Blog Archives

Handling Taxes for Employees Who Are Not Regular

8/29/2018

As an employer, you normally have to file a quarterly Form 941 to report your employees' wages and withholding. Each quarter, if you pay wages subject to income tax withholding (including withholding on sick pay and supplemental unemployment benefits) or Social Security and Medicare taxes, you must file a Form 941, although there are some exceptions.

Basis: The Essential Tax and Investing Term

8/29/2018

First, let's start with what "basis" means. Your basis is usually what you paid for an asset. According to the IRS, a capital gain or loss is the difference between your basis and the amount you get when you sell an asset. So, if you sell an asset that is worth more than you paid for it, you will have to pay taxes on the gain.

Tax Reform Expands ABLE Accounts, Saver's Credit

8/29/2018

The tax reform laws passed at the end of 2017 added some benefits for people with disabilities, raising the amount of money they can put into their Achieving a Better Life Experience (ABLE) accounts. They may even be able to roll a limited amount of money from 529 plans into ABLE accounts. Finally, many will also qualify for the Saver's Credit for low- and moderate-income workers.

How Does Crowdfunding Work?

8/29/2018

Crowdfunding is the process of getting a large crowd of people to each pay a small amount of money to invest in an idea or product, typically with a tangible incentive and the promise that when the idea comes to fruition, they will get first access to it.

Are Annuities Right for You?

8/15/2018

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.

Passwords: Making Them Hard to Crack

8/15/2018

Why work on making your passwords stronger? Hackers will attack the low-hanging fruit first. What attackers will do is steal the storage of passwords on a vulnerable screen. These passwords are encrypted, but with tools like Pwdump, Airodump-Ng and the Meterpreter, hackers can take as much time as they need to crack your password.

What to Take Out of Employees' Paychecks

8/15/2018

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 withholding taxes.

Check Your Withholding Now

8/15/2018

The IRS is urging two-income families and folks who work multiple jobs to complete a paycheck checkup to verify that they're withholding the right amount of tax from their paychecks.
You can check out the IRS Withholding Calculator to help navigate the complexities of multiple employer tax situations and determine the correct amount of tax for each employer to withhold.

Umbrella Insurance: An Estate Planning Necessity

8/1/2018

An umbrella insurance policy is very helpful when you are sued and the dollar limit of your original policy has been exhausted. The added coverage provided by liability insurance is most useful to individuals who own a lot of assets or very expensive assets and are at significant risk of being sued.

How to Manage the Home Office Deduction

8/1/2018

If you use part of your home for business, you may be able to deduct expenses for the business use of your home. The home office deduction is available for homeowners and renters, and applies to all types of homes. There are basically two methods for deducting the portion you use for business: the simplified method and the regular method.

<<Previous

Handling Taxes for Employees Who Are Not Regular

Basis: The Essential Tax and Investing Term

Tax Reform Expands ABLE Accounts, Saver's Credit

How Does Crowdfunding Work?

Are Annuities Right for You?

Passwords: Making Them Hard to Crack

What to Take Out of Employees' Paychecks

Check Your Withholding Now

Umbrella Insurance: An Estate Planning Necessity

How to Manage the Home Office Deduction

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Newsletter articles are posted every 2 weeks. ​

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Newsletter articles are posted every 2 weeks.