John T, Here Are Your Articles for Thursday, August 25, 2022
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Saved Articles

  • Business Interest Expense: The New Rules

    The IRS has issued final regulations about deductions for business interest expense under the TCJA. Click through to see how the agency tackles the definition of interest and learn about exceptions that may apply to you.

    Saved on 11-15-2021 - Remove
  • Pensions and Taxes: Know the Score

    The traditional defined-benefit pension plan may not be as common as it was, but some individuals still have one, and they need to know the tax situation. Click through for an introduction to the complex world of pensions and taxes.

    Saved on 04-16-2022 - Remove
  • A Quick Introduction to Trusts

    In these difficult times, families should think about how a trust could help them. They are more affordable than many realize, and they have scores of uses for a variety of situations. Click through for a basic primer on how trusts may be able to help you.

    Saved on 04-16-2022 - Remove
  • 5 Best Practices for Online Video Meetings

    Although many employers used videoconferencing before the pandemic, in recent months, its use has soared. Still, many users are confused about how best to use it. Click through for tips on hosting successful video meetings.

    Saved on 04-16-2022 - Remove
  • What Is a Supplemental Unemployment Benefits Plan?

    The adverse economic impact of the coronavirus pandemic has bolstered employers' interest in supplemental unemployment benefits plans, which are designed for certain discharged workers. Click through for an intro to a little-known benefit.

    Saved on 04-16-2022 - Remove
  • Gig Economy and Taxes

    The so-called gig economy may be the wave of the future for a substantial number of workers. There are lots of implications—especially regarding taxes. Click through for an introduction to how the IRS handles gig workers.

    Saved on 04-16-2022 - Remove
  • Seasonal Employment: Laws and Best Practices

    Do you rely on seasonal employees to fill staffing shortages during holidays or busy periods? Click through for insights into navigating seasonal employment.

    Saved on 06-25-2022 - Remove
  • A Business Bankruptcy: Helpful but Complex

    Starting and running a business is hard, and there's no guarantee of long-term success. Sometimes, a bankruptcy is the only exit plan. Click through for an introduction to the key rules of business bankruptcy.

    Saved on 06-25-2022 - Remove
  • Working at Home — the New Reality

    Both businesses and workers have been ambivalent about telecommuting, but the pandemic may have forced everyone's hands. Click through for some insights into why, for many businesses, working from home may be the new normal.

    Saved on 06-25-2022 - Remove
  • Analyzing the Merger and Acquisition Deal

    How can you tell if a deal makes practical and financial sense? It's a short question, but it has a complicated answer. Click through for an introduction to M&A analysis so you can make the right decisions.

    Saved on 06-25-2022 - Remove
  • What Small Businesses Need To Know About Tax

    Many common tax problems vexing small-business owners involve underpayment of taxes and poor record-keeping. Click through for an introduction to some basic rules, so you can make life easier for yourself.

    Saved on 06-25-2022 - Remove
  • 529 Plans: Know the Full Story

    529 savings plans can do more than just help you pay for college, and now is a good time to consider just how flexible they can be. Click through to take advantage of the myriad benefits of a 529 plan in a pandemic-affected economy.

    Saved on 06-25-2022 - Remove
  • What Are Filial Responsibility Laws?

    Filial responsibility laws are legal rules that hold adult children financially responsible for their parents' medical care when parents are unable to pay. Click through to learn how they can impact parents' long-term health care concerns.

    Saved on 06-25-2022 - Remove
  • Post Pandemic Dress Guidance

    Workplace style during the pandemic took a dramatic shift to casual attire. Was this a one-time change or was it permanent? Click through to see whether office dress codes will return to pre-pandemic button-downs and slacks.

    Saved on 06-25-2022 - Remove
  • How to Calculate Employees' Net Pay

    Figuring employees' net pay may seem obvious, but it can be quite tricky, as there are various rules and regulations that need to be considered. Click through for a primer on calculating your employees' take-home pay.

