Every year, the IRS releases the cost-of-living adjustments to qualified retirement plan amounts. For tax year 2019, many of the limits applicable to pensions and other retirement plans with increase. But some will remain unchanged from 2018. Annual Adjustments The...
With the Holidays fast approaching, you might want to reward your employees for all their hard work in 2018. Gift-giving ideas include gift cards, holiday turkeys and achievement awards. Although your intent may be essentially the same in all these situations, the tax...
Planning for emergencies is like buying insurance: you pay into an account and hope you’ll never have to use it. But life happens. Cars break down. Roofs leak. Kids get injured. Having money in the bank to cover those unexpected expenses can reduce stress and...
If you operate a business out of your home, you may be able to take a deduction of a wide variety of expenses. These may include part of your rent or mortgage costs, insurance, utilities, repairs, maintenance, and cleaning costs related to the space you use. It can...
Hiring your children to work in your business can be a win-win situation for everyone. Your kids will earn money, gain real life experience in the workplace, and learn what to do every day. In addition, you will reap a few tax benefits in the process. Before you...
Building customer loyalty is a matter of focusing on the basics. Does your company need to refocus on any of them? Studies have shown that businesses often spend five to six times more to attract a new customer than to keep an existing one. Over the long term, those...
