Writing off Charitable Contributions
As the year end approaches many people will donate used items to local charities. Although we applaud the efforts to help those less fortunate there… Read More »Writing off Charitable Contributions
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Social Security Wage Base for 2015
Social Security Wage Base The Social Security Administration (SSA) announced that the maximum earnings subject to the Social Security component of the FICA tax will… Read More »Social Security Wage Base for 2015
Helpful Hints for Personal and Business Life
You may try to keep your personal life and your business life separate, but they’re bound to overlap, sometimes in surprising ways. Case in point:… Read More »Helpful Hints for Personal and Business Life
Key Business Tax Changes for 2014
On December 19th, 2014, the president signed the Tax Increase Prevention Act of 2014 into law. It is a one year (retroactive for all of… Read More »Key Business Tax Changes for 2014
Provisions expired after 2013
*Edit 12/2014* Congress Passes Tax Extenders and New Legislation for the Disabled: The Senate passed H.R. 5771, known as the Tax Increase Prevention Act of… Read More »Provisions expired after 2013
Key Tax Changes for 2014
Obamacare tax subsidy – individuals who purchase health insurance through the Exchange and are eligible based on income may receive a subsidy. This subsidy is… Read More »Key Tax Changes for 2014
Why Borrowing from your 401K May Not be a Good Idea
Plan Loan PITFALL Before you borrow from your 401(k) plan account, it’s important to understand what you might be up against if you leave your… Read More »Why Borrowing from your 401K May Not be a Good Idea
Family Finances
The Federal Reserve Board recently released the findings from its 2013 Survey of Consumer Finances. The study is conducted every three years to collect information… Read More »Family Finances
Do you need to pay Alternative Minimum Tax (AMT)
The Alternative Minimum Tax (AMT) is designed to force many affluent taxpayers who qualify for certain exemptions to pay a greater share of taxes. Though… Read More »Do you need to pay Alternative Minimum Tax (AMT)
DISCOUNTING: It’s Complicated
Things were considerably different ten years ago when Marty opened Widget World. She was the only game in town, and online shopping was still somewhat… Read More »DISCOUNTING: It’s Complicated