Earlier today, the U.S. Department of Labor published weekly unemployment insurance statistics, including data for New Jersey through the week ended May 5, 2012.

Over the past ten years, depreciation laws have changed on a near-annual basis. Failure to apply these changes correctly may have a significant impact on your organization’s taxable income. Bonus depreciation was reinstated, retroactive to January 1, 2010, by the Job Creation Act of 2010 and the Tax Relief, Unemployment Insurance Reauthorization and Job Creation Act of 2010.

The year 2012 began with the fate of the Bush-era tax cuts uncertain, and no resolution appears in sight. Democrats and Republicans remain far apart on whether to extend all or some of the Bush-era tax cuts and other tax incentives scheduled to sunset after 2012.

Earlier today, the U.S. Department of Labor published weekly unemployment insurance statistics, including data for New Jersey through the week ended April 28, 2012.

Ohio enacted a general tax amnesty program (“Program”) to provide an incentive to delinquent taxpayers to resolve past due tax liabilities. The Program runs from May 1, 2012 through June 15, 2012. Any taxpayer with Ohio sales who is not currently filling a Commercial Activity Tax (“CAT”) return or who may have other potential past due taxes, as described below, should consider participating in the Program.

The make-up of not-for-profit boards has evolved from one of ceremonial donors seeking to enjoy the collegiality of their fellow directors during once or twice a year meetings to one of astute members whose responsibilities and risks are equivalent to, and sometimes more challenging than, for-profit boards.

On April 19, 2012, the United States Treasury Department released Final Regulations (TD 9584) regarding the reporting of interest paid to non-resident alien individuals (“NRAs”) by U.S. offices of certain financial institutions.

On Friday, May 4, the U.S. Department of Labor announced that the U.S. economy added 115,000 jobs in April. Unemployment falls to 8.1 percent, from March’s rate of 8.2 percent.

Earlier today, the U.S. Department of Labor published weekly unemployment insurance statistics, including data for New Jersey through the week ended April 21, 2012.