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Feb 05
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Firm History

FIRM HISTORY
 
 Since our first year of business in 1932, our firm has accepted the changes that are the outgrowth of adopting new technologies. These changes have kept us well equipped and knowledgeable. But what hasn't changed at Linkenheimer LLP CPAs & Advisors is our core commitment to long-term relationships with our clients, to working side-by-side with them to help make their businesses succeed in a complex world of change, increasing demands and more competition than ever. We recognize that supporting this success depends on our ability to identify problems and provide value-added solutions. Thanks to our clients' long-lasting trust, we have grown to be one of the North Bay's largest public accounting firms.
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Newsflash

Major Tax Changes Under Consideration

Major changes to the Tax Code proposed within the course of the most recent deficit debate include:

INDIVIDUALS:
  • Three individual income tax brackets, as low as 8, 14 and 23 percent.
  • Reduction of favored treatment for capital gains and dividends
  • Repeal of the alternative minimum tax (AMT)
  • Reduction of key deductions such as mortgage interest, charitable contributions and medical coverage expenses
  • Repeal of deductions for state/ local taxes and all misc. itemized deductions

BUSINESS:

  • A single corporate income tax rate, as low as 23 percent
  • Reduction in key business deductions/ incentives such as the SEC 199 production activity deduction, LIFO and oil/ gas benefits
  • Switch from a worldwide to a territorial based international tax system
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