September 2010 Newsletter

Planning Your Financial Future
September 2010
September is on its way, along with cooler days and nights, and…..homework.  Yes, back to school has arrived.  Be on the look-out for the school buses, and the children running to catch them.

 


 

Year-End Tax Planning–Special Concerns for 2010
Year-end tax planning is as much about 2011 as it is about 2010. Often, there’s a real opportunity for year-end tax savings when you can predict that you’ll be paying taxes at a lower rate in one year than in the other. Of course, to effectively plan, it helps to have a good idea of what next year’s tax rates will be. Unfortunately, as 2010 draws to a close, 2011 brings some uncertainty in that regard.

 


 

Health-Care Reform Creates Small Business Tax Credit
Beginning this year, if you’re a small business employer, you may be able to take advantage of the small business tax credit provided by the new health-care reform legislation.

 


 

How Will Financial Reform Affect You?
Though the bulk of financial reform legislation is aimed at Wall Street, how will this legislation affect consumers?

 


 

Will the new health-care law affect my Medicare drug plan?
Yes, it might. Many Medicare Part D beneficiaries have had to pay for prescriptions out-of-pocket after reaching a gap in their annual coverage, referred to as the “donut hole.”
Does the new health-care reform law affect health spending accounts?
Yes. The new health-care reform legislation impacts flexible spending arrangements, health reimbursement arrangements, health savings accounts, and Archer Medical Savings Accounts.
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