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A health reimbursement arrangement, or HRA, is a benefit plan you can offer to your employees to reimburse them for medical expenses that are not covered by an insurance plan.
Continue reading “Why you should consider using HRAs to help employees with medical costs”
It’s that time of year when you are getting ready to sort out last year’s financial records and prepare for this year’s recordkeeping. Do you know what you should keep and what can you throw away? Here are some suggestions.
You may not have thought much about the alternative minimum tax, or AMT, since Congress passed a law that permanently fixed the exemption. But the tax, which you calculate separately from your regular tax liability, is still around. Here’s how the AMT might apply to your 2016 tax return.
Continue reading “Do you need to think about the alternative minimum tax?”
Do you have a financial plan that works for both you and your spouse? Here are suggestions that can help.
Continue reading “Couples and money: Five resolutions for 2017”
The difference between your tax bracket and your tax rate is more than a trick question. For example, knowing your tax rate gives you an accurate reflection of your tax liability in relation to your total income. Knowing your tax bracket is useful for planning purposes.
Continue reading “Tax bracket, tax rate, what’s the difference?”
Are you starting a new business in the new year? Put these items on your to-do list.
Continue reading “Start smart: Five items to focus on when starting a new business”
Can’t itemize? You can still claim some expenses on your 2016 federal income tax return. Here’s how you can benefit.
Continue reading “You don’t have to itemize to claim these deductions on your 2016 return”
Are you wondering if your social security retirement, survivor, and disability benefits will be subject to federal income tax on your 2016 return? Generally, when these benefits are taxed is determined by your “provisional income.”
Staffing errors can spell disaster for your start-up. Here are three to watch out for.
If summertime is a busy time for your business, you may be ready to hire seasonal workers. Here are tax rules to keep in mind. Continue reading “What you need to know about hiring seasonal workers”