Planning on giving this year? Giving annually might trim both your estate and income taxes. Currently, you can give $14,000 to any number of recipients without paying federal gift tax. Learn about your options. Continue reading “Want to give this year? Here’s what you need to know”
Your kids will learn math in school, but that doesn’t necessarily equate to personal finance. If you want them to become financially responsible adults, you should give them some training yourself. Here’s how.
Yearly employee performance reviews are often dreaded by everyone involved. Luckily, they don’t have to be a nuisance. Take a look at a few tips on how to make the process little smoother.
There is now a ton of media chatter about the recently introduced federal tax reform package being passed around in Washington, D.C. While it’s still early in the process, here are some of the key elements of the current proposal.
The price that property would sell for on the open market — fair market value (FMV) — often seems like it’s open to interpretation. Here’s how to defend your FMV determination if it’s questioned. Continue reading “Fair market value (FMV): What is it and how to defend it”
Deduction opportunities abound for people who know the importance of saving their receipts and keeping proper documentation. Make sure you’re taking the right steps to make qualified deductions during filing season. Continue reading “Your receipts are important: save them”
Disorganization usually spells disaster in most scenarios. This is especially true for finances. It’s time to get your bills, paycheck stubs, tax returns and bank statements in order. Continue reading “Conquer your financial clutter”
Your business tax return could look a lot different depending on the circumstances of employee meals. Find out why and what you can do to get the most bang for your tax buck.
Continue reading “Employee meals: 50 or 100 percent deductible?”
Cutting business costs is no easy task. Fortunately, there are a few ways you can save money before you consider more severe cost-saving measures. Take a look at these four options.
You may receive correspondence from the IRS that contains an error. What should you do?