Corporate Tax Write-Offs

proaccountability — Fri, 24 Oct 2008 17:03:49 +0000

The following is a list of items that may be deductible by your

corporation. This list is general in nature and you should always consult

a tax professional in regard to your specific situation.

· Direct Pay

· Bonus

· Moving and Relocation costs

· Placement fees

· Travel Expenses

· Paid Attendance at Professional Meetings

· Financial Counseling

· Legal Assistance

· Tax Assistance

· Business Related Education

· Licensing

· Charitable Donations

· Matching Charitable Donations

· Recreation/Gym Memberships

· Professional Dues

· Professional Memberships

· Medical Reimbursement Plans

· Outside Medical Services

· Psychiatric Services

· Corporate Medical Department

· Company Provided Auto

· •Company Provided Plane

· •Company Provided Boat

· Company Provided Apartment

· Tickets to Theatre/Sporting Events

· Home Entertainment Allowance

· Social Club Memberships

· Chauffer

· Educational Assistance and Tuition Refunds

· Scholarships for Dependents

· Dependent Care Assistance

· Long-term Care Insurance

· Welfare Benefits

· Disability Insurance

· Pension Plans

· Profit Sharing Plans

· SEPs

· Cellular Phone Costs

· Office Equipment Purchases

www.PayNoTax.net

Federal Minimum Wage Information

proaccountability — Fri, 24 Oct 2008 16:45:41 +0000

New Federal Minimum Wage:

$5.85 – July 24th, 2007
$6.55 – July 24th, 2008
$7.25 – July 24th, 2009

State Minimum Wage

Note: The rates below are for general informational purposes only and should not be used as legal or professional advice. Please contact your local state agency for more information regarding your State Minimum Wage.

The rates below are for the July 2008 increase.

State

Minimum Wage

State

Minimum Wage

$6.55
$7.15

$6.90
$6.25
$8.00
$7.02
$7.65
$7.15
$7.55
$6.79
$6.55
$7.25
$6.55
$7.75
$6.55
$7.25
$6.55
$6.55
$6.55
$7.00
$6.55
$8.00
$7.40
$5.25
$6.55
$6.65

$6.55
$6.55
$6.85
$7.25
$7.15
$6.50
$7.15
$6.55
$6.55
$7.00
$6.55
$7.95
$7.15
$6.55
$7.40
$6.55
$6.55
$5.85
$6.55
$6.55
$7.68
$6.55
$8.07
$7.25
$6.50
$6.55

*$5.25 rate are for companies w/less than $625,000 gross annual volume of sales or business. Businesses with more than $625,000 gross annual volume of sales or business will have a minimum wage rate of $6.15.
**$6.85 rate are for businesses that do not offer health insurance coverage to employees and $5.85 for businesses that offer health insurance.
***$6.65 rate are for businesses that employ less than 10 full-time employees.

Professional ACCOUNTability Weblog

Corporate Tax Write-Offs

Federal Minimum Wage Information