    Saved on 04-16-2022 - Remove
  • IRS Publishes Inflation Adjustments for 2020

    The IRS has announced the tax year 2020 annual inflation adjustments, including the tax rate schedules and other tax changes. These adjustments for 2020 generally apply to tax returns that will be filed in 2021.

    Saved on 04-16-2022 - Remove
  • How Elder Mediation Can Save Families

    Tempers can rise and old grievances resurface as adult siblings face their elderly parents' caregiving needs and the many problems that come with it. Click through to see how mediation can help you avoid long-lasting feuds.

    Saved on 04-16-2022 - Remove
  • Steps for Reconciling IRS Form 941 to Payroll

    Form 941 is a crucial tool for ensuring your payroll data is accurately reported to the government and for balancing payroll in general. Click through for insight into reconciling Form 941 with your payroll on a quarterly and a year-end basis.

    Saved on 04-16-2022 - Remove
  • Group Health Plans: 3 Ways to Lower the Risk of a DOL Audit

    As the DOL continues to vigorously audit group health plans, it's critical that you avoid getting caught in the crosshairs. Click through for three ways to protect yourself and minimize the risk of a DOL audit.

    Saved on 04-16-2022 - Remove
  • Wage-and-Hour Rules During the Pandemic

    Pandemics often cause major economic disruptions, leading many businesses to fully or partially close. Regardless of the upheaval, employers must abide by wage-and-hour laws. Click through for wage-and-hour rules to consider during pandemics.

    Saved on 04-16-2022 - Remove
  • Do a Paycheck Checkup

    Especially in the wake of tax reform, some taxpayers could find themselves owing the IRS if they don't adjust their tax withholding. Click through so you won't have sticker shock when you file your return.

    Saved on 04-16-2022 - Remove
  • Know the FMLA Notice Requirements

    To receive FMLA-protected leave, eligible employees must provide adequate notice to their employers. If they don't, the leave could be delayed or denied. Click through for details on FMLA notice requirements.

    Saved on 04-16-2022 - Remove
  • Do You Know Your Lookback Period for Payroll Taxes?

    Your lookback period dictates your federal payroll tax deposit schedule, so "lookback period" is terminology that you should know. Click through to learn more about how lookback periods work, and how they affect payroll tax deposits.

    Saved on 04-16-2022 - Remove
  • Keep Your Smartphone Apps Secure

    We use our smartphones for so many things today that we take them for granted -- along with the security issues. How do you protect your personal information when you're on your phone? Click through to feel more trust in the apps you're using.

    Saved on 04-16-2022 - Remove
  • The Ins and Outs of Form 1099

    A 1099 tax form is a record that someone was paid non-salary income. It comes in multiple versions, and there's a good chance you'll be dealing with one or more of them each tax season. Click through for a rundown of how they work.

    Saved on 04-16-2022 - Remove
  • Baby on the Way: Knowing All About Maternity and Paternity Leave

    There's a good chance you'll eventually have to deal with some kind of parental leave in your office, whether it involves an employee or employee spouse pregnancy, or an adoption. Click through for some insights in creating a policy.

    Saved on 04-16-2022 - Remove
  • Medical and Dental Expenses: What Can You Deduct?

    Yes, the tax code gives you some deductions for medical and dental expenses, but the rules can get complicated. Click through for an intro to this key deduction, to help figure out where the IRS draws the line.

    Saved on 04-16-2022 - Remove
  • The Myth of the 20% Down Payment

    Conventional wisdom holds that you should put down 20% to buy a house. But this is not always necessary, or even wise. Click through to learn there's a much bigger story -- and that you need to educate yourself before writing a check.

    Saved on 04-16-2022 - Remove
  • Just What Is an Information Return?

    Certain kinds of business payments trigger the need for what are called "information returns." Just what are they and what are your responsibilities? Click through for a list of the kinds of transactions you have to report.

