http://www.sksm.com SKSM Tax News Sat, 01 Oct 2011 17:17:02 GMT http://www.sksm.com/taxnews.php <p>There are new mileage rates for remainder of 2011. 55.5 cents for business and 23.5 cents for medical and moving. </p> 2011-10-25 00:00:00 http://www.sksm.com/taxnews.php <p>The enhanced 1099 reporting that was going to take effect for businesses and rental properties has been repealed. Therefore, the 1099 reporting requirements for 2011 are the same as they have been for many years. </p> 2011-10-25 00:00:00 http://www.sksm.com/taxnews.php <p>Small businesses with less than 25 employees may quality for a credit if you offer health insurance to your employees and are paying at least 50% of the premiums. </p> 2011-10-25 00:00:00 http://www.sksm.com/taxnews.php <p>The California New Jobs Credit is still available for those employers who had 20 or fewer employees in 2009 and added new employees for 2010. </p> 2011-10-25 00:00:00 http://www.sksm.com/taxnews.php <p>A court has recently concluded that an S corporation owner's $24,000 salary was unreasonably low. This case shows the importance of taking a reasonable salary. See SKSM letters on our website for more info. </p> 2011-10-25 00:00:00