Skip to content
Trusted Answers From Licensed Business Professionals

Inherited IRA Withdrawal Options

employee-on-leave

I recently have inherited an rollover IRA account from my deceased father. I’m required to select a distribution option, which I am having difficulty understanding. Can you briefly explain the following options: total distribution, systematic/RMD for inherited or roth inherited IRA? Read More.

Share |

What Will Lower Oil Prices Mean For You?

The price of oil continues to drop due to concerns of a global economic slowdown coupled with an apparent boom in US oil production. Even more, the recent 20% price drop over the past month is showing no signs of stabilizing. Having said that, consumers and certain businesses stand to benefit as a result of the big drop in oil prices. Read More.

Share |

Preparing For Rising Business Costs In 2015

In the upcoming year, most businesses will face higher costs for shipping, insurance, health-care, and labor. The economy is expected to grow at a 3.1% rate versus 1.9% in 2013, which should offset some of these rising costs. What costs can you expect to rise the most in 2015? Read More.

Share |

What Is The Health-Care Insurance Penalty?

This will be the first year that the health-care changes passed in 2010 will have an impact on those that opt out of coverage. Specifically, under the Individual Shared Responsibility Provision, individuals that are subject to the penalty will have to remit payment with their 2014 tax returns on April 15th. The penalty will not apply to those that obtain health insurance coverage through their employer or a state sponsored exchange. Still, there are certain groups that will pay hundreds and in some cases thousands in penalties. Read More.

Share |

Do Beneficiaries Have To Take RMDs?

beneficiary-rmd

Those fortunate enough to be named a beneficiary of a retirement account will want to know the nuances for reporting income on their tax return. This is specifically important when the account holder passes away before or after the time they are supposed to take required minimum distributions (RMDs). Read More.

Share |

The Best Travel Apps For Business Travelers

business travel apps

Business travel in the U.S. is expected to grow again in 2014 or up 6.6% to $289.9 billion globally as it did in 2013. This projection provided by the Global Business Travel Association (GBTA) should gain the attention of frequent business travelers as their employers may be sending them on more trips throughout the rest of 2014 and into 2015. Whether you love it or hate it, you should be should be using these great apps to help you manage your trip. Read More.

Share |

Is Your Business Subject To Sales Tax In Other States?

sales-tax-nexus-solicitation

States auditors continue to crackdown on “out-of-state” businesses that are not compliant with their local state sales tax laws. The motive is quite clear as it is estimated that over $23 billion of sales taxes remains uncollected each year. Given that backdrop, it would be prudent to ensure that your business is following all state and local sales tax laws. This is especially important for businesses that have independent sales representatives located in different states throughout the country as this is an area that is often misunderstood. Read More.

Share |

Should You Elect To Make Roth 401(K) Contributions?

employee-on-leave

Most employees are familiar with the concept of socking away a portion of their paychecks toward their 401(K). However, few realize that they also have the option to contribute to a Roth 401(K) plan. In fact, since this new plan became available in the market in 2006, only 11% of eligible employees elected this option. Are you also missing out on a great retirement planning opportunity? Read More.

Share |

The Best Sales Tax Software Solutions Webinar

We recently had the pleasure of hosting a webinar on selecting the best sales tax compliance solutions for your business. Read More.

Share |

Do You Have To Pay An Employee On Leave?

employee-on-leave

You may have employees that take a leave of absence for a variety of reasons. It may be due to birth, adoption, illness or if a family member has a serious health condition. In all cases, it’s morally up to the employer to show compassion and understanding to their employees during this time. Having said that, what is the actual law for how employees on leave should be treated during this period? Read More.

Share |