Emergency Funds: Why They’re Worth It
Emergency funds can be a lifesaver. Do you have extra funds saved for unexpected times? If not, it’s time to consider how much you’ll need if you fall on hard times.
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Be Professional With Your Family Member Employees
If you’re considering hiring a family member, the best way to avoid problems is to keep it professional. That means hiring your relative because of their qualified skill set (not because they are struggling to find a job). Setting clear expectations and enforcing policies is
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Why Walking Away From Sunk Costs Is the Best Option
Business owners and managers can let emotions dominate the decision-making process. Instead, move past sunk costs with grace and confidence knowing it’s the smartest business decision to make.
Changes to the Kiddie Tax in 2018
The Tax Cuts and Jobs Act has changed the way unearned income is taxed for your children. In the past, interest, dividends and other unearned income used to be taxed in phases. The first $1,050 was tax-free, the next $1,050 was taxed at the child’s
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Time to Go Through Your 2017 Tax Records? Consider This:
You’re probably getting ready to go through 2017’s records and prepare for this year. But what should you keep and what can you throw away? Here are some things to keep in mind as you sort through your records.
Check Your 2018 Tax Forms
Tax time is here. That means you need to check to make sure you have all the forms you need to file your 2017 tax return. Some of the most common forms include W-2s, 1095s and 1099s. Other commonly used forms are 1098s (used to
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The New 2018 Tax Act Means Big Changes for Taxpayers
Big tax law changes mean even bigger opportunities for taxpayers. Take a look at some of the changes to come out of the Tax Cuts and Jobs Act and consider how they could affect you.
New 1095-B and 1095-C due date: March 2 2018
The IRS said it will allow large health insurance companies to delay sending out health insurance confirmation forms. The Jan. 31 due date has been delayed until March 2. Keep in mind that you can still fill your tax return without this form as long
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Watch Out for Scams This Tax 2018 Season
The IRS is warning taxpayers to keep on high alert for the next few months. Scammers may try to get their hands on your money or tax return by collecting your personal or financial data. According to the IRS, its employees will never: Threaten to
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Review Your Withholdings in 2018
The IRS recently announced new withholding guidelines for all employers and payroll companies. Employers are expected to update your paycheck on or before Feb. 15. That means you’ll need to review the amount withheld from your paycheck. Why? Because the Tax Cuts and Jobs Act
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