Taxes—On the Right Track
Tired of saving your receipts in a shoe box for your C.P.A.? We offer several methods for tracking your income and expenses year round.
Tax Tracking List
Whether you are drawing columns on paper or assigning category names in computer software to record transactions, use a basic category list to separate your transactions. Our Tax Tracking List contains a complete list of categories.File your receipts as you receive them throughout the year in the appropriate categories.
How Budgeting Can Help You Realize Your Business Goals
Using a budget will assist you in tracking the flow and progress of your business by providing a visual statement of the business’ activities.
Required Minimum Distributions
The much touted Bankruptcy Abuse Prevention and Consumer Protection Act of 2005 has a silver lining that extends the bankruptcy protections enjoyed by employment-sponsored retirement plans, which are covered by the Employment Retirement Income Security Act (ERISA). Congress designed the law to curb perceived abuses by debtors in bankruptcy.
Is the Sale of Your Dental Practice Your Retirement Future?
If you are planning the sale of your medical practice to finance your retirement, you may need to increase the value of your practice.
Pension Protection Act of 2006
The Pension Protection Act of 2006 was aimed at increasing retirement savings. Most notably, employers were allowed to automatically enroll employees in the company’s 401(k) plan.
How Do You Choose a Consultant?
A consultant can help you identify your problem, devise a solution, and then implements it or train you to do so. In order to get the most benefit out of a consultant, you must know how to seek out the best fit for you.
Tax Breaks for Home Mortgage Interest
Home mortgage interest can provide a very large tax deduction. You also may be able to transform nondeductible expenses into fully deductible interest by using your home as collateral for the loan.
Taxpayers Become Victims of E-mail Scam
The U.S. Treasury Department’s Electronic Federal Tax Payment System is a safe and convenient way to file and pay your taxes online. However, beware of email scams claiming your credit card has been enrolled to pay taxes due.
Independent Contractor versus Employee
The good news is your small business has really taken off. The bad news is you need to hire help! The kind of help you hire is an important business decision.