Should You Buy or Rent a Home?
The pros and cons of renting versus buying
The IRS Data Theft Problem
Here’s how to minimize your risk
Setting up Your Business Accounting System
You’ve done the hard work. You have a new business idea or you’ve found an existing business to purchase. Want to help ensure your business success? Pay attention to correctly setting up your business’ accounting system. Here’s how.
You NEED These Documents to File Your Taxes!
It’s easy to get inundated with documents during tax season. You can receive documents from many different organizations, including employers, financial institutions and others. Many documents are now also being sent via e-mail
New W-4 Creates Questions for Human Resources
With the major Form W-4 overhaul for 2020, you may field questions from your employees. While it’s not your responsibility to provide tax advice to your employees, it’s good to be prepared to help answer common questions
Valentine’s Day – Did you know?
Cupid, candy hearts, flowers and chocolates are common items associated with Valentine’s Day. According to the National Retail Federation, Americans now spend more than $20 billion lavishing gifts on their kids, friends and significant others.
New Rules Mean Saving More for Retirement
The Setting Every Community Up for Retirement Enhancement Act, also known as the SECURE Act, was passed by Congress in late December 2019. Here are some of the features in the new legislation that will help you save more for retirement
Finding the Balance of Income vs. Spending
Every year the IRS publishes instructions to prepare your Form 1040, individual tax return. The publication for 2019 is a whopping 108 pages! On page 103 of the IRS booklet is a summary of collections (income) and spending (outlays) by the federal government. Given the election year, here is a summary of this recap and some general observations.
Avoid Misclassification: Understand Independent Contractors
The best way to avoid mis-classifying workers is to understand the defining characteristics of independent contractors — and then treat them as such. Use this to help you identify independent contractors and understand how they are different
