Author Archives: Trey Whitt

About Trey Whitt

I am a CPA and tax professional with the firm of Dent, Baker & Company, LLP serving closely-held businesses and individuals in Birmingham, Alabama and surrounding areas. I primarily focus on professional services industries that include medical practices, dental practices, engineering firms, and advertising agencies.

An Overview of the Medicare Surtaxes

As we wind down 2011, we are already beginning to take a look at 2013 with tax planning in mind. Why? Absent any legislative tinkering to the tax code in this upcoming election year, nearly all taxpayers can expect a … Continue reading

Posted in Federal Deficit Reduction, Federal Tax Legislation, Healthcare Reform, Taxation | 1 Comment

Our Take on the Herman Cain 9-9-9 Plan

Herman Cain and his 9-9-9 Plan have received considerable attention over the past several weeks. Cain’s plan has been lauded for its simplicity and transparency while at the same time derided for its lack of detail and the perception that … Continue reading

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Tax Summary: The American Jobs Act

Last week President Obama unveiled The American Jobs Act, a multi-faceted plan to boost the nation’s employment. Here are the tax provisions included in the proposal: Employer Payroll Tax Cut For 2012, the American Jobs Act would cut the employer … Continue reading

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2009 Jefferson County Occupational Tax Refund Update: Employer Reporting Extension Granted

According to The Birmingham News, the judge presiding over the 2009 Jefferson County Occupational Tax refunds has granted an extension for employers to report the employment data required by the Special Administrator to compute employee refunds. The extended deadline is … Continue reading

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The Tax Case for Investing in Your Business Now

Businesses can deduct most asset purchases over periods ranging from 3 to 15 years. However, in recent years, businesses have been able to deduct most, if not all, of the cost of these same assets in Year 1 thanks to … Continue reading

Posted in Cash Flow Management, Federal Deficit Reduction, Federal Tax Legislation, Taxation | Tagged , , , | Leave a comment