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Summer: A good time to review your investments

By |2019-07-16T21:16:08+00:00July 16th, 2019|Latest News|

You may have heard about a proposal in Washington to cut the taxes paid on investments by indexing capital gains to inflation. Under the proposal, the purchase price of assets would be adjusted so that no tax is paid on the appreciation due to inflation. While the fate of such a proposal is unknown, the

Volunteering for charity: Do you get a tax break?

By |2019-07-15T21:16:24+00:00July 15th, 2019|Latest News|

If you’re a volunteer who works for charity, you may be entitled to some tax breaks if you itemize deductions on your tax return. Unfortunately, they may not amount to as much as you think your generosity is worth. Because donations to charity of cash or property generally are tax deductible for itemizers, it may

Is your accounting software living up to the hype?

By |2019-07-15T21:13:30+00:00July 15th, 2019|Latest News|

Accounting software typically sells itself as much more than simple spreadsheet or ledger. The products tend to pride themselves on being comprehensive accounting information systems — depending on the price point, of course. So, is your accounting software living up to the hype? If not, there are a couple of relatively simple steps you can

Odd word, cool concept: Gamification for businesses

By |2019-07-15T21:10:47+00:00July 15th, 2019|Latest News|

“Gamification.” It’s perhaps an odd word, but it’s a cool concept that’s become popular among many types of businesses. In its most general sense, the term refers to integrating characteristics of game-playing into business-related tasks to excite and engage the people involved. Might it have a place in your company? Internal focus Sometimes gamification refers

You may have to pay tax on Social Security benefits

By |2019-07-02T14:30:54+00:00July 2nd, 2019|Latest News|

During your working days, you pay Social Security tax in the form of withholding from your salary or self-employment tax. And when you start receiving Social Security benefits, you may be surprised to learn that some of the payments may be taxed. If you’re getting close to retirement age, you may be wondering if your

If your kids are off to day camp, you may be eligible for a tax break

By |2019-06-26T14:52:56+00:00June 26th, 2019|Latest News|

Now that most schools are out for the summer, you might be sending your children to day camp. It’s often a significant expense. The good news: You might be eligible for a tax break for the cost. The value of a credit Day camp is a qualified expense under the child and dependent care credit,

Grading the performance of your company’s retirement plan

By |2019-06-26T14:41:07+00:00June 26th, 2019|Latest News|

Imagine giving your company’s retirement plan a report card. Would it earn straight A’s in preparing your participants for their golden years? Or is it more of a C student who could really use some extra help after school? Benchmarking can tell you. Mind the basics More than likely, you already use certain criteria to

Put a number on your midyear performance with the right KPIs

By |2019-06-26T14:38:27+00:00June 26th, 2019|Latest News|

We’ve reached the middle of the calendar year. So how are things going for your business? Conversationally you might say, “Pretty good.” But, analytically, can you put a number on how well you’re doing — or several numbers for that matter? You can if you choose and calculate the right key performance indicators (KPIs). 4

Is an HSA right for you?

By |2019-06-18T19:16:53+00:00June 18th, 2019|Latest News|

To help defray health care costs, many people now contribute to, or are thinking about setting up, Health Savings Accounts (HSAs). With these accounts, individuals can pay for certain medical expenses on a tax advantaged basis. The basics With HSAs, you take more responsibility for your health care costs. If you’re covered by a qualified

Donating your vehicle to charity may not be a taxwise decision

By |2019-06-13T19:42:08+00:00June 13th, 2019|Latest News|

You’ve probably seen or heard ads urging you to donate your car to charity. “Make a difference and receive tax savings,” one organization states. But donating a vehicle may not result in a big tax deduction — or any deduction at all. Trade in, sell or donate? Let’s say you’re buying a new car and