Here's a quick review of some of the rules you can expect to encounter when you get ready to prepare your 2016 federal income tax return.
The social security coverage threshold for domestic employees, including nannies, will remain at $2,000 for 2017, the same as the 2016 threshold.
On Tuesday, November 22, U.S. District Judge Amos Mazzant of the Eastern District of Texas issued a temporary injunction to stop the new regulation to the Fair Labor Standards Act. This regulation was set to go into effect December 1st...
Losses can be hard to take - so if you think your S corporation will show a loss for 2016, now's the time to plan to make sure you'll get the full tax benefit.
For 2017, the wage base for withholding social security tax from wages has increased to $127,200, up from $118,500 in 2016.
December 31 is the last day you can take advantage of this year's annual gift tax exclusion. The exclusion is the amount you can give away each year without triggering gift tax. For 2016, the exclusion is $14,000 per recipient.
As an IRA owner, you've probably heard about required minimum distributions (RMDs). These account withdrawals, which are mandatory once you reach age 70 &1/2;, are coupled with a steep penalty for noncompliance, and you're generally required to take...
Life in the 21st century is pretty amazing. We have access to nearly limitless options - where to live and work, which degree to earn, what to eat for dinner, which show to stream, where to go on vacation, and so on.
U.S. stocks declined in October with the S&P 500 dropping 1.82% as the November 8th election approaches. It appears that the markets are reluctant to make large moves before it is clear who our next president will be...
Disasters, natural or otherwise, could ultimately lead to your company's demise. Fortunately, advance planning can keep you on track. Here are seven scenarios to be prepared for.
If you're over 70 1/2; and are required to take distributions from your IRA or other retirement account, remember that you must take your 2016 required minimum distribution by December 31.
Beginning this month, you can sign up for a new 2017 health insurance policy on the health insurance Marketplace. You can also change or renew the policy you purchased during the last enrollment period.
An important part of our service to you is to help identify actions you can take before year-end to minimize your personal 2016 federal income tax bill.
Your business just might benefit from the PATH Act (Protecting Americans from Tax Hikes), recent legislation that includes some interesting new opportunities to save taxes on the purchase of assets and upgrades to buildings.
Fringe benefits can be a powerful tool for attracting and retaining staff. If you have an age-diverse workforce, providing the right mix of benefits can help you achieve your goal. Here are suggestions.
Taking a deduction for donations made to charitable organizations sounds simple enough: make a donation and claim it on your tax return when you itemize your deductions.
â€¢ Several new businesses will be coming soon to Ashland, including the Uniontown Brewery in Downtown Ashland, a new Hampton Inn and Suites, and a new Buffalo Wild Wings restaurant being constructed on Route 250.
Retirement! A dream or a reality? I've yet to work with a client who doesn't want to retire. As we prepare for retirement, saving for that future spending is key. Are you saving as much as possible in Retirement Plans?
We are pleased to announce that Chris Nadler of Mansfield, Ohio has joined our Investment Advisor Team.
September was a back-and-forth month, as the bulls and the bears fought hard for control.
Seeing purchases your friends post on social media can leave you envious - and might also foster a desire to buy a similar item.
Did you inadvertently miss the 60-day time limit for making an IRA or retirement plan rollover?
As the end of the year approaches, turn your attention to ways you can reduce your 2016 tax liability. Here are suggestions.
As we approach the end of another calendar year, it's time to consider taxes due for this year and develop a strategy to reduce your tax bill before December 31st.
After strong gains in July, markets cooled off in August, with most popular indexes coming in relatively flat for the month. The one exception to this was the Russell 2000 (US small cap stocks)...
Looking back over advice I've given clients and blogs that I've written for our website, I realize there are a few topics that keep rising to the top. Call me crazy, but I really like educating people on retirement planning...
Reacting badly to bad national economic events can turn a challenging situation into a devastating one. When troubling headline news comes your way, consider these tips before making financial moves.
Are you confused about your choices for paying medical expenses under your employer's benefit plan? Here are differences between two types of commonly offered accounts: a health savings account (HSA) and a health care flexible spending account (FSA).
The IRS announced inflation-adjusted limits for deductible contributions to health savings accounts (HSAs) for 2017. For family coverage, the contribution limit will be $6,750, and for individual coverage, the limit will be $3,400.