18 Oct 2018
October 18, 2018

The IRS Looks Into Executive Compliance

0 Comment

Executive compensation has evolved dramatically in recent years — in creativity, complexity and dollar value. How so? Stock options, deferred compensation, fringe benefits and other non-cash alternative forms of compensation are becoming increasingly popular, comprising larger and larger parts of executives’ overall compensation packages. Why is the IRS taking note? There are multifaceted tax implications,.. read more →

18 Oct 2018
October 18, 2018

Is a 1031 Exchange Right for You?

0 Comment

A 1031 exchange, on the surface, is a simple yet powerful technique that helps real estate investors. It lets investors essentially “trade” properties while postponing taxes. But the rules are complicated, and there have been some recent changes investors should know about. The Tax Cuts and Jobs Act continues to allow investment property owners to.. read more →

The ACA requires that employers with 50 or more full-time-equivalent employees provide minimum essential coverage that is affordable — or face a penalty for not complying. The affordability requirement is satisfied if an employee’s premium for self-only coverage does not exceed a specific percentage of their household income or a certain safe harbor amount. Percentage.. read more →

18 Oct 2018
October 18, 2018

Know the FMLA Notice Requirements

0 Comment

Whenever an employee needs to take leave under the Family Medical Leave Act, he or she must inform the company as soon as possible. Failure to notify the company within the time frame specified under the FMLA or failure to follow company policy for requesting FMLA leave may result in coverage being delayed or denied… read more →

20 Sep 2018
September 20, 2018

Is a Franchise the Right Move for You?

0 Comment

Many would-be entrepreneurs wonder what it might be like to open a franchise. There are hundreds of possibilities, each with its own policies and minimum investments, but let’s consider one of the most famous. Imagine you’re opening your own McDonald’s; you have to buy a McDonald’s franchise. For a conventional franchise, you have to have.. read more →

Where is the best place to start on a journey to get and keep your finances in order? Gather your financial paperwork, including whatever pertains to your credit cards, phone and utility bills, bank statements, insurance and mortgage payments, and any other financial debts and obligations you’re required to pay on a monthly or yearly.. read more →

20 Sep 2018
September 20, 2018

Qualified Retirement Plans: Know the Rules

0 Comment

The IRS annually releases its Required Amendments (RA) list, which includes changes that individually designed retirement plans may need to make in order to remain qualified under the Internal Revenue Code. The most recent RA list was released via Notice 2017-72, which contains changes not only to the qualification requirements for individually designed plans but.. read more →

20 Sep 2018
September 20, 2018

New IRS Guidance on State and Local Taxes

0 Comment

The IRS will be addressing the deductibility of state and local tax payments for federal income tax purposes. It’s a reminder that federal law controls payments for federal income tax purposes no matter how state law wants to view things. The Tax Cuts and Jobs Act limits the amount of state and local taxes one.. read more →

The rules for withholding federal payroll taxes are quite straightforward, applying to most employees in the United States, regardless of location. The rules tend to be more complicated on the state side, however, as they are location specific and may even include local tax withholding. Here’s a rundown of the various federal, state, and local.. read more →

22 Aug 2018
August 22, 2018

Are Annuities Right for You?

0 Comment

Annuities are financial products sold by insurance companies that allow you to put aside money, have it increase each year without paying taxes and then trigger a stream of future payments on a timetable you can control. Unlike IRAs, there’s no income limit on how much you can place in an annuity. By being in.. read more →