Saving money for retirement is important to a business owner’s financial security. If you haven’t set up a retirement plan for yourself and your employees for 2019, you may still be able to do so, and reduce your tax liability for last year.
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You’re likely familiar with the benefits of a health savings account, but did you know it offers estate planning benefits as well?
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Hiring the right executive is too important for nonprofits to leave until they desperately need to fill an empty spot at the top. Prepare an executive search plan now so it’s ready when you need it.
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April 15 isn’t only the income tax return deadline. It’s also the gift tax return deadline for people who made large gifts last year. Find out if you’re required to file a 2019 gift tax return this April (or if you may want to file one anyway).
Read MoreWhen it comes to executive compensation, C corporation owners need to keep it “reasonable.” Here’s why.
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Payable-on-death (POD) accounts can be a blessing or a curse to your beneficiaries. Coordinating PODs with your estate plan is critical.
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The Tax Cuts and Jobs Act eliminated some of the deductions for business-related meal and entertainment expenses. New guidance from the IRS, in the form of proposed regulations, address meal and entertainment expenses.
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Does your nonprofit have a matching gift plan? Employees are more likely to donate to charity if their employers provide a matching gift. However, you may need to remind them of this benefit.
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Buying a home and want to know how much of a tax break you’ll get for paying mortgage interest? Here are the rules.
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The Work Opportunity Tax credit was set to expire on Dec. 31, 2019. But a law passed late last year extends it through Dec. 31, 2020. Here’s how employers can benefit.
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Today, it’s not unusual for a household to include children and even grandchildren from prior marriages. These various blended family arrangements require specific estate planning strategies.
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Nonprofits that use Real-Time Strategic Planning align their daily actions with their overall strategy. This can result in more donations, media coverage and other advantages. Learn more.
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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.
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Do you operate your business from home or perform certain functions at home that are related to your business? You might be able to claim home office deductions on your tax return.
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Planning on picking up stakes and moving abroad? Before making the move, learn the financial pitfalls and review your estate plan.
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Annual independent audits don’t have to be stressful. If you devote proper time and attention to accounting throughout the year, you may even find audits affirming. Here’s how to prepare.
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If you conduct your business as an S corporation, you’ll be subject to income tax, but not self-employment tax, on your share of the S corporation’s income. Could this be the entity for you?
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In most cases, married couples who file jointly save more money on taxes than those who file separate returns. However, there are cases when filing separately is a better option.
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Should you become incapacitated, a durable power of attorney authorizes your agent to manage your financial affairs. But without proper safeguards in place, it’s at risk for abuse.
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