Blog
Grandchild in College? Paying Tuition Could Save Gift and Estate Taxes
Now’s the time of year when many young adults are about to head back to college — or to enter their first year of higher education. If you have a grandchild who’ll be in college this fall and you’re concerned about gift and estate taxes, you may want to consider...
2014 Farm Bill Relief for Drought and Fire Conditions
Drought or abnormally dry conditions are affecting every state West of the Mississippi River and many on the East Coast, with much of the Southwest under long-term severe, extreme or exceptional drought conditions. In response, The Agricultural Act of 2014 (2014...
Why Dual Agency Representation May Cost You
What is the easiest mistake to make in the leasing or buying of commercial space for your company? Actually there are two common issues that often arise, but both stem from dual agency representation. If you have limited experience in the process, it’s easy to...
Test Your Knowledge with This Bookkeeping Quiz
Bookkeeper's Quiz Published by The American Institute of Professional Bookkeepers 1. To catch corporations that are claiming excessive deductions for 401(k) and similar plan contributions, the IRS is matching the contribution deductions listed on Form _____ with...
Have You Misclassified Employees as Independent Contractors?
An employer enjoys several advantages when it classifies a worker as an independent contractor rather than as an employee. For example, it isn’t required to pay payroll taxes, withhold taxes, pay benefits or comply with most wage and hour laws. However, there’s a...
Patient-Centered Outcomes Research Institute Fee
The Patient Protection and Affordable Care Act imposes a new Patient-Centered Outcomes Research Institute fee (PCORI), formerly the comparative effectiveness research fee, on plan sponsors and issuers of individual and group policies. This fee is due July 31st....
Why You Need to Know the Value of Your Assets
With the gift and estate tax exemptions currently at $5.34 million, you might think that estate valuations are less important. But even if you believe that your estate’s value is under the exemption amount, it’s still important to know the value of your assets....
Tips for Deducting Volunteer Expenses When Traveling
If you itemize your deductions for tax purposes, you should be deducting volunteer expenses. While a charitable deduction is not allowed for contribution of services, out-of-pocket expenses made in rendering gratuitous services to a charitable organization, may be...
Overtime Pay Rules When Employees Travel For Work
Are your employees traveling for work? If so, the following are areas to consider when calculating overtime pay. Home to Work Travel An employee who travels from home before the regular workday and returns to his/her home at the end of the workday is engaged in...