Friday, June 30, 2017

A TAX CREDIT IS AVAILABLE FOR ADOPTION


Is this the year you'll adopt a child? If so, you might also qualify for a special break on your income tax return.

Monday, June 26, 2017

FIVE REASONS TO INCORPORATE YOUR BUSINESS


As your business grows, you may be thinking about incorporating. Learn the reasons why it can be a good idea.

Wednesday, June 21, 2017

SINGLE PEOPLE NEED FINANCIAL PLANNING TOO

Single people have financial considerations that differ from those who are married. But this doesn't mean they should overlook financial planning.

Friday, June 16, 2017

2018 HSA LIMITS ANNOUNCED


The IRS recently announced the 2018 inflation-adjusted limits for health savings accounts. For 2018, taxpayers can contribute up to $3,450 (up from $3,400 in 2017) for single coverage, or up to $6,900 (up from $6,750 in 2017) for family coverage.

The maximum out-of-pocket figures are: $6,650 for single coverage (up from $6,550 in 2017) and $13,300 for family coverage (up from $13,100 in 2017).

Tuesday, June 13, 2017

SERVICE CHARGES VS. TIPS


Remember, service charges do not receive the same tax treatment as tips. Service charges are non-tip wages, and employers must treat them as such for tax withholding and filing requirements. Tips are payments made to employees by customers at the customer's discretion. Service charges are extra fees a customer must pay to a business. Examples of service charges are fees imposed by restaurants for parties of six or more, cruise ship package fees, and hotel room service charges.

Monday, June 12, 2017

HOW TO BUILD YOUR BUSINESS CREDIT

Sooner or later, your company will need to build business credit. Learn the steps to get started so your company will have the funds it needs.

Wednesday, June 7, 2017

DISABILITY INSURANCE – WHAT YOU NEED TO KNOW

When people think of insurance, disability insurance isn't the first type that comes to mind. However, this overlooked coverage can be an important part of your financial plan.

Friday, June 2, 2017

ANSWERS TO COMMON QUESTIONS AFTER YOU FILE YOUR TAX RETURN

You have filed your 2016 tax return, but you probably still have questions. Here are a few of the most common post-filing questions the IRS answers.