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Contractor or Employee? Knowing the difference is important
Is a worker an independent contractor or an employee? As an employer, getting this wrong could land you with an IRS audit and cost you plenty in many other ways. Here’s what you should know:
Avoid These Common Tax Mistakes
There are nearly 1,000 different tax forms used by the IRS to report tax obligations. It’s no wonder the IRS faces thousands of tax returns with errors each year. Here are some of the most common:
Say Goodbye to the College Tuition Deduction
Congress decided not to extend this $4,000 deduction for 2017, leaving many parents worried that college will now be more expensive. However, Congress left in place two popular education credits that may offer a more valuable tax break:
Steps to avoid a name mismatch audit
If you changed your name for any reason during the past year, you will need to file Form SS-5, Application for a Social Security Card, with the Social Security Administration (SSA) to notify them of the name change before you submit your 2017 tax returns...
Your child's summer earnings could open an IRA
If your child has a summer job, he or she can make a contribution to an IRA for 2017.
Have adult children? Take steps to avoid medical access denial
Imagine your college-aged daughter has an accident while away at school and ends up in the emergency room. When you call the hospital, you are denied information about her care because you do not have the proper forms signed.
Learn from the ‘best places to work’
Google, Facebook, and Southwest Airlines are among the top five companies on job search site Indeed’s “Best Places to Work 2017” list. You may not have the resources of these large companies, but you can incorporate some of their ideas..
Your HSA as a retirement tool – the facts
Health Savings Accounts (HSAs) are a great way to pay for medical expenses, and since unused funds roll over from year to year, the account can also provide a source of retirement funds in addition to other plans like 401(k)s or IRAs. But be aware...
July 2017 Market Insight
Summer is flying by! Back to school shopping has taken over retail stores, and key data from the second quarter is coming in. The markets in July were fueled by several factors: strong earnings, better than expected housing data, four-decade low jobless claims numbers, the “dovish” Fed meeting, a rise in June durable goods, and positive momentum in tech shares.
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