    Saved on 04-16-2022 - Remove
  • What Is Tax-Loss Harvesting?

    Tax-loss harvesting is about minimizing capital gains taxes on your investment portfolio. With care, you can keep more money in your account rather than giving it to the IRS. Click through to see how several strategies work.

    Saved on 04-16-2022 - Remove
  • What's the Story on Long-term Care Insurance?

    It's a complicated and controversial insurance product, and may not be for everyone. However, it's a good idea to see if long-term care insurance may be essential for you. Click through for the basics on long-term care coverage.

    Saved on 04-16-2022 - Remove
  • Productivity Tools for Small Businesses

    Have you wondered about implementing programs that may make you and your employees more productive, but didn't know how to get started? Click through for an introduction to productivity tools that can help businesses of all sizes.

    Saved on 04-16-2022 - Remove
  • Can I Modify an Employee's Time Sheet?

    It's common practice for managers and supervisors to adjust employees' time sheets to address incorrect or missing information — but is this legal? Click through to find out what the law says about you making this change.

    Saved on 04-16-2022 - Remove
  • Choosing a Business Structure: C Corps, LLCs, PCs and S Corps

    One of the first decisions business owners make is how their business should be structured. The many choices can be overwhelming and a clear choice may not be evident. Click through to better understand the best business structure for you.

    Saved on 04-16-2022 - Remove
  • The EITC: Helpful But Misunderstood

    The earned income tax credit gives an enormous helping hand to working families, but many wrongly assume it doesn't apply to them. Click through for insights into the powerful EITC to learn if you can take advantage of it.

    Saved on 04-16-2022 - Remove
  • What Is OCBOA — and Can It Work for Your Business?

    U.S. Generally Accepted Accounting Principles — GAAP — is not the only game in town. Other Comprehensive Basis of Accounting might be a better choice for your business. Click through for the details so you can make the right choice.

    Saved on 04-16-2022 - Remove
  • Budgeting Tips for Managers

    It may not be the most entertaining part of your job, but it's often one of the most essential: budgeting. Is there a way to make it less painful? Click through for some tips on managing your department's budgeting responsibly.

    Saved on 04-16-2022 - Remove
  • What To Know About Getting a Tax Refund

    Tax season is upon us, and all taxpayers are no doubt hoping for a refund. Unfortunately, there are a lot of myths about when and how you'll get your refund. Click through for the "straight dope" from the IRS.

    Saved on 04-16-2022 - Remove
  • The SBA EIDL and PPP Loans and Their Tax Implications

    The Small Business Administration has refreshed an old loan program and launched a new one for pandemic-affected businesses—but there are a lot of complexities. Click through for the inside story, and the important tax implications.

    Saved on 04-16-2022 - Remove
  • Avoid These Financial Hoaxes

    Crises can bring out the best in many people — but perversely, they can also bring out the worst. Many scammers are trying to take advantage of the complex bailout provisions for individuals and businesses. Click through to learn how to avoid them.

    Saved on 04-16-2022 - Remove
  • Family Member Care and the IRS

    Do you have a private nurse taking care of a parent in your home? You don't only have a health issue, you also have a tax issue. Click through to be on top of the additional tax responsibilities that come with home help.

    Saved on 04-16-2022 - Remove
  • The New Form W-4: What You Need To Know

    The new year has brought with it a long-promised — and heavily revised — Form W-4. It's very different from previous versions. Click through for a review of the changes and how they affect both businesses and employees. 

    Saved on 04-16-2022 - Remove
  • How To Be a Part-time Landlord

    Think of it as a hands-on investment; real estate has long been an important investment sector. What if you added a twist: You're managing it yourself. Click through for an introduction to becoming a part-time landlord.

