Don't let the kiddie tax play costly games with you
Mon, Jul 2, 2018

It’s not uncommon for parents, grandparents and others to make gifts to minors and college students. When considering this idea, taxpayers must beware of the kiddie tax. This tax trap could leave them liable for a substantial amount of tax dollars that they may never see coming.

4 questions to ask before hiring household help
Mon, Jul 2, 2018

When someone hires household help  such as an in-home caregiver, gardener or personal chef  that individual may become an employer. With employer status comes a variety of specific tax obligations. This article explores four questions that everyone should ask before saying, “You’re hired.”

ESOPs offer businesses tax and other benefits
Mon, Jul 2, 2018

Every business owner wishes his or her employees worked as if they owned the company. An employee stock ownership plan (ESOP) can make that a reality while offering tax breaks and a smoother path for succession planning. This article discusses how ESOPs work and their tax impact.

Retirement plan options for business owners
Mon, Jul 2, 2018

Business owners often have most of their money tied up in their companies, making saving for retirement especially challenging. Those who haven’t already set up a tax-advantaged retirement plan should think about setting one up this year. This brief article offers up a few options to consider.

Tax calendar
Mon, Jul 2, 2018

This calendar notes important tax deadlines for the third quarter of 2018.

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June's Topics:

How to be tax-smart when it comes to mutual funds
Deducting home equity interest under the Tax Cuts and Jobs Act
3 common types of IRS tax penalties
Beware of tax traps when making an employee a partner

May's Topics:

Do you have your own wealth management plan?
Choosing between a calendar tax year and a fiscal tax year
Get an early tax "refund" by adjusting your withholding
Foreign accounts call for specific reporting requirements


April's Topics:

Getting to know your credit and debit cards a bit better
No kidding: Child credit to get even more valuable
What is "reasonable compensation," anyway?
The new deal on employee meals (and entertainment)
Tax calendar