Surveys show that employees tend to underestimate the amount of money that their employer is spending on employee benefits. It's up to you to get them to realize their paycheck is only part of the compensation they are receiving as
Read moreForm 1099-K is a new information return sent to businesses by "payment settlement entities" reporting the amount of credit card and other electronic receipts that were processed for the business. The IRS also receives a copy of Form 1099-K and
Read moreBeginning in 2014, nearly everyone in America must either be covered by health insurance or pay a tax penalty. To facilitate this program, either your state or the federal government must provide a “Marketplace” (also known as the health insurance
Read moreIn today's economic environment, you may decide you have to work beyond the "normal" retirement age. Here's how extending your work life can affect your taxes and retirement benefits."Normal" retirement age is not a fixed number. For social security purposes,
Read moreFor federal tax purposes, the determination of "business" or "hobby" is a matter of deduction. If your new venture is considered a business, you can deduct losses against other income.However, when the activity is classified as a hobby, the "hobby-loss"
Read moreHealth Savings Accounts (HSAs) are tax-sheltered accounts that, when combined with a high-deductible health insurance plan, allow a tax deduction for contributions made to the HSA.Deductible ContributionsEssentially, the contribution to an HSA is deductible annually up to $3,250 if you
Read moreIf you're planning to adjust your investment portfolio by selling some losing stocks at year-end, take a minute to review the wash sale rules.A wash sale occurs when you sell a stock, bond, or mutual fund and by the same
Read moreBorrowing from your 401(k) can lead to tax surprises. Here are some tips to keep in mind if you are considering this option.When you borrow from your 401(k), you become both a borrower and a lender. Whether that's a good
Read moreEvery successful business relies on a core group of customers or clients who keep coming back on a regular basis. Sure, you're always trying to find new customers or clients and expand your market. But changes are that it's the
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