    Saved on 04-16-2022 - Remove
  • When Identity Theft Hits Your Taxes

    Tax-related identity theft occurs when someone uses your stolen personal information to claim a fraudulent refund. It's an especially virulent kind of identity theft. Click through to understand how it happens and what you can do.

    Saved on 04-16-2022 - Remove
  • Tax Credits on Their Way Out

    A number of tax credits and incentives are set to expire at the end of 2020 — although it is possible some may be extended. Click through for a list of those that, at least for now, are set to expire in the near future.

    Saved on 04-16-2022 - Remove
  • Learn the Ins and Outs of Payroll Deductions

    With a mix of state and federal rules, figuring out what to deduct from your employees' wages can get complicated. Click through for an overview of the taxes you have to deduct, and other paycheck issues.

    Saved on 04-16-2022 - Remove
  • IRS Gives Break on Flexible Spending Plans

    The IRS has issued new guidance to grant increased flexibility on 125 cafeteria plans, health flexible spending arrangements and dependent care assistance programs. Click through to learn how to take advantage of the new rules.

    Saved on 04-16-2022 - Remove
  • Tips for a Quicker End to Your Mortgage

    All homeowners look forward to the day when their mortgages end. With a little planning, you can make that day come sooner. Click through for some advice on how to pay off your mortgage sooner than you expected.

    Saved on 04-16-2022 - Remove
  • How to Leave Your Worldly Goods

    Where will you leave your assets when you're gone? Sometimes it seems obvious, but you still have a lot of choices. Click through for some thoughts on who your beneficiaries should be and why you need to consider your choices carefully.

    Saved on 04-16-2022 - Remove
  • Don't Get Over Your Head in Investing

    Too many stories have appeared in the news about naive investors who lose their savings because of overreliance on tools that make Wall Street look safe and easy. Click through for some thoughts on being careful.

    Saved on 04-16-2022 - Remove
  • Filing Taxes for the Deceased

    Tax responsibilities don't end with death. Indeed, it's an important part of the executor's job to file the deceased person's state and federal final income tax returns for the year of death. Click through to address specific tax filing responsibilities.

    Saved on 04-16-2022 - Remove
  • Business Coaching for a New World

    Business owners are trying to thrive in a world that is very different from the way it was a year ago. Coaches may be able to observe and guide you to success. Click through to learn how to use this time-honored, and newly relevant, technique to up your game.

    Saved on 04-16-2022 - Remove
  • Depreciation: How Does It Work?

    Depreciation is a tax deduction allowing the recovery of asset costs. You can get a tax break from depreciation, but the rules are complicated. Click through for an introduction to the tax and accounting strategies surrounding it.

    Saved on 04-16-2022 - Remove
  • Post-Pandemic: Time for a Career Change

    How has the pandemic hit your career possibilities? Depending on your situation and the state of your industry, it might be time for a major change. Click through if you're thinking about changing careers.

    Saved on 04-16-2022 - Remove
  • How Are Trusts Taxed?

    Trusts are subject to taxation, but not in the same way businesses and individuals are. They have their own special rules, and both grantors and beneficiaries need to be aware of them. Click through for an introduction to trusts and taxation.

    Saved on 04-16-2022 - Remove
  • What To Know About S-Corp Returns

    S-Corps are a special kind of business entity, and they have their own special tax rules, which can get complicated. Are you making sure you're following all the filing rules? Click through for an intro to the complex world of S-Corp taxation.

    Saved on 04-16-2022 - Remove
  • The Whys and Hows of Medicaid Trusts

    A Medicaid asset protection trust is designed to protect assets from being counted for Medicaid eligibility. There are a lot of provisions, however. Click through to understand how it works and whether it might be right for you.

    Saved on 04-16-2022 - Remove
  • Telecommuting as a Reasonable Accommodation

    COVID-19 has brought both telecommuting and reasonable accommodation to the fore, raising issues that likely will continue long after the pandemic has passed. Click through for insight into policy and regulation.

