The internet contains valuable, as well as misleading information.  We strive to maintain up-to-date, responsible information on our website for our current and potential clients. Please do not hesitate to contact us with questions or to clarify information available through the internet or e-mail.  Latest News August 1, 2011 - The Woodlands, Texas - Planche·Politz·Ledet, LLC (PPL) Certified Pubic Accountants and Business Advisors is pleased to announce the purchase of Woodlands Bookkeeping Solutions in The Woodlands, Texas. Tracy Gibson, owner, will now join the PPL staff in The Woodlands office managed by Claire S. Hand, CPA. PPL opened its Woodlands office in 2010.  The PPL Office is located at 2203 Timberloch Place, Suite 100, in Town Center in The Woodlands, TX 77380.  For more information, call 281-296-1651 or visit us at www.pplcpa.com Tax Updates Do you pay a portion of your employees health insurance?  If so, you may be eligible for a tax credit on your current year return.  Contact us for more information and allow us to compute your tentative credit. Will you be receiving a 1099-K next year?  The Housing Assistance Tax Act of 2008 included a provision that requires card payment networks (the organizations that process credit and debit card payments) to prepare Form 1099-K on behalf of their client companies starting in 2011. This form will report the total dollar value of card transactions processed on your behalf.   The Homebuyer Assistance and Improvement Act of 2010 extended the closing deadline from June 30, 2010 to September 30, 2010.  There are special filing and documentation requirements that apply to anyone claiming the homebuyer credit.  Contact us for more information.  The recently enacted HIRE Act was designed to stimulate employment by extending the Sec 179 expensing limits, and creating a Payroll Tax Holiday, as well as a $1,000 Retained Worker credit.  For more info click HIRE Act The New Health Care Legislation will be phased in over several years.  Notably, there will be changes to what over-the-counter medications may be reimbursed through FSA and HSA plans, the threshold for deducting medical expenses on Schedule A, and a new 10% tax on Tanning Services.   For more detailed info click Health Care In 2012, there will be expanded 1099 reporting requirements affecting business owners.  The IRS is requesting public comment on these requirements.  Click www.irs.gov/newsroom/article/0,,id=225029,00.html to give your input.

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