Articles

Employers: For Social Security, Medicare, and withheld income tax, file Form 941 for the first quarter of 2016. This due date applies only if you deposited the tax for the quarter in full and on time.  ...

Going through a divorce can be a stressful experience, and some items may be overlooked. Nevertheless, if you are in this situation, be sure to pay attention to future health insurance. Medical bills and health insurance premiums can be extremely expensive; any lapse in coverage...

The concept of 'materiality' helps management identify what is important enough to a company’s financial well-being to warrant additional disclosures in the financial statements. Unfortunately, the FASB does not currently define what information should be considered 'material' under Generally Accepted Accounting Principles. Investors do not generally...

The tax code includes Section 179, which permits first-year deduction (expensing) of amounts spent for business equipment. This provision formerly allowed annual deductions up to $25,000. After $200,000 of equipment outlays, the allowance phased out, dollar-for-dollar. Congress had raised these amounts sharply in recent years but...

A law passed in 2015 will essentially end the "file and suspend" strategy for claiming Social Security benefits. Under this strategy, seniors can begin Social Security at full retirement age (now 66) but then suspend payments until age 70, allowing the payment amount to increase....