3 Taxes People Love to Hate

3 Taxes People Love to Hate Few people enjoy giving money to the IRS, but some types of taxes are viewed more unfavorably than others. Here are three worthy candidates vying for the title of most-hated tax. Penalty Tax on Individuals without Health Insurance As you probably know, the Affordable Care Act (ACA) imposes a… Read more »

7 Tax-Savvy Ways to Give to Charity

Charitable giving is on the rise. And the momentum is expected to continue, given the natural disasters and human tragedies that have happened in recent months A recent report, Giving USA 2016: The Annual Report on Philanthropy for the Year 2015, shows charitable-giving trends based on contributions made by individuals, foundations, estates and corporations. Here’s… Read more »

Compare and Contrast the Republican and Democratic Tax Platforms

With both major political party conventions finally behind us, it’s time to focus on the upcoming national election. Among their many differences, the Republicans and Democrats have widely divergent tax platforms. While platforms are always relatively nonspecific and not necessarily synced with what the presidential candidates have in mind, it’s still good to know what… Read more »

Pokémon Go: It’s Not Just for Kids Anymore

Have you heard of Pokémon Go? It’s a popular smartphone video game that uses Google Maps technology. The augmented reality game pinpoints locations of virtual Pokémon and “PokéStops” in the real world on a map shown on a player’s phone. But it’s more than just a game — some savvy organizations are also using it… Read more »

Back-to-School Tax Tips for Grownups

August is back-to-school time across the country. Whether the school buses are already disrupting your commute to work — or will be soon — the start of the school year brings opportunities for savvy business owners. Here are some insights into this market segment and creative, real-world marketing solutions to inspire you to think outside… Read more »

Tax-Savvy Planning Strategies for Inherited IRAs

Say an IRA is inherited by multiple individual beneficiaries or by one or more individuals and one or more charities or other beneficiaries that aren’t “natural persons.” How do these scenarios affect the rules for required minimum distributions (RMDs) that apply after the IRA owner dies? And how can you optimize the tax results for… Read more »

It’s Time to Review Your Financial Planning Options

Fall is a good time to pause and review your financial planning strategy. A lot can happen in a year. If your personal life, market conditions or tax laws have changed, you may need to revise your long-term financial plans. Here are some retirement and estate planning considerations that may be worthwhile. Roth IRAs Do… Read more »

New Version of Form I-9 Issued

The U.S. Citizenship and Immigration Services (USCIS) has issued a new version of Form I-9, “Employment Eligibility Verification,” that is dated November 14, 2016 and has an August 31, 2019 expiration date. Employers must use the new form beginning on January 22, 2017. Until then, the version dated March 8, 2013 may also be used…. Read more »

Year-End Tax Strategies for Small Businesses

It’s not too late to take steps to significantly reduce your 2016 business income tax bill and lay the groundwork for tax savings in future years. Here’s a summary of some of the most effective year-end tax-saving moves for small businesses under the existing Internal Revenue Code. After President Obama hands over the baton to… Read more »

Get Ready Businesses: Some Filing Due Dates Are Changing

Thanks to recent legislation, the due dates have been changed for some information returns and related statements and for some business tax returns. Here’s what you need to know. Earlier Due Dates for Forms 1099-MISC and W-2 When a business pays non-employee compensation aggregating to $600 or more to a single payee in a tax… Read more »