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Maximize your 401(k) plan to save for retirement

By |2020-12-09T19:05:56+00:00December 9th, 2020|Latest News|

Contributing to a tax-advantaged retirement plan can help you reduce taxes and save for retirement. If your employer offers a 401(k) or Roth 401(k) plan, contributing to it is a smart way to build a substantial sum of money. If you’re not already contributing the maximum allowed, consider increasing your contribution rate. Because of tax-deferred

Should you add a technology executive to your staff?

By |2020-12-09T19:03:53+00:00December 9th, 2020|Latest News|

The COVID-19 pandemic and resulting economic impact have hurt many companies, especially small businesses. However, for others, the jarring challenges this year have created opportunities and accelerated changes that were probably going to occur all along. One particular area of speedy transformation is technology. It’s never been more important for businesses to wield their internal

Steer clear of the wash sale rule if you’re selling stock by year end

By |2020-12-02T15:20:17+00:00December 2nd, 2020|Latest News|

Are you thinking about selling stock shares at a loss to offset gains that you’ve realized during 2020? If so, it’s important not to run afoul of the “wash sale” rule. IRS may disallow the loss Under this rule, if you sell stock or securities for a loss and buy substantially identical stock or securities

Employees: Don’t forget about your FSA funds

By |2020-12-02T15:18:24+00:00December 2nd, 2020|Latest News|

Many employees take advantage of the opportunity to save taxes by placing funds in their employer’s health or dependent care flexible spending arrangements (FSAs). As the end of 2020 nears, here are some rules and reminders to keep in mind. Health FSAs A pre-tax contribution of $2,750 to a health FSA is permitted in both

Family business owners must weave together succession and estate planning

By |2020-12-02T15:16:33+00:00December 2nd, 2020|Latest News|

It’s been estimated that there are roughly 5 million family-owned businesses in the United States. Annually, these companies make substantial contributions to both employment figures and the gross domestic product. If you own a family business, one important issue to address is how to best weave together your succession plan with your estate plan. Rise to

Lessons of 2020: Change management

By |2020-12-02T15:14:18+00:00December 2nd, 2020|Latest News|

The year 2020 has taught businesses many lessons. The sudden onset of the COVID-19 pandemic followed by drastic changes to the economy have forced companies to alter the size of their workforces, restructure work environments and revise sales models — just to name a few challenges. And what this has all meant for employees is change.

Taking distributions from a traditional IRA

By |2020-11-21T14:19:29+00:00November 21st, 2020|Latest News|

Although planning is needed to help build the biggest possible nest egg in your traditional IRA (including a SEP-IRA and SIMPLE-IRA), it’s even more critical that you plan for withdrawals from these tax-deferred retirement vehicles. There are three areas where knowing the fine points of the IRA distribution rules can make a big difference in

Putting the finishing touches on next year’s budget

By |2020-11-21T14:11:44+00:00November 21st, 2020|Latest News|

By now, some businesses have completed their 2021 budgets while others are still crunching numbers and scrutinizing line items. As you put the finishing touches on your company’s spending plan for next year, be sure to cover the finer points of the process. This means not just creating a budget for the sake of doing

How Series EE savings bonds are taxed

By |2020-11-12T13:44:30+00:00November 12th, 2020|Latest News|

Many people have Series EE savings bonds that were purchased many years ago. Perhaps they were given to your children as gifts or maybe you bought them yourself and put them away in a file cabinet or safe deposit box. You may wonder: How is the interest you earn on EE bonds taxed? And if

Hit the target with your email marketing

By |2020-11-12T13:42:46+00:00November 12th, 2020|Latest News|

Online retail sales have been booming during the COVID-19 pandemic. This trend has been driven not only by the buying public’s increased inclination to minimize visits to brick-and-mortar stores, but also by the effectiveness of many retailers’ virtual marketing efforts. One such effort that can benefit most any type of business is email marketing. Although

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