About admin

This author has not yet filled in any details.
So far admin has created 127 blog entries.

Evaluate whether a Health Savings Account is beneficial to you

By |2023-09-20T16:28:33+00:00September 20th, 2023|Latest News|

With the escalating cost of health care, many people are looking for a more cost-effective way to pay for it. For eligible individuals, a Health Savings Account (HSA) offers a tax-favorable way to set aside funds (or have an employer do so) to meet future medical needs. Here are four tax benefits: Contributions made to

What businesses can expect from a green lease

By |2023-09-20T16:26:22+00:00September 20th, 2023|Latest News|

With events related to climate change continuing to rock the news cycle, many business owners are looking for ways to lessen their companies’ negative environmental impact. One move you may want to consider, quite literally, is relocating to a commercial property with a “green lease.” Increasing demand Green leases are sometimes also known as “aligned,” “energy-efficient”

Investment swings: What’s the tax impact?

By |2023-09-13T17:55:52+00:00September 13th, 2023|Latest News|

If your investments have fluctuated wildly this year, you may have already recognized some significant gains and losses. But nothing is decided tax-wise until year end when the final results of your trades will reveal your 2023 tax situation. Here’s what you need to know to avoid tax surprises. Tax-favored retirement accounts and taxable accounts

4 best practices for effective strategic planning meetings

By |2023-09-13T17:49:55+00:00September 13th, 2023|Latest News|

It’s not uncommon for employees to grumble about having to attend too many meetings. Sometimes they have a point; an excessive number of meetings can become a problem at some companies. However, there’s one kind of meeting that business owners and their leadership teams should never scrimp on: strategic planning. That doesn’t mean you need

Plan now for year-end gifts with the gift tax annual exclusion

By |2023-09-08T19:49:12+00:00September 8th, 2023|Latest News|

Now that Labor Day has passed, the holidays are just around the corner. Many people may want to make gifts of cash or stock to their loved ones. By properly using the annual exclusion, gifts to family members and loved ones can reduce the size of your taxable estate, within generous limits, without triggering any

The tax consequences of employer-provided life insurance

By |2023-08-24T14:03:33+00:00August 24th, 2023|Latest News|

If your employer provides life insurance, you probably find it to be a desirable fringe benefit. However, if group term life insurance is part of your benefits package, and the coverage is higher than $50,000, there may be undesirable income tax implications. You’re taxed on income you didn’t receive The first $50,000 of group term

Look carefully at three critical factors of succession planning

By |2023-08-24T14:01:33+00:00August 24th, 2023|Latest News|

The day-to-day demands of running a business can make it difficult to think about the future. And by “future,” we’re not necessarily talking about how your tax liability will look at year-end or how you might grow the bottom line over the next five years. We’re referring to the future in which you no longer

Disabled family members may be able to benefit from ABLE accounts

By |2023-08-16T19:02:11+00:00August 16th, 2023|Latest News|

If you have family members with disabilities, there may be a tax-advantaged way to save for their needs — without having them lose eligibility for the government benefits to which they’re entitled. It can be done though an Achieving a Better Life Experience (ABLE) account, which is a tax-free account that can be used for

Cost containment: An important health care benefits objective for businesses

By |2023-08-16T19:00:28+00:00August 16th, 2023|Latest News|

As the Fed continues to do battle with inflation, and with fears of a recession not quite going away, companies have been keeping a close eye on the costs of their health insurance and pharmacy coverage. If you’re facing higher costs for health care benefits this year, it probably doesn’t come as a big surprise.

Can you deduct student loan interest on your tax return?

By |2023-08-10T20:32:34+00:00August 10th, 2023|Latest News|

The federal student loan “pause” is coming to an end on August 31 after more than three years. If you have student loan debt, you may wonder whether you can deduct the interest you pay on your tax return. The answer may be yes, subject to certain limits. The deduction is phased out if your

Go to Top