Are you starting a new business in the New Year? Put these items on your to-do list for your smart start. Business plan. Outline who will own the business and what the legal form will be, your qualifications to run the business, the competitive market you face, the...
Hiring mistakes in any type of business or company can lead to more than just lost profit and time. But staffing errors can spell disaster for your start-up. Here are three to watch out for. 1. Staffing the firm with friends and family. While this strategy may work in...
Starting and running a business is rarely a safe or simple process, and doing so with one’s spouse creates an additional layer of complexity. Whether that complexity will have a positive or negative effect depends on several factors. Here are some of the questions you...
Are you a grandparent who wants to help pay for a grandchild’s college education? You’ll find several ways to do this, each with its own limitations and tax consequences. GIFTS. The simplest way is to make an outright cash gift to your grandchild each year. In 2014,...
The IRS has just issued a “Taxpayer Bill of Rights” that you should be aware of. The Rights are divided into ten main categories. According to this “cornerstone” document you have The Right: to be informed to quality service to pay no more than the correct amount of...
When you borrow from your 401(k), you become both a borrower and a lender. Whether that’s a good idea depends on your personal financial situation – and in the process of making the decision about lending money to yourself, you may have questions regarding the tax...