    Saved on 04-16-2022 - Remove
  • Personal Bankruptcy: Making Hard Decisions

    At a certain point, someone's financial situation may become so dire that bankruptcy is the only option. But although the implications are serious and long lasting, it doesn't have to be the end of the world. Click through to learn how bankruptcy can lead to a fresh start.

    Saved on 04-16-2022 - Remove
  • Small Businesses: Remain Tax-Aware During Pandemic

    It's been a tough year so far for small businesses, and the tax situation is even more complicated than usual. There's a lot to think about as you prepare your tax documents. Click through for a quick rundown of the key issues.

    Saved on 04-16-2022 - Remove
  • Meal Expenses: What's the Story?

    There's a lot of confusion and misinformation surrounding business meals and how and when you can deduct them. Click through for a brief history of meal deductions, and an intro to the current situation.

    Saved on 04-16-2022 - Remove
  • 6 Tips for Handling Virtual Layoffs

    It's never pleasant when layoffs become a necessity, and now the pandemic has turned the process virtual. Conducting layoffs through online meetings is the new norm. Click through for six ways to navigate layoffs in the virtual sphere.

    Saved on 04-16-2022 - Remove
  • How To Raise and Maintain a Credit Score

    More than ever, in today's tumultuous world, it is important to maintain a good credit score, even while economic difficulties make it tough. Click through to learn how to build and maintain healthy credit habits in good times and bad.

    Saved on 04-16-2022 - Remove
  • How Workers Can Return

    Some jobs cannot be done from home on a long-term basis, so businesses may gradually bring employees back to offices. Click through for tips on how best to do this to protect everyone's well-being as the pandemic subsides.

    Saved on 04-16-2022 - Remove
  • Home Equity Loans Are Deductible -- Sometimes

    The ability to deduct interest on home equity loans has always been one of their great advantages. That provision is still in force, but there are severe limitations. Click through to see if your plans align with the rules.

    Saved on 04-16-2022 - Remove
  • How To Retool: An Overview

    Recent months have forced decisions and adjustments on small businesses. Companies of all kinds are working through new ways of doing business. Click through for some examples and tips that may help you with your company.

    Saved on 04-16-2022 - Remove
  • Can the COVID-19 Vaccine Be Mandatory?

    Many employers have a strong case for requiring employee vaccinations, say legal experts, but it's a complex landscape. Click through to see what your vaccination policies should include — and exclude.

    Saved on 04-16-2022 - Remove
  • Stay Healthy on Office Return

    What will returning to the physical office mean for businesses and their employees? It's going to be a group effort, with both management and rank-and-file employees working together. Click through to learn how everyone can create a safe environment.

    Saved on 04-16-2022 - Remove
  • Leave-Sharing Programs: What You Need To Know

    These are difficult times, and to work effectively, companies must consider new programs, such as altruistic leave-sharing arrangements. Click through for insight into these programs and how to avoid legal pitfalls.

    Saved on 04-16-2022 - Remove
  • Small Businesses and the ADA

    A pioneering civil rights law, the Americans with Disabilities Act affects businesses of all sizes. But small businesses may not realize all the requirements. Click through for a quick review of the act's key provisions.

    Saved on 04-16-2022 - Remove
  • Do You Have a Hobby or a Business?

    Have a hobby that's also a source of income? The line between business and hobby can be a thin one, and the rules are complex. Click through for some insights that will help you make sure that you're in compliance and that you're not missing any allowable deductions.

    Saved on 04-16-2022 - Remove
  • The IRS Is Watching Out for Padding

    The IRS warns tax filers to avoid falsely inflating deductions or expenses on tax returns. This isn't a minor infraction that gets winked at. Click through to learn which areas the agency is zeroing in on.

    Saved on 04-16-2022 - Remove
  • The SEP-IRA: Just Right for Small Businesses

    Traditional pensions plans and 401(k)'s may not be appropriate for small businesses and the self-employed. However, that doesn't mean there are no other options. Click through to learn about the powerful and adaptable SEP-IRA.

