As part of 2009’s stimulus package, the federal tax withholding tables were adjusted. However, these adjustments created an underlying issue of potentially underpaying federal income taxes. While the IRS attempted to readjust and reissue withholding tables, some taxpayers may still be affected. For more information on how these changes may affect you, read this C.P.A. Insight.,/p>
We offer a few simple rules to “recession proof” your portfolio; however, the rules should be followed in both good and bad markets.
Fixed annuities offer tax deferred growth and guaranteed retirement income. However an investor may be sacrificing too much return for the safety of the annuity. If you have an old fixed annuity in your portfolio, read this Insurance Know-How for ways you can maximize the benefits of your investment
Telecommuting offers employees the opportunity to work from home, while employers can enjoy paying for less office space. However, if you are fortunate enough to be able to telecommute, there are some tax implications you should consider. For more information on deductible telecommuting expenses, read this C.P.A. Insight.
A company-provided automobile makes for a wonderful non-cash fringe benefit. However, personal use of the auto can create undesirable tax implications. For details on how to minimize the benefit that is subject to income tax, read this C.P.A. Insight.
While bond funds are appropriate for some investors, many who invest in bond funds may be missing out on two key characteristics that owning a bond provides: a fixed yield and a contractual maturity date. For more information on the differences between bonds and bond funds, read this Investment Whys.