Estate Planning – Does it still matter?
Estate planning isn't just for the rich and famous. Many people mistakenly think that they don't need an estate plan anymore because of the latest tax law changes. While it's true that the Tax Cuts Read More
Oct 29, 2019
Prepare to Receive a Social Security Administration No-Match Letter
The SSA explains that it's seeking to reconcile discrepancies between the names and Social Security Numbers (SSNs) it has on file with the names and SSNs that employers report. The purpose isn't to support enforcement Read More
Oct 15, 2019
Tax Planning Strategies to Reduce AGI
Reducing your current-year adjusted gross income (AGI) is usually a tax-smart idea. Here are ten tax planning strategies to reduce your AGI (and modified AGI) over the short and long run. Closeup on AGI Read More
Oct 15, 2019
New Overtime Pay Rules Finalized for 2020
The U.S. Department of Labor (DOL) has issued the long-anticipated final version of its overtime eligibility rules. The changes will take effect on January 1, 2020. As a result, the DOL estimates that 1.3 million Read More
Oct 15, 2019
Guidance on Independent Contractor Status
The so-called "gig economy" challenges conventional practices between companies and the people who perform the work. A key question is: Are these workers an independent contractor or employee? The U.S. Department of Labor (DOL) recently Read More
Jul 19, 2019
Tax Breaks for Home Improvements
Are you planning to make substantial renovations to your home? You may be adding a deck or patio, finishing a basement or attic or installing a pool. Despite some changes in the Tax Cuts and Read More
Jul 19, 2019
Navigate the Tax Rules for Boats and RVs
Will you be cruising the waters on your boat or camping out in your RV this year? Besides the pleasure you can enjoy through your personal property, you may also be eligible for tax breaks, Read More
Jun 06, 2019
Records Retention Guidelines to Remember During Spring Cleaning
Warm weather and rainy days bring the urge to purge. But before you clean your file cabinets or declutter your computer files, it's important to review these records retention guidelines. Federal Tax Records Most Read More
May 24, 2019
How Can Small Business Owners Reduce Taxes?
If your small business is unincorporated, you may be fed up with paying the federal self-employment (SE) tax. This tax is how the federal government collects Social Security and Medicare taxes from self-employed individuals. However, Read More
May 24, 2019
Put the Tax Cuts to work for your Business
Do you know the highest individual tax rate under the new laws? What are the highest tax rates in the history of the United States? While these were some interesting tax facts, those who attended Read More
Jul 17, 2018