    Saved on 04-16-2022 - Remove
  • What Makes a Successful Bonus Program?

    Bonuses are one of the best ways to motivate employees. But to actually work, a bonus program must be thoughtfully designed. Click through to learn about characteristics of an effective program.

    Saved on 04-16-2022 - Remove
  • What a Will Should NOT Do

    We are often urged, with good reason, to make a will to help put our lives in order. It’s a responsible and worthwhile thing to do — but not the only thing. Click through to learn when a will is not the best route.  

    Saved on 04-16-2022 - Remove
  • What's the Story With an IRS Offer in Compromise?

    An offer in compromise allows you to settle your tax debt for less than the full amount you owe. And in this complicated tax year, you may want to know more about it. Click through to understand how to take advantage of this program.

    Saved on 04-16-2022 - Remove
  • Foreign Earned Income: The Tax Situation

    If you are a U.S. citizen or a resident alien living in a foreign country, you're still subject to the same U.S. income tax laws that you would be if you lived in the United States. Click through for an introduction to the tax situation.

    Saved on 04-16-2022 - Remove
  • Business Deductions: A Quick Review

    Business expenses are the cost of carrying on a trade or business. Sometimes, the IRS gives you a tax break for your expenses. Click through for an introduction to the complex world of business tax deductions.

    Saved on 04-16-2022 - Remove
  • Should You Go with a Medicare Broker?

    A Medicare insurance broker is an independent agent who represents multiple carriers. Click through to see why brokers can be a great source for an unbiased opinion on your Medicare plan options.

    Saved on 04-16-2022 - Remove
  • Recordkeeping: The Key to Smooth Tax Transactions

    Generally, you should keep tax records for three years after you file a return, but there are times when you’ll need older files. Click through to learn how to be prepared.

    Saved on 04-16-2022 - Remove
  • Home Office Tech Tips

    Office-friendly tools for your workspace can help you enhance efficiency and decrease stress. Click through to learn what remote workers look for among new gear and apps.

    Saved on 04-16-2022 - Remove
  • The Sharing Economy: Tax and More

    The sharing economy is based on peer-to-peer activity — acquiring, providing or sharing access to goods and services. Click through to see how it's facilitated by community-based online platforms.

    Saved on 04-16-2022 - Remove
  • What Is the Innocent Spouse Rule?

    Want to seek relief from penalties that resulted from your spouse's underpayment of tax? Click through to learn how you can protect yourself.

    Saved on 04-16-2022 - Remove
  • Should You Pay an Employee Who Resigns With Two Weeks' Notice?

    When an employee hands in their two-week notice of resignation, it triggers payroll questions, including whether the employee should be paid at all. What are the rules and best practices for this situation? Click through for information to help you create a policy.

    Saved on 04-16-2022 - Remove
  • Do You Have Operational Efficiency?

    When operational efficiency is healthy, your business can cut down on unnecessary costs while increasing revenue. Click through for some thoughts on how you can make your business more efficient.

    Saved on 04-16-2022 - Remove
  • Tax Breaks for the Elderly

    Here's some good news for you from the IRS as you get older: You get extra tax breaks. The Internal Revenue Code and other laws contain special provisions for the elderly. Click through to make sure you don't leave anything on the table.

    Saved on 04-16-2022 - Remove
  • Putting Your House in a Trust

    Should you put your house in a trust? For some homeowners, it could be a smart move, but you need to know all the facts. Click through for some insights into this little-known estate planning strategy to see if it's right for you.

    Saved on 04-16-2022 - Remove
  • What Employers Need to Know About FICA Taxes

    Whether you have one employee or 1,000, you have to take responsibility for withholding and remitting Social Security taxes. Click through to make sure you know the basics and comply with the rules.

