get to know us. You will discover a different kind of accounting firm. - one that provides all of the traditional accounting and tax services with results-oriented business advice and great personalized service.
Contact us today to see how we can help you build your net worth and assure your financial future.
