Jannsen + Company
An Accounting, Information Technology, Wealth Management, Human Resources and Payroll Processing firm located in Pewaukee, WI.
On Feb. 17, Congress passed an extension of the payroll tax cut and long-term jobless benefits. The Senate approved the bill on a 60-36 vote and earlier the House approved the bill on a 293-132 vote. President Obama is expected to sign the bill.
The extension will maintain the current cut in the payroll tax rate from 6.2% to 4.2% through the end of the year. This is a savings of about $1,000 for the average family. The employer portion remains at 6.2%.
Long-term unemployment benefits will be extended through 2012 and the bill will also avert a 27 percent cut in payments to doctors who treat elderly Medicare healthcare patients.
QUOTE OF THE WEEK: “In times of rapid change, experience could be your worst enemy.” – J. Paul Getty CONSUMER PRICES UP 0.2% FOR JANUARY Major factors in this increase in the Consumer Price Index include a 0.9% rise in the price of clothing as well as rising rents and healthcare costs. Core CPI [...]
QUOTE OF THE WEEK: “A successful person is one who can lay a firm foundation with the bricks that others throw at him or her.” – David Brinkley WILL THE MORTGAGE ACCORD BRING MUCH RELIEF? While the $25+ billion settlement reached last week between five large mortgage servicers and 49 states was momentous, it [...]
Through a unified managed account (UMA), you can benefit from a customized investment strategy with the opportunity for additional benefits of active tax management. With a UMA, your financial advisor can carefully align tax and investment strategies to meet your unique needs. Find Out More Here (PDF)
QUOTE OF THE WEEK: “If you would be loved, love and be lovable.” – Benjamin Franklin JOBLESS RATE DOWN TO 8.3% Are we seeing a trend here? The unemployment rate has now fallen 0.8% in the last six months. We haven’t seen a descent this sharp and swift since 1984. January hiring blew away [...]
The frenzy is building. Should you care? Anticipation is high. Facebook filed an S-1 form with the Securities and Exchange Commission on February 1, taking its first big step toward going public. It aims to raise $5 billion through its upcoming IPO. Some of the details from the S-1 form: Facebook’s revenue climbed from $777 [...]
In today’s banking environment, obtaining or keeping financing can be difficult. However, there are ways to improve your financing and your relationship with your banker. Most companies periodically provide a financial statement for a banker. However, the assumption is made that the banker understands the company’s industry, challenges, ownership structure and use of the loan. [...]
QUOTE OF THE WEEK: “Judge each day not by the harvest you reap but by the seeds you plant.” – Robert Louis Stevenson ECONOMY GROWS 2.8% IN Q4 While this is the best GDP reading since Q2 2010, the initial estimate from the Bureau of Economic Analysis still disappointed the markets. Many economists and investors [...]
Which device works better for your current situation? Tablets, laptops and desktop computers have their own advantages and disadvantages, which need to be weighed based on the desired functionality. The best way to determine what would work best for you is to determine your day-to-day needs. To start off with, lets discuss desktops. Desktops offer [...]
Meeting your obligations and finding some opportunities. After you turn 70½, the IRS requires you to withdraw some of the money in your retirement savings accounts each year. These withdrawals are officially called Required Minimum Distributions (RMDs).1 While you never have to make withdrawals from a Roth IRA, you must take annual RMDs from [...]
