Getting a divorce can be a painful process. You don’t want to make it worse by making decisions that will cost you more in taxes. Here are four issues to consider if you’re in the process of getting a divorce.
The key to retirement security is picking the right plan for your business
There are many retirement plan options for small business owners and their employees. Here’s a quick rundown of three of them.
Some business owners can’t participate in their own companies’ HRAs
Did you know that business owners aren’t always eligible to participate in the Health Reimbursement Arrangements available to their own employees? Read up on the fine print here.
Taking distributions from your traditional IRA
Prudently planning how to take money out of your traditional IRA can mean more money for you and your heirs. Here are three areas to understand in order to maximize your retirement savings.
What to do if your business receives a “no-match” letter
If the names and Social Security numbers on your employees’ W-2 forms don’t match the government’s records, you may receive a “no-match letter.” Here’s what these letters mean and how to proceed.
DOL expands retirement plan options for smaller businesses
The costs involved with funding a retirement plan for employees can greatly burden a small business. The U.S. Dept. of Labor has issued a final rule that can ease the burden.
Is it time to hire a CFO or controller?
Tick tock, tick tock … if too many moments of your day are spent managing your company’s finances instead of strategically running the business, a CFO or controller might be a good hire.
The “kiddie tax” hurts families more than ever
If your child or grandchild has unearned income from dividends, interest and capital gains, beware of the “kiddie tax.” Your family may be hit even harder by the tax under current law.
Businesses can utilize the same information IRS auditors use to examine tax returns
Before conducting an audit, IRS examiners do their homework by reviewing “Audit Technique Guides.” Business owners and executives can easily read the same guides.