The IRS has announced that the 2013 filing season has opened on January 30, and on its website detailed the forms that cannot be filed until a later date.
Throughout 2013, several tax bulletins and updates were released that communicate changes effective in the 2014 tax year. Changes include reduction in the corporate and personal income tax rates, the elimination of the NC Estate Tax, a cap on the state gas tax, and tax added to the sales price of a service contract. We’ve done our best to summarize and highlight the changes that may affect you or your business.
According to our latest survey of residential furniture manufacturers and distributors, new orders in December 2013 were up 5 percent over December 2012. New orders fell 13 percent from November, but orders are typically lower in December versus November. New orders in December 2012 were down 7 percent from December 2011 so December 2013 orders were actually down from 2011 levels. For the month, new orders were up over 2012 for 62 percent of the participants, down from 77 percent reporting last month.