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IRS announces business vehicle deduction limits for 2012

The IRS has published depreciation limits for business vehicles first placed in service this year. Because 50% bonus depreciation is allowed only for new vehicles, these limits are different for new and used vehicles. * For new business cars, the first-year limit is...

Understand the Time Value of Money

When making financial decisions, do you consider the time value of money? If you have a basic understanding of time-value concepts, you’ll be able to make better choices in many business and personal financial situations. * Here’s an example. Say you want to sell a...

Be Smart With Your Tax Refund

Are you receiving a tax refund this year? No doubt you’ve already heard the standard admonishment about why you should not be giving the government an interest-free loan. Maybe you’ve decided to “do better” during 2012 by revising your...

Indiana Governor Has Signed Inheritance-Tax Bill

Governor Mitch Daniels signed a bill (SB 293) on March 20th to phase out Indiana’s inheritance tax. Earlier this month, legislators approved a measure that will decrease the inheritance tax in stages beginning next year until it is eliminated after 2021. In...