Mortgage rates have continued to rise with the average yield on a 30-year loan jumping to 4.46% from 4.29% in the prior week. Prospective buyers may want to consider making a purchase sooner rather than later. Read More.
If you’re running a small business, you know how important it is to save money. One area that’s not so easy to conserve money in, however, is health insurance. There’s a lot of uncertainty surrounding the Affordable Care Act for small businesses, and even though the employer mandate has been delayed for a year, it’s a reality you’re eventually going to have to deal with. Here are five ways to cut healthcare costs at your business. Read More.
The holiday season is finally upon us. As is customary each year, many businesses will begin announcing their plans for the annual company holiday party. In addition to finalizing their budgets, business owners need to understand what costs they can and cannot deduct as the IRS is known to scrutinize these expenses. Read More.
The cost of tuition continues to rise; albeit at a lower rate than in previous years. With that in mind, we thought it would be important to highlight a special provision for contributing to a 529 plan. Those that haven’t been saving for college may still benefit from this special relief. Read More.
There has been an ongoing issue in the Federal tax court system as to whether or not severances should be subject to payroll taxes. Ordinary income and state taxes will continue to apply to severance, but payroll taxes may not in the future. Find out why and how it impacts both employers and employees. Read More.
You’re facing an all too common problem that many business entrepreneurs struggle with everyday. There are pluses and minuses for choosing each option. However, the best long-term option will almost always be to try to hire a team of engineers that can build, maintain and grow your online business. Let’s review the two options in detail below. Read More.
Thankfully, this tax season should be a little easier for individuals than last year as there are fewer uncertainties about changing tax laws. For most taxpayers, they should not expect to pay more in taxes this year with all else being equal (i.e. marital status, income, state of residence etc.). Still, almost all taxpayers can explore the below strategies to lower their taxes in 2013. Read More.
As is the case in most recent years, there are a slew of tax breaks that are set to expire at the end of the year. The big difference with this year in comparison to previous ones is that the Alternative Minimum Tax patch is no longer an issue. It was permanently addressed and “fixed” this year. What tax breaks should businesses and individuals be prepared to lose after the end of the year? Read More.