Is an HSA right for you?

Is an HSA right for you? To help defray health care costs, many people now contribute to, or are thinking about setting up, Health Savings Accounts (HSAs). With these accounts, individuals can pay for certain medical expenses on a tax advantaged basis. The basics With HSAs, you take more responsibility for your health care costs. […]

August 7, 2019


Which entity is most suitable for your new or existing business?

Which entity is most suitable for your new or existing business? The Tax Cuts and Jobs Act (TCJA) has changed the landscape for business taxpayers. That’s because the law introduced a flat 21% federal income tax rate for C corporations. Under prior law, profitable C corporations paid up to 35%. The TCJA also cut individual […]

August 5, 2019


Odd word, cool concept: Gamification for businesses

Odd word, cool concept: Gamification for businesses “Gamification.” It’s perhaps an odd word, but it’s a cool concept that’s become popular among many types of businesses. In its most general sense, the term refers to integrating characteristics of game-playing into business-related tasks to excite and engage the people involved. Might it have a place in […]

August 1, 2019


You may have to pay tax on Social Security benefits

You may have to pay tax on Social Security benefits During your working days, you pay Social Security tax in the form of withholding from your salary or self-employment tax. And when you start receiving Social Security benefits, you may be surprised to learn that some of the payments may be taxed. If you’re getting […]

July 31, 2019


Bartering: A taxable transaction even if your business exchanges no cash

Bartering: A taxable transaction even if your business exchanges no cash Small businesses may find it beneficial to barter for goods and services instead of paying cash for them. If your business engages in bartering, be aware that the fair market value of goods that you receive in bartering is taxable income. And if you […]

July 29, 2019