Using The Zero Percent Tax Rate
Generally, profits from selling assets such as securities and real estate held in taxable accounts are classed as long-term if the holding period was longer than one year. Tax rates
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Seniors: Medicare Premiums Could Lower Your Tax Bill
Americans who are 65 and older qualify for basic Medicare insurance, and they may need to pay additional premiums to get the level of coverage they desire. The premiums can
The Standard Deduction’s Double Standard
The 2019 ‘tax season,’ during which most 2018 tax returns are prepared, will soon peak at the April 15 deadline. One key trend is that more people are taking the
Homeowner’s Insurance Protects A Prime Asset
From coast to coast, hurricanes and wildfires and other natural disasters have created headlines while destroying homes. Your principal residence is a valuable asset, so you should be confident your
Roth Solo 401(K)s for (Very) Small Businesses
The Tax Cuts and Jobs Act (TCJA) of 2017 was not officially focused on retirement planning, but it has had a major impact on the choice of retirement plans. After-tax
Responding to The Nightmare of a Data Breach
It is every business owner’s nightmare. Should hackers gain access to your customers’ or employees’ sensitive data, the very reputation of your company could be compromised. And lawsuits might soon
When You Have Substantial Doubts About Your Non-Profit’s Future
U.S. Generally Accepted Accounting Principles require non-profits to regularly evaluate whether there is ‘substantial doubt’ about their ability to continue as a going concern. This means that the organization will
Now or Later – When to Report Subsequent Events
Financial statements present a company’s financial position as of a specific date, typically the end of the year or quarter. But sometimes events happen shortly after the end of the
How to Handle Transportation Plan Balances of Terminated Employees
Many organizations are adopting qualified transportation plans. Under these arrangements, employers contribute dollars toward mass transit expenses and allow employees to use pretax compensation reductions to pay for any additional
Why Executives Pose the Greatest Occupational Fraud Risk
In its 2018 Report to the Nations on Occupational Fraud and Abuse, the Association of Certified Fraud Examiners reported that owners and executives accounted for only 19 percent of all