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Health care Flexible Spending Accounts (FSAs) allow employees to redirect pretax income to an employer-sponsored benefit plan that pays, or reimburses them for, qualified medical expenses not covered by health…
Turn your business loss into a tax gain! If during the income tax return filing year, you found that your business had a net operating loss for the year, the news at tax…
Could the Tax Deduction of State and Local Sales Taxes Save You Money? For the last several years, taxpayers have been allowed to take an itemized tax deduction for state…
Update Your Flexible Spending Account Now Health care Flexible Spending Accounts (FSAs) allow employees to redirect pretax income to an employer-sponsored plan that reimburses them for qualified medical expenses not…
What to do with your old retirement plan when you change jobs. First and foremost, don’t take a lump-sum distribution from your old employer’s retirement plan. It generally will be…
Additional Tax Benefits of Travel Are you thinking about combining a business trip and a family vacation this year? This is a great way to fund a portion of your…
Adjusting rental vs. personal use might save taxes With summer drawing to a close, if you own a vacation home that you both rent out and use personally, it’s a…
The Fiduciary Responsibilities of the Board Fraud happens everywhere, in all industries and in companies of all sizes, and research by the Association of Certified Fraud Examiners (“ACFE”) shows that…
Employers Need to Watch Additional Medicare Tax In 2013 the Affordable Care Act (ACA) added an additional 0.9% Medicare tax on the excess earnings. Taxpayers with FICA wages over $200,000…
The Affordable Care Act – Offer sufficient coverage or pay the penalty Are you a “large” employer? Your time is running out to get prepared for the Affordable Care Act’s shared responsibility…