Timely Opportunities
Timely Opportunities
Timely Opportunities
Settling Your Tax Debt with the IRS
Q. It has been a long time since our job application form has been updated. What can we legally ask of job applicants? Beware of these Interview Traps Listed below are four hot spots sometimes found in the hiring process. Inappropriate interview questions can include inquiries about a candidate’s age, sex, race or religious preference. […]
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What You Need to Know About Taxes and Gig Work
For much of the 1990s, the U.S. stock market significantly outperformed international stock markets. Never a particularly large percentage of U.S. investment portfolios, international investments drew even less attention during this time. Is now the time to take another look at international investments? Before deciding, consider the following: Return potential. During the 1990s, the U.S. […]
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Profit from an Energy Audit
As long as you avoid written contracts with your employees, you may think you don’t have to worry about how your organization disciplines and terminates employees. This is far from true. Actually, people usually think of a contract as a written multi-page document signed by both parties. But contract elements may exist in a simple letter […]
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10 Tax Tips for Volunteers
Even though it seems like money and financial topics are discussed everywhere, these are not concepts your children will learn automatically. Teaching your children basic money concepts, including the value of saving and investing, can benefit them for a lifetime. Some strategies to help teach these concepts include: Impart money concepts along with the children’s […]
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Should You Transfer Your Home to Your Adult Child?
A “working condition fringe benefit” is tax-free to your employees and deductible by your company. To qualify for this tax-favored treatment, however, the expense must be “ordinary and reasonable” under the circumstances. In addition, if the benefit involves recreation, amusement or entertainment, the expense Taking a Business Cruise? Here is what the IRS says about […]
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Small Business Alert: Take Advantage of the WOTC for New Hires
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Supreme Court Looks at Overtime Eligibility for One Employee Group
There are two basic ways to sell an incorporated business — sell the assets or sell the stock. For two good tax reasons, sellers usually prefer stock sales: 1. Assuming you’ve owned the shares for more than a year, your profits will generally be taxed at a maximum federal rate of 20%. This applies equally […]
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The Lowdown on Spousal IRAs
Let’s say you receive a lump sum during the year that lifts you into a higher income tax bracket and results in an unexpectedly large tax bill. Is there anything you can do? What If a Lump Sum Doesn’t Qualify? If you receive a lump sum payment that doesn’t qualify for special treatment, the payer […]
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