    Saved on 04-16-2022 - Remove
  • Wills vs. Trusts: What's the Difference?

    Wills and trusts are two of the most versatile and powerful tools you'll have when making long-term plans for your estate. But what are the differences, and which one should you use? Click through for a review of wills and trusts.

    Saved on 04-16-2022 - Remove
  • Do You Need an Outsourced CFO?

    Whether your firm is experiencing rapid growth or struggling financially, you can turn to expert advice without expanding head count. Click through for information on hiring a CFO for a set period to get yourself on track.

    Saved on 04-16-2022 - Remove
  • January Tax Due Date Is Approaching

    Businesses have to adhere to a strict tax schedule, and January 31 is a red-letter date. A variety of filings are due. Click through for an overview of your business tax responsibilities as the year draws to a close.

    Saved on 04-16-2022 - Remove
  • What Exactly Is a "Tax Year"?

    Tax years are based on annual accounting periods in which you keep records and report income and expenses. A tax year may not be a calendar year. Click through to discover the myriad annual accounting periods you may or may not adopt.

    Saved on 04-16-2022 - Remove
  • What's the Tax Deal on IRAs?

    IRAs are tax-favored personal savings accounts that set aside money for retirement. Most people have heard of them, but not everyone knows the tax details. Click through to make sure you understand how the tax advantages work.

    Saved on 04-16-2022 - Remove
  • When Is It Time To Refinance a Home?

    You can refinance a home to save money or make it easier to pay your monthly bills. But it can be tricky to figure out when a refi makes sense. Click through for details that will help you make the right financing decision.

    Saved on 04-16-2022 - Remove
  • When Should You Take Your Company Public?

    Is the lure of taking your company public becoming irresistible? Maybe it's time, but there's a lot to think about first. Click through to read an introduction to this complex and risky step so you know what you're getting into.

    Saved on 04-16-2022 - Remove
  • What to Know About Tax Prep

    In the coming weeks, taxpayers will be getting various documents needed to prepare their annual income tax returns. Click through for some tips on organizing your papers to make the process easier as we approach April 15.

    Saved on 04-16-2022 - Remove
  • The Tax Situation When You Have Employees

    When people perform work for you, you face a whole new world of responsibilities and deadlines. The rules are detailed and complex. Click through for an introduction to tax rules for employers.

    Saved on 04-16-2022 - Remove
  • Can You Be Exempt and Nonexempt at the Same Time?

    The Fair Labor Standards Act has two categories of employees: exempt and nonexempt. But can an employee have two jobs at a company, one in each category? Click through to see how the rules would work in this situation.

    Saved on 04-16-2022 - Remove
  • Filing the Final Tax Return

    When you're a spouse or personal representative of a deceased individual’s estate, you discover that even the deceased needs to file a final tax return. Click through to find out what responsibilities you have to square things with the IRS.

    Saved on 04-16-2022 - Remove
  • Long-Term Care Insurance: Right for You?

    How will you pay for the help you'll need in caring for yourself later in life? Long-term care insurance can be a major help, but decisions surrounding it can be complex. Click through for some insights on whether it might be right for you.

    Saved on 04-16-2022 - Remove
  • Special Tax Rules for Rehiring Staff

    In these rapidly changing times, you may want to rehire, at least on a temporary basis, staff who have formally retired. But does that change their pension status? Click through to learn how to follow the complex tax rules in this situation.

    Saved on 04-18-2022 - Remove
  • How to Manage Inventory

    Whether you sell gardening supplies or computer components, inventory can be a nightmare, especially in this era of disruptions related to COVID-19. Click through for some tips to manage your inventory in a productive way.

    Saved on 04-18-2022 - Remove
  • What It Means To Die Intestate

    Are you settling an estate for someone who didn't leave a will? This can lead to problems, but they're not insurmountable. Click through to become familiar with intestate succession laws that control who inherits property if no will exists.

    Saved on 04-18-2022 - Remove
  • What Is FATCA?

    The Foreign Account Tax Compliance Act requires that U.S. individuals who hold foreign financial assets must report those assets to the IRS. Click through for an overview of your responsibilities under FATCA rules.

    Saved on 04-18-2022 - Remove
  • A Fresh Look at Retirement Withdrawal Rules

    Strict rules govern the timing of retirement account withdrawals. These rules may change in the near future, but meanwhile, you need to know your responsibilities. Click through for an update on IRS requirements.

    Saved on 04-18-2022 - Remove
  • Defined Benefit Plans: The Standard Pension

    Defined benefit plans offer guaranteed retirement benefits for employees. How do these time-honored plans work? Click through to see advantages, disadvantages and tax considerations for employers and employees.

    Saved on 07-23-2022 - Remove
  • How To Get a Handle on Auto Insurance

    Most people need auto insurance, but the choices can be complicated, and it isn't always clear what the best choices are. Click through for an overview of the decisions you'll need to make about insurance.

    Saved on 07-23-2022 - Remove
  • What to Do With an Inherited IRA

    If you've inherited an individual retirement account, you need to learn the complex rules that govern how you must handle it. Click through to learn how to avoid making decisions that can result in very expensive consequences.

    Saved on 07-23-2022 - Remove
  • Retirement Planning: Key Considerations

    How much is enough when it comes to saving for retirement? This is a hard question to answer, but the good news is that figuring out a reasonable amount of money to save is not impossible. Click through for some thoughts on income and retirement so that you can start planning for your golden years today! 

    Saved on 07-23-2022 - Remove
  • Steps for a Disabled-friendly Workplace

    Everyone talks about making workplaces more inclusionary for employees with disabilities, but what are they really doing? Click through for some insights into how to make your business more welcoming to the disabled.

    Saved on 07-23-2022 - Remove
  • Exempt vs. Nonexempt: Where the Dividing Line Is

    There's a good chance that your organization employs both exempt and nonexempt employees. The line dividing them may be thin, but it's critical you keep the distinction clear. Click through to ensure that duties and compensation are assigned based on exemption status.

    Saved on 07-28-2022 - Remove
  • Do You Need Umbrella Insurance?

    Do you need extra liability protection? Those who have extra risks may need additional insurance. Fortunately, it's easily available and not very expensive. Click through to find out whether an umbrella policy is right for you.

    Saved on 07-28-2022 - Remove
  • Tax Breaks for Older Couples Who Sell Their Homes

    Homes often appreciate, especially when you've been living in them a long time. This is good but can create tax problems. Click through for tips on the tax situations impacting homes, to make sure you manage your home sale situation correctly.

    Saved on 07-28-2022 - Remove
  • How Do S Corporations Work?

    Particularly for certain smaller businesses, the S corporation can be a much more beneficial entity than the traditional C corporations, but there are strict rules. Click through for an introduction to the advantages and drawbacks.

    Saved on 07-28-2022 - Remove
John T Andrews CPA, PC
John T Andrews CPA, PC
cawhite@jtacpa.com
45 Sterling Street Suite 3
West Boylston, MA 01583
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Our firm provides the information in this e-newsletter for general guidance only, and does not constitute the provision of legal advice, tax advice, accounting services, investment advice, or professional consulting of any kind. The information provided herein should not be used as a substitute for consultation with professional tax, accounting, legal, or other competent advisers. Before making any decision or taking any action, you should consult a professional adviser who has been provided with all pertinent facts relevant to your particular situation. Tax articles in this e-newsletter are not intended to be used, and cannot be used by any taxpayer, for the purpose of avoiding accuracy-related penalties that may be imposed on the taxpayer. The information is provided "as is," with no assurance or guarantee of completeness, accuracy, or timeliness of the information, and without warranty of any kind, express or implied, including but not limited to warranties of performance, merchantability, and fitness for a particular purpose.
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