Category: Blog

Is this the year you’ll adopt a child? If so, you might also qualify for a special break on your income tax return.

If you’re considering putting your house on the market, take a look at the outside appearance of your home first. Sprucing it up may help you raise your asking price.

As your business grows, you may be thinking about incorporating. Learn the reasons why it can be a good idea.

Remember, service charges do not receive the same tax treatment as tips. Service charges are non-tip wages, and employers must treat them as such for tax withholding and filing requirements. Tips are payments made to employees by customers at the customer’s discretion. Service charges are
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Single people have financial considerations that differ from those who are married. But this doesn’t mean they should overlook financial planning. Read more.

The IRS recently announced the 2018 inflation-adjusted limits for health savings accounts. For 2018, taxpayers can contribute up to $3,450 (up from $3,400 in 2017) for single coverage, or up to $6,900 (up from $6,750 in 2017) for family coverage. The maximum out-of-pocket figures are:
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Knowing your credit score can help you avoid a surprise when you attempt to apply for a loan or credit card. Read more.

Your chances of being audited are probably lower than you think. A look at the latest IRS statistics for 2016 reveals two interesting and reassuring facts about the risk of an IRS audit.

Summer is a good time to do business entertaining. Normally, deductions for business entertainment and meals are limited to 50 percent of the expenses. However, you can write off 100 percent of the cost of a company picnic or other get-together. Note that you can’t
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June 15, 2017, is the due date for making your second installment of 2017 individual estimated tax. Your check to the United States Treasury should be accompanied by Form 1040-ES. June 15 is also the due date for calendar-year corporations to make their second quarter
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