If you are interested in starting your own business, there are several professionals that you should consult along the way so that you can focus your time and efforts on what you do best. For more information on working for yourself by starting your own business, read this C.P.A. Insight.
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.
With students preparing to leave home for school, now is a good time to introduce your college students to creating a budget. It is important for your children to view a budget as a tool that will help them save for large expenditures like a Spring Break trip, rather than a method of control by you. For more information on budgets for college students, read this C.P.A. Insight.
There are several scenarios that would make a non-deductible IRA contribution useful to an investor. These include low capital gains tax rates and a strategy involving converting an appreciated account to a Roth IRA. For more information on how a non-deductible IRA contribution may benefit you, read this Financial Strategy.
Long-term care insurance has evolved into a product that supports aging or ill individuals staying at home or living in a facility when full-time care is necessary. Long-term care policies have a variety of options, riders and eligibility requirements that need to be carefully considered. For more need-to-know information about long-term care insurance before you consider purchasing a policy, read this Insurance Know-How.