by Sarah Boehle Pool | Aug 18, 2021 | Latest News
Are you a nonworking spouse? You may still be able to contribute to an IRA Married couples may not be able to save as much as they need for retirement when one spouse doesn’t work outside the home — perhaps so that spouse can take care of children or elderly parents....
by Sarah Boehle Pool | Aug 16, 2021 | Latest News
Hiring your minor children this summer? Reap tax and nontax benefits If you’re a business owner and you hire your children this summer, you can obtain tax breaks and other nontax benefits. The kids can gain on-the-job experience, spend time with you, save for college...
by Sarah Boehle Pool | Aug 12, 2021 | Latest News
The long and short of succession planning For many business owners, putting together a succession plan may seem like an overwhelming task. It might even seem unnecessary for those who are relatively young and have no intention of giving up ownership anytime soon. But...
by Sarah Boehle Pool | Aug 11, 2021 | Latest News
Seniors may be able to write off Medicare premiums on their tax returns Are you age 65 and older and have basic Medicare insurance? You may need to pay additional premiums to get the level of coverage you want. The premiums can be expensive, especially if you’re...
by Sarah Boehle Pool | Aug 9, 2021 | Latest News
Recordkeeping DOs and DON’Ts for business meal and vehicle expenses If you’re claiming deductions for business meals or auto expenses, expect the IRS to closely review them. In some cases, taxpayers have incomplete documentation or try to create records months (or...
by Sarah Boehle Pool | Aug 4, 2021 | Latest News
Tax-favored ways to build up a college fund If you’re a parent with a college-bound child, you may be concerned about being able to fund future tuition and other higher education costs. You want to take maximum advantage of tax benefits to minimize your expenses. Here...
