2014 Federal Tax Returns: Something Borrowed, Something New
Tax season is finally here. The deadline for calendar-year corporations to file a return (or an extension) is Monday, March 16. The deadline for individuals to file their income tax returns (or an extension) is Read More
Feb 06, 2015
S Corps & Partnerships: Beware of Failure to File Pentalties
The S corporation is a popular business structure that's available only to privately held businesses. In fact, approximately 44 percent of small employer firms -- generally defined as companies with fewer than 500 employees -- Read More
Feb 26, 2015
How Long Do You Need to Retain Payroll Records?
Just in time for spring cleaning, the Social Security Administration and the IRS have issued a joint publication -- the Spring 2015 issue of SSA/IRS Reporter -- which offers valuable pointers for employers who want Read More
May 08, 2015
A Dozen Ways to Cut Taxes This Summer
After a brutal winter in many parts of the country, summer is finally here. While you're enjoying the warmer weather, it's still important to remain diligent about business and personal tax planning. Fortunately, many of Read More
Jun 15, 2015
Dealing With College Costs
Here's a little-known secret for parents planning to send their children to college: Some of the tax-saving moves you make now could hurt your student's chances for getting financial aidlater. It's because of the way Read More
Jul 14, 2015
DOL Gets Tough on Independent Contractor Classification
"The Department of Labor's Wage and Hour Division (WHD) continues to receive numerous complaints from workers alleging misclassification, and the Department continues to bring successful enforcement actions against employers who misclassify workers," said a detailed Read More
Jul 30, 2015
Year-End Tax Planning Tips for Individuals
As the year winds down, it's a good idea to budget for your personal income tax bill, in the event that you'll owe the IRS money. Taxpayers who review their situations before year end have Read More
Nov 10, 2015
Leaving IRA Money to Charity: A Tax-Smart Strategy
These days, many people have a large percentage of their wealth in the form of traditional IRA accounts. In most cases, this is because significant distributions have been rolled over tax-free from qualified retirement plans Read More
Dec 21, 2015
ACA Boosts Popularity of Health Savings Accounts
The Affordable Care Act (ACA) seems to be making Health Savings Accounts (HSAs) more popular than ever. A recent report issued by Devenir, an HSA industry participant, highlights two key findings: 1. As of June Read More
Jan 29, 2016
Good News for Ohio Taxpayers
There's good news for Ohio taxpayers this tax season, whether you're an individual or a small business owner. These changes can offer savings and provide a quicker, more efficient filing process. Here are the tax Read More
Feb 10, 2016