HSA + HDHP can be a winning health benefits formula
If you’ve done any research into employee benefits for your business recently, you may have come across a bit of alphabet soup in the form of “HSA
Read MorePlay your tax cards right with gambling wins and losses
If you gamble, be sure you understand the tax consequences. Both wins and losses can affect your income tax bill.
Read MoreAssessing the S corp
The S corporation business structure offers many advantages, including limited liability for owners and no double taxation (at least at the federal
Read MoreUse pay-ratio disclosures with caution
Starting in 2018, certain public companies must disclose the ratio of their CEO’s annual compensation to that of its “median employee.” The rule al
Read MoreAddressing long-term care costs with a tax-qualified LTC insurance policy
No matter how diligently you prepare, your estate plan can quickly be derailed if you or a loved one requires long-term home health care or an exte
Read MoreNonprofits should be prepared for sudden outpouring of support
Americans gave unprecedented sums to charity in response to the devastating hurricanes last year.
Read More6 ways to get more value from an IT consultant
IT consultants are many things — experts in their field, champions of the workaround and, generally, the “people persons” of the tech field.
Read MoreKeep an eye out for extenders legislation
The pieces of tax legislation garnering the most attention these days are the Tax Cuts and Jobs Act (TCJA) signed into law last December and the po
Read MoreChoosing the right accounting method for tax purposes
The Tax Cuts and Jobs Act (TCJA) liberalized the eligibility rules for using the cash method of accounting, making this method — which is simpler t
Read MoreThe TCJA prohibits undoing 2018 Roth IRA conversions, but 2017 conversions are still eligible
Converting a traditional IRA to a Roth IRA can provide tax-free growth and tax-free withdrawals in retirement.
Read MoreAn FLP can save tax in a family business succession
One of the biggest concerns for family business owners is succession planning — transferring ownership and control of the company to the next gener
Read MoreDo you still need to worry about the AMT?
There was talk of repealing the individual alternative minimum tax (AMT) as part of last year’s tax reform legislation.
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