As we get ready for the 2017 filing season, there is hope that the year will be better. One reason is because the 2017 filing season will involve new due dates, a result of years of advocacy by the accounting profession. Partnerships – Form 1065 Business entities such as partnerships or multi-member LLC’s that file […]
New Filing Dates for Some Tax Returns in 2017 Read More »
Individuals Health Insurance Coverage Penalties Penalties are assessed for each month that any individual does not have the minimum essential health insurance coverage (Obamacare). In 2016 the penalty increases to $695 per adult, or 2.5% of income with a family maximum of $2,085. Canceled Debt on Qualified Principal Residence Debt cancelled from short sale, foreclosure, or
Some Important Tax Changes for 2016 Read More »
Below are some tips that can still save you money for 2016 1. Sell investments showing a loss to offset gains A key year-end strategy is called “loss harvesting” –selling investments such as stocks and mutual funds to realize losses. You can then use those losses to offset any taxable gains you have realized during
5 Year End Tax Tips for 2016 Read More »
Too much debt, not enough money, kids, marriage and the list can go on. There are a lot of reasons that you may be feeling some financial stress. It is one of the largest stressors on relationships. When you are stressed out it affects other aspects of your life. You may have a hard time
5 Ways to Stop Stressing About Your Finances Read More »
Traditions are important in companies just as they are in families. And, Halloween is one of the best holiday traditions to establish and to celebrate at work. Halloween has climbed right up the holiday charts and is now the second most popular holiday, second only to Christmas, so it’s popular with employees, too. Celebrating Halloween
Celebrate Halloween at Work Read More »
Autumn is upon us, and if you chose to file a tax extension this year, October 15 is your target date…your zero hour…your deadline. Your six-month grace period is coming to an end. If it feels as though the past few months have flown by, don’t fret, there is still time to submit your tax
Tax Extension Deadline Is Oct. 15: Three Last-Minute Reminders Read More »
What differentiates those that fail from those that become raging successes? The unfortunate reality is that a lot of businesses fail. What differentiates those that fail from those that become raging successes? Certain traits and habits help business owners beat the odds and build highly successful companies. Here’s a look at the top 10: They dream
10 Habits of Highly Successful Small Business Owners Read More »
What is a Roth IRA? A Roth IRA is a type of individual retirement savings account — similar to traditional IRAs and 401(k) plans. Like other retirement savings plans, investment income earned is not taxed, and there are penalties for taking money out early from the plan. What is distinctive about Roth IRA accounts is
Tax Benefits of Roth IRA? Read More »
Did You Know? The IRS reminds people that they can know pretty easily when a supposed IRS caller is a fake. Here are five things the scammers often do but the IRS will not do. Any one of these five things is a tell-tale sign of a scam. The IRS will never: Call to demand
IRS Identifies Five Easy Ways to Spot Suspicious Calls Read More »
It is summertime and the kids are out of school so it is a good time to hire them to work for you. The benefits are enormous. Here are six. Your child can develop a work ethic You can teach your child, from a relatively young age, the importance of having a job, having a boss and
Six Reasons to Hire Your Kid Read More »
