Latest News

Give your 401(k) plan a checkup at least once a year

By |2020-03-04T17:26:05+00:00March 4th, 2020|Latest News|

In many industries, offering a 401(k) plan is a competitive necessity. If you don’t offer one and a competitor does, it could mean the difference in a job candidate’s decision to accept their offer over yours. It could even send employees heading for the door. Assuming you do offer a 401(k), the challenge then becomes

Tax credits may help with the high cost of raising children

By |2020-02-25T18:33:13+00:00February 25th, 2020|Latest News|

If you’re a parent, or if you’re planning on having children, you know that it’s expensive to pay for their food, clothes, activities and education. Fortunately, there’s a tax credit available for taxpayers with children under the age of 17, as well as a dependent credit for older children. Recent tax law changes Changes made

Reasons why married couples might want to file separate tax returns

By |2020-02-24T23:01:50+00:00February 24th, 2020|Latest News|

Married couples often wonder whether they should file joint or separate tax returns. The answer depends on your individual tax situation. It generally depends on which filing status results in the lowest tax. But keep in mind that, if you and your spouse file a joint return, each of you is “jointly and severally” liable

Digital documents with e-signatures aren’t going away

By |2020-02-24T22:59:23+00:00February 24th, 2020|Latest News|

Have you applied for a business loan lately? Or had some repairs done on your facilities? Maybe you’ve signed a contract with a certain technologically inclined customer or vendor. In any of these instances, you (or one of your employees) probably had to electronically sign a digital document. So, the next question is: Why isn’t your company

How to make the most of your multigenerational workforce

By |2020-02-17T22:20:29+00:00February 17th, 2020|Latest News|

Many of today’s businesses employ workers from across the generational spectrum. Employees may range from Baby Boomers to members of Generation X to Millennials to the newest group, Generation Z. Managing a workforce with a wide age range requires flexibility and skill. If you’re successful, you’ll likely see higher employee morale, stronger productivity and a more

The tax aspects of selling mutual fund shares

By |2020-02-11T16:33:21+00:00February 11th, 2020|Latest News|

Perhaps you’re an investor in mutual funds or you’re interested in putting some money into them. You’re not alone. The Investment Company Institute estimates that 56.2 million households owned mutual funds in mid-2017. But despite their popularity, the tax rules involved in selling mutual fund shares can be complex. Tax basics If you sell appreciated

Getting help with a business interruption insurance claim

By |2020-02-11T16:31:26+00:00February 11th, 2020|Latest News|

To guard against natural disasters and other calamities, many companies buy business interruption insurance. These policies provide cash flow to cover revenues lost and expenses incurred while normal operations are limited or suspended. But buying coverage is one thing — making a claim and receiving the funds is quite another. Depending on the scope of

There still might be time to cut your tax bill with IRAs

By |2020-02-04T18:06:54+00:00February 4th, 2020|Latest News|

If you’re getting ready to file your 2019 tax return, and your tax bill is higher than you’d like, there may still be an opportunity to lower it. If you qualify, you can make a deductible contribution to a traditional IRA right up until the Wednesday, April 15, 2020, filing date and benefit from the

Look closely at your company’s concentration risks

By |2020-02-04T18:04:52+00:00February 4th, 2020|Latest News|

The word “concentration” is usually associated with a strong ability to pay attention. Business owners are urged to concentrate when attempting to resolve the many challenges facing them. But the word has an alternate meaning in a business context as well — and a distinctly negative one at that. Common problem A common problem among

Answers to your questions about 2020 individual tax limits

By |2020-01-28T17:52:52+00:00January 28th, 2020|Latest News|

Right now, you may be more concerned about your 2019 tax bill than you are about your 2020 tax situation. That’s understandable because your 2019 individual tax return is due to be filed in less than three months. However, it’s a good idea to familiarize yourself with tax-related amounts that may have changed for 2020.