By now you’ve likely heard of the new digital currency that businesses are accepting as a form of payment for their products and services. In fact, there were over $500 million worth of transactions processed with bitcoins in April and that number is slated to increase to $750 million in May. As the market continues to grow, find out what should participants and businesses should know about the tax ramifications for such a currency. Read More.
While the labor market isn’t nearly what it needs to be to support significant economic growth, some small companies are beginning to ratchet up their hiring (source: National Federation of Independent Businesses – April 2013 Survey). Typically, when the job market recovers, it’s small businesses that support the growth. Whether your company is in hiring mode or not, it’s important to have a strategy to help grow it quickly while mitigating the mistakes. Read More.
The housing market has heated up throughout the country and particularly in parts of Florida, Arizona, California and Las Vegas. In addition, it is still below historical levels in terms of the home affordability ratio. With that said, there are many homebuyers working through the details of their mortgage application. It’s important to know how to negotiate with your lender. Read More.
Many taxpayers have their retirement portfolios held in a 401(k) or employer pension plan. They do so for the tax-deferred appreciation, the reduction to adjusted gross income and the matching program that’s likely offered with their employer. However, employees have become far too complacent when it comes to selecting a fund in their portfolio that charges low fees. Read More.
The deadline to contribute to a health savings account for 2012 has expired now that the April 15, 2013 tax deadline has passed. However, you can still use monies already in the account to pay for medical expenses this year. Find out the best ways to use your health savings account. Read More.
Many newly formed businesses rely heavily on startup capital from friends, family and in some cases accredited investors. Founders typically put in some of their own money and may withdraw from their retirement to do so. Should you consider using your retirement to start a business? Read More.