News
Becoming a Giver
The title of this post may seem strange but it is based on my reading of a book titled “The Go-Giver” by Bob Burg and John David Mann. The book is a quick read and it centers on a young man who finds a mentor who teaches him about the Five Laws of Stratospheric...
Watch out! Health insurance rates could head up sharply.
You may have seen the news over the past few weeks that UnitedHealthcare, the largest health insurer in the U.S., announced that it will no longer offer insurance on the Marketplace (Obamacare). This news coupled with the higher claims rates for all the insurers...
Tax breaks extended retroactively; some are permanent
In mid-December, Congress renewed a long list of tax breaks known as “extenders” that have been expiring on an annual basis. This year many of the rules are retroactive to the beginning of 2015. You may be able to benefit from some of them as you prepare your 2015 federal income tax return.
Three tips to start the tax filing season
Check whether your children need to file a 2015 tax return. They’ll need to file if wages exceeded $6,300, self-employment income was over $400, or investment income exceeded $1,050. When income includes both wages and investment income, other thresholds apply.
Corporate minutes support tax deductions
Well-documented corporate minutes can provide valuable supporting evidence if the IRS questions choices you make on your tax returns. Minutes are especially important when related-party transactions are involved, such as payments, loans, or distributions between the company and you or other owners.