Prepare Your Kids for Financial Independence
An AICPA survey discovered that parents are more likely to talk with their children about manners, eating habits, school grades, and substance abuse than about finances. All these topics are
Volume 6 Issue 5
3 Breaks for Business Charitable Donations You May Not Know About
Donating to charity is more than good business citizenship; it can also save tax. Here are three lesser-known federal income tax breaks for charitable donations by businesses. 1. Food donations
2 Ways Spouse-Owned Businesses Can Reduce Their Self-Employment Tax Bill
If you own a profitable, unincorporated business with your spouse, you probably find the high self-employment (SE) tax bills burdensome. An unincorporated business in which both spouses are active is
A Refresher on the ACA’s Tax Penalty on Individuals Without Health Insurance
Now that Affordable Care Act (ACA) repeal and replacement efforts appear to have collapsed, at least for the time being, it’s a good time for a refresher on the tax
How to Determine if You Need to Worry About Estate Taxes
Among the taxes that are being considered for repeal as part of tax reform legislation is the estate tax. This tax applies to transfers of wealth at death, hence why