Records Retention Guidelines to Remember During Spring Cleaning
Warm weather and rainy days bring the urge to purge. But before you clean your file cabinets or declutter your computer […]
Electric Vehicle Tax Credit: You Can Still Save Greenbacks for Going Green
Are you considering buying a new plug-in electric vehicle or a plug-in electric-gas hybrid vehicle? There is good and bad news about […]
5 Last-Minute Ideas to Lower Your 2018 Taxes
1. Choose to Deduct State and Local Sales Taxes If you live in a jurisdiction with low or no personal income […]
Itemizing vs. Taking the Standard Deduction
Under the Tax Cuts and Jobs Act (TCJA), fewer people will be itemizing deductions — and more will be claiming […]
Six Common Mistakes When Taxpayers Prepare Their Own Tax Returns
Tax filing season kicked off as scheduled on January 28. But tax returns for 2018 may require extra time to file […]
SIMPLE IRA vs. Solo 401(k): Which Is Right for Your Small Business?
Small business owners have several options for their retirement plans. Two tax-smart and flexible alternatives are SIMPLE IRAs and solo 401(k) […]
Could Medicare Premiums Lower Your Taxes?
Health care is a top concern for many Americans, especially people who are age 65 and older. While these individuals qualify […]
10 New Year’s Resolutions to Improve Your Personal Financial Position
Have you ever kept a New Year's resolution for the entire year? Every January, millions of Americans make promises to eat […]
Revenue Recognition: New Rules Go Live for Private Companies
Private companies that follow U.S. Generally Accepted Accounting Principles (GAAP) must implement new revenue recognition rules in fiscal years that start […]
IRS Ups the Ante on Retirement Contributions
Every year, the IRS releases cost-of-living adjustments to qualified retirement plan amounts. For tax year 2019, many of the limits applicable to pensions and other retirement plans will increase. But some will remain unchanged from 2018.