Take Advantage of the Available Tax Benefits Considering borrowing funds to finance your education or the education of your spouse or children? If so, you might want to take advantage of the available tax benefits.
Use a Qualified Longevity Annuity Contract Are you one of the boomer generation and find that your required minimum distributions (RMDs) from qualified plans and IRAs are providing unneeded income (along with a high tax bill)? Are you also afraid that the government’s RMD requirements will leave too little in your retirement plan for your later […]
Great QuickBook Internal Safeguards & Tips Keeping QuickBooks data is accurate takes time – let’s be sure it’s safe! Your QuickBooks company file contains some of the most sensitive information on your computer such as customers’ credit card numbers and employees’ Social Security numbers. An intruder who captured all that data could create tremendous problems for […]
Information Regarding Saving for a Child’s Future Education This question frequently arises: Who controls the funds held in a Section 529 qualified tuition account? These accounts can become quite large, as they are limited only by the projected cost of a college education, and those costs will vary between state plans. Some states base their […]
What The Tax Proposals Mean to You and Your Business On April 26, 2017, the Trump administration provided information on proposed tax law changes, many of which mirror his previous tax policy statements. Although lacking in significant detail, here is what the president proposes and how it might impact your tax liability: Business Tax Rates […]
Checking the Status of Your Federal Tax Refund is Easy If your 2016 federal return has already been filed and you are due a refund, you can check the status of your refund online. “Where’s My Refund?” is an interactive tool on the IRS web site at IRS.gov. Whether you have split your refund among […]
If you haven’t filed your 2016 tax return, April 18, 2017 is the due date to either file your return and pay any taxes owed, or file for the automatic six-month extension and pay the tax you estimate to be due. The due date is normally April 15, but the 15th falls on a weekend […]
Common Reasons Small Businesses Fail Many people dream of starting a small business. This is a dream that can become a reality, or, as happens to about 33% of prospective business owners, according to the Small Business Administration – it can result in dismal failure within two years. There’s no magic-bullet solution to ensure a successful business, […]
IRA Contribution Due Date & Rules If you wish to make an IRA contribution for 2016, you still have time. Contributions can be made up to the un-extended due date of your tax return, which for 2016 is April 18, 2017.
Internal Revenue Service Announced 2017 Mileage Rates As it does every year, the Internal Revenue Service recently announced the inflation- adjusted 2017 optional standard mileage rates used to calculate the deductible costs of operating an automobile for business, charitable, medical or moving